IB Economics Tuition

Economics is the study of how governments, businesses, individuals, and civilisations allocate scarce resources. We are limited in our ability to use resources because of the fundamental issue of scarcity. Economics equips us with the critical thinking skills necessary to make wise decisions about how best to utilise resources in order to preserve sustainability for future generations.

IB Economics tuition in Singapore aims to motivate students to gain a broader perspective of resource allocation through the IB Economics framework that studies how stakeholders such as governments, consumers, and producers continue to meet the needs of people without overusing resources. Additionally, an online IB Economics tutor can provide flexible learning options, helping students to understand complex economic concepts and apply them effectively in their studies.

The Curriculum

The IB Economics curriculum has undergone a major revamp. Students sitting for the IB exams in 2022 will be taking the new IB Economics curriculum. The curriculum is centred around 9 basic concepts: scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention. By designing the curriculum around these nine central concepts, students deepen their understanding of the subject by making the connections between these ideas.

Individuals can make the decision to either take IB Economics at the Higher level (HL) or Standard Level (SL).

HL students must take papers 1, 2 and 3 and finish their Internal Assessment. Meanwhile, SL students have to do their Internal Assessment and take papers 1 and 2.

Paper 1: Essay paper on all syllabus content

Paper 2: Qualitative and quantitative questions based on case studies

Paper 3: HL a policy paper with quantitative questions

The most significant changes in Paper 1 involve the essay section, where students now choose one essay question out of three options and have 1 hour and 15 minutes to complete it. The questions can be drawn from any part of the syllabus. Each essay question consists of two parts: Part (a) focuses on lower-order thinking, typically requiring an explanation without the need for real-world examples. Part (b) generally involves higher-order thinking, often framed as a “discuss” or “evaluate” question, and requires the inclusion of real-world examples.

Historically, the three essay questions have covered distinct areas: one on microeconomics, one on macroeconomics, and one on global economics, with no mixing of topics within a single question (e.g., combining microeconomics in part (a) with macroeconomics in part (b)). However, it’s possible that the IB may mix topics in future exams.

Given the broad syllabus, it’s challenging to prepare for everything. A strategic approach would be to focus on two of the three areas—microeconomics, macroeconomics, or global economics—which should provide a good chance of success.

Internal Assessment: Three analyses of news articles based on separate parts of the syllabus

They must then be able to analyse and comment on news articles. It allows them to apply these concepts to real-life contexts. To excel in this course, students have to be well-read. Keeping up with the newest global economic changes is a requirement for all IB economics students.

IB Economics

IB Economics in Singapore consists of 4 sections:

Unit 1: Introduction to economics

Unit 2: Microeconomics

Unit 3: Macroeconomics

Unit 4: The global economy

Why choose IB Super’s IB Economics tuition program?

Our Unique IB Economics Instruction

At IB Super, we do not just use the ‘chalk and talk’ way of explaining economic ideas to students. We communicate economic concepts through a variety of ways such as newspapers articles, music and activity-based lessons.

As reliable IB Economics tutors in Singapore, we guide students in mastering IB economics essay writing using the DEDE and ACE structures. Through these frameworks, students learn to effectively organize their responses and meet the criteria that examiners are looking for in essays. Our approach ensures that students understand not just what to write, but how to articulate their knowledge clearly and concisely, aligning their answers with the expectations of the examiners. This targeted preparation helps students develop the skills needed to excel in their essays.

IB Economics Exams

Exam focused

– We break up economic theories into bite size chunks to help make learning easier

– We know what examiners look out for in essays and teach students essay writing skills to achieve the best grades

– Online or offline, our tutors are all highly qualified, and IB-trained

The IB experience

Our tutors are either IB-trained or Top IB scorers. Hence, they have a good understanding of the requirements of IB programs. They know how to do well in the IB exams and are more than able to help you ace the exams too. From understanding challenging economics concepts to writing essays, our IB expert tutors can ensure you breeze through your exams.

Programmes

IB Economics Tuition