Economics for the IB Diploma

IB Economics Guide for the Updated 2020 Syllabus by Paul Hoang

This comprehensive resource, written by bestselling author Paul Hoang, is specifically designed to address the changes in the 2020 IB Economics syllabus. Covering all topics through inquiry, concepts, content, and contexts, this guide offers students and teachers a deeper, integrated understanding of economics and its real-world applications.

Features and Benefits for Students and Teachers

Complete Coverage of the Updated Syllabus

• Aligned with 2020 Syllabus Changes: Ensures all new topics and assessment requirements are addressed, providing students with a solid foundation to excel in the course.
• Exploration Through Nine Key Concepts: A newly developed acronym helps students connect the key concepts across topics, fostering a deeper understanding of economics as an interconnected discipline.

New and Relevant Topics

• Economics of the Environment: Introduces the economic analysis of pressing environmental challenges, encouraging students to explore sustainable solutions.
• Economics of Inequality and Poverty: Examines global issues surrounding inequality and poverty, highlighting how economic policies can address these challenges.

Real-World Applications

• Examples and Case Studies: Students learn to apply their knowledge to real-life situations, making the subject relevant and practical.

Focus on IB Core Values

• IB Learner Profile: Explicit references throughout the guide reinforce IB attributes such as critical thinking, international-mindedness, and inquiry.
• TOK Integration: Thought-provoking Theory of Knowledge (TOK) links for every topic encourage exploration of the interplay between economics and knowledge frameworks.

Assessment Preparation

• Exam-Style Questions: Includes a wide range of practice questions to familiarize students with the new assessment model.
• Review Questions: Summative questions at the end of each chapter reinforce understanding and aid in exam revision.
• Expert Tips and Hints: Guidance on avoiding common mistakes and maximizing performance supports students in achieving their best grades.

Why This Guide Stands Out

1. Inquiry-Based Learning: Encourages students to explore economic issues critically and from multiple perspectives.
2. Global Relevance: Tackles contemporary challenges like environmental sustainability and inequality, equipping students to think like global citizens.
3. Skill Development: Focuses on developing analytical, evaluative, and problem-solving skills essential for IB assessment and beyond.
4. Comprehensive Teacher Support: Enables educators to deliver engaging lessons and guide students effectively through the updated syllabus.

This guide is an essential resource for IB Economics students and teachers, offering a holistic and practical approach to understanding economics while preparing for the demands of the updated 2020 syllabus.