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IB Economics SL and HL

(2-year course)


Grades: 11–12 (two-year course)

Subject Area/Course Credit: Social Studies, 1 credit each year

Prerequisite: SL no prerequisite. To enroll in HL students should earn a B or above in History II, or C in AP World History, AND B+ in Math 2C, or C+ in Math 2B or C- in Math 2A, OR a teacher recommendation.

IB Economics SL is a dynamic two-year course that addresses one of society’s most pressing problems: scarcity. The world’s resources are finite, but the wants and needs of mankind are seemingly infinite. Economics seeks to understand the function of markets, their successes and failures in the allocation of scarce resources across society, and the interaction of individuals, firms, and nations as they engage in voluntary exchange with one another in the economic sphere. HL content is comprised of topics that are extended from the core syllabus, including areas such as Economics of the Environment, Asymmetric Information, and Market Power.