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Excel in IB Economics HL & SL with certified IB examiners. From microeconomics to development economics, aligned with the 2025 curriculum. 95% of students improve by 2+ grades.

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IB Economics Curriculum

What You'll Study in IB Economics

The IB Economics curriculum is organized into 6 key topics. Find expert tutors who specialize in the areas you need help with.

View Official IB Economics Guide

Introduction to Economics

  • Scarcity, choice and opportunity cost
  • Economic methodology
  • Key economic concepts
  • Production possibilities model

Microeconomics

  • Demand, supply and market equilibrium
  • Elasticity of demand and supply
  • Government intervention and market failure
  • Theory of the firm (HL)
  • Market structures (HL)

Macroeconomics

  • Measuring economic activity
  • Aggregate demand and supply
  • Macroeconomic objectives
  • Fiscal and monetary policy
  • Supply-side policies

The Global Economy

  • International trade and specialization
  • Exchange rates and balance of payments
  • Economic integration and trade agreements
  • Terms of trade (HL)
  • Balance of payments problems (HL)

Development Economics (HL)

  • Economic development
  • Measuring development
  • Sources of growth and development
  • Barriers to development
  • Growth and development strategies

Key Concepts

  • Scarcity and sustainability
  • Choice and efficiency
  • Equity and economic well-being
  • Change and interdependence
  • Intervention and market outcomes
HL Content

Higher Level (HL)

Additional depth and rigor for HL students

  • Additional theory content
  • Advanced problem-solving
  • Extended calculations
  • Deeper mathematical rigor

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Practice problems with PED, YED, XED formulas and interpretations

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HL Theory of the Firm Complexity

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Internal Assessment Portfolio

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