Table of Contents
Introduction
1. Supporting Teachers in Teaching Subject-Specific Content
Example 1: Concept-Based Learning in Economics (Page 2, Introduction)
- How it Helps Educators: The book introduces concept-based learning through the WISE CHOICES framework (Well-being, Interdependence, Scarcity, Efficiency, Choice, Intervention, Change, Equity, Sustainability).
- Classroom Application: Teachers can incorporate case studies and real-world examples to demonstrate how these concepts are applied in microeconomics, macroeconomics, and global trade.
Example 2: Demand and Supply with Real-World Case Studies (Page 46, Chapter 3 & 4)
- How it Helps Educators: Provides structured lessons on market equilibrium, elasticity, and consumer behavior, integrating real-world case studies.
- Classroom Application: Teachers can engage students in interactive market simulations where they act as consumers and firms to understand price mechanisms.
Example 3: Macroeconomic Policy and Government Intervention (Page 243, Chapter 17)
- How it Helps Educators: Explains fiscal and monetary policies, helping students analyze their impact on inflation, employment, and growth.
- Classroom Application: Educators can assign students policy evaluation exercises, asking them to assess government responses to economic crises.
2. Supporting Students in Mastering the Subject
Example 4: Internal Assessments and Data Response Techniques (Throughout the Book)
- How it Helps Students: Provides step-by-step guidance on structuring IA commentaries and responding to data analysis questions.
- Mastery through Practice: Students use IB-style data sets to practice evaluating economic policies and applying theoretical models.
Example 5: Exam Strategies for Paper 1, 2, and 3 (Page 506, Chapter 32)
- How it Helps Students: Offers structured essay writing techniques and model responses for IB exams.
- Deep Learning: Students work on timed practice papers, improving critical thinking and analytical skills.
Example 6: Global Economy and Sustainable Development (Page 542, Chapter 34)
- How it Helps Students: Examines trade policies, exchange rates, and economic integration with a focus on sustainability.
- Relevance to IB Exams: Encourages students to link economic theory to global development challenges.
Conclusion
This IB Economics textbook is an essential resource for both students and educators, offering:
- Concept-based learning that connects economic theory to global issues.
- Real-world applications through case studies and policy evaluations.
- Comprehensive IB exam preparation, ensuring success in Papers 1, 2, and 3.
- Engaging lesson activities, integrating TOK discussions and CAS connections.
For IB educators, this book provides lesson-planning support, data-driven activities, and structured assessments, while students gain strong analytical and evaluation skills necessary for the IB Economics course.
