The Economics course has changed significantly in 2020 and now reflects a modern up to date approach to the study of this subject. The course examines 4 key areas of economics; microeconomic theory, macroeconomic theory, development economics and international economics. The new syllabus also ensures students study modern economic theories from the fields of behavioural economics, environmental economics and ethical consideration which are now at the forefront of economics studied at university level and within governments NGO’s and large global corporate organisations.
This is a demanding subject, which requires students to develop higher order critical thinking skills and the ability to interlink complex topics to produce high level written analysis. Students must be able to analyze data provided on economic scenarios and apply mathematical models alongside their understanding of key economics philosophies. To excel students will be required to work independently beyond the classroom and require high motivation levels in the subject, to cope with a high workload, especially at a higher level.
This subject provides students with a good grounding in the skills required for all university courses but especially Economics, Politics, Journalism, International Relations and as a suitable humanities subject for those aiming at top 100 universities.
External (SL 70% / HL 80%)
Paper 1 – H&S 1hr 15mins Extended Response (Essays)
Paper 2 – Paper 2: H&S 1hr 15 mins Data response questions
Paper 3 – (HL ONLY) Policy Paper including quantitative and qualitative questions
Internal (SL 30% / HL 20%)
Students must produce 3,800 word commentaries on articles relating to economics on 3 separate topic areas they study throughout the course.