IB Economics

Vocational qualification

In Alton, Hampshire

Price on request

Description

  • Type

    Vocational qualification

  • Location

    Alton, hampshire

The world is becoming smaller largely through Globalisation, the internationalisation of Economics. Many of the problems of the world can be laid at the feet of inefficient or inappropriate economic systems. Economists can influence and change events through the use of models and theories which can be applied to different circumstances.

Facilities

Location

Start date

Alton, Hampshire (West Yorkshire)
See map
Old Odiham Road, GU34 2LX

Start date

On request

About this course

For entry to the IB programme you must achieve an average of at least 5.5 points in your GCSEs, based on A* = 8pts, A = 7 pts …G = 1 point. In addition you must achieve Cs in English Language, English Literature, a Modern Foreign Language, Mathematics and Science. Where a subject is taken at GCSE, you will require a grade C for it if you are taking it at Standard level on the IB and a grade B...

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Course programme

IB Economics

Why study Economics?
The world is becoming smaller largely through Globalisation, the internationalisation of Economics. Many of the problems of the world can be laid at the feet of inefficient or inappropriate economic systems. Economists can influence and change events through the use of models and theories which can be applied to different circumstances. The allocation of resources between, for example, health care and defence, education and transport are economic issues to be dealt with at a governmental level. All of us make economic decisions every day, what to spend our money on, how much to save, which purchase makes the most sense.

The International Baccalaureate in Economics takes a global view of events. As the world gets smaller economies become more closely interlinked and problems and opportunities shared. National crises become international and their policies for their resolution more pressing for us all. We will focus on the theories explaining consumer and business behaviour as well as the economic policies available to government and international bodies. We will also examine the opportunities and constraints facing developing economies and their impacts upon people and societies in those economies.

What will I learn?
You can study IB Economics at Higher or Standard Level. Both levels cover the content below, with higher level students following the extension work referred to.

1. Micro-Economics:
  • The forces of Supply and Demand and their effects upon consumer and producer behaviour. Why do we buy what we buy? Are we really vulnerable to advertising?
  • Different Market Structures and their effects upon consumer and producer behaviour.
  • Market failure results in issues such as pollution, global warming, consumption of non-renewable resources as well as some positive consequences such as waste products for animal feeds etc. This section of the syllabus discusses the causes and consequences of market failure as well as policies used to combat the problems.

2. Macro Economics:
  • Economies need some measure of how well they are doing, one such measure is National Income. We will examine in detail national income calculations as well as the factors that help to generate national income. We will also examine other factors that contribute to a good quality of life.
  • Inflation and unemployment are terms we hear frequently in the news etc. We will be examining their nature, causes, consequences and the economic policies designed to deal with them.
  • At this stage we will also begin to examine the causes of different levels of economic development between countries.
  • Economic policies chosen by governments affect all of our lives, this part of the syllabus introduces us to the basis for, and consequences of, various economic policies.

3. International Economics:
  • We take for granted the vast range of products from all over the world, that we see on supermarket shelves. The ways in which trade takes place, the basis for international payments and the institutions that support trade form the core of this part of the syllabus.

4. Development Economics:
  • Different patterns of economic development have resulted in vast inequalities of wealth and living standards across the world and are a major challenge for individuals and governments now and in the future. We will be looking at different patterns of economic development, obstacles to development as well as examining and evaluating different strategies for development.
How will I learn?
Economics is a subject which lends itself to lots of real world examples. Whilst you will receive a variety of teaching approaches you will look at lots of case studies and contemporary issues. You should be prepared to keep up with current affairs and to express opinions in class discussions etc. You will also receive regular homework and will be expected to make good use of the college†s IT facilities.

What will I be able to do next?
Economics is a widely respected subject which can lead on to further studies in its own right or to careers in Law, Management, Journalism, and Politics amongst a range of others. It provides analytical and model building skills together with general knowledge of current affairs and global issues, as well as being of interest for its own sake.

How will I be assessed?
Higher level students will sit three exam papers comprising 20%, 20% and 40% of the total mark respectively. The remaining 20% of the total mark will come from coursework. The coursework consists of a portfolio of 4 written commentaries of 650-750 words based on News Media Extracts.

Standard level students will sit two exam papers comprising 25% and 50% of the total mark respectively. The coursework is the same as the higher level coursework but contributes 25% of the final mark.

Course costs
Essential: Textbook and Revision Guides, plus ad hoc trips and visits

Total cost is not expected to exceed £60.00 over the two years

Further information on the IB programme
For more information please follow this link IB Programmme or see our IB Diploma School Pack.

Course: IB HL and SL

Entry Requirements For entry to the IB programme you must achieve an average of at least 5.5 points in your GCSEs, based on A* = 8pts, A = 7 pts …G = 1 point. In addition you must achieve Cs in English Language, English Literature, a Modern Foreign Language, Mathematics and Science. Where a subject is taken at GCSE, you will require a grade C for it if you are taking it at Standard level on the IB and a grade B if you will be studying it at Higher level.

IB Economics

Price on request