IB Economics can be followed at both Higher and Standard levels and includes the study of: • Microeconomics (considering concepts such as the basic economic problem, decision making and how individual markets work, the theory of the firm and market failure); • Macroeconomics (considering economic concepts at the level of the economy as a whole, looking at issues such as economic growth, inflation, unemployment and income distribution); • International Development Economics have now combined to be The Global Economy.
No prior knowledge of the subject is assumed and Economics combines well with many other subjects.
Assessment consists of three externally assessed written papers, taken in the summer term of the Upper Sixth Form (80% weighting) as well as internal assessment (20% weighting). Paper 1 examines microeconomics and macroeconomics; Paper 2 examines international and development economics; and Paper 3 (Higher Level only) examines higher-level concepts from all four sections of the course.
About Education Provider
| Region | West Midlands |
| Local Authority | Shropshire |
| Ofsted Rating | |
| Gender Type | Co-Educational |
| ISI Report | View Report |
| Boarding Fee | Unknown |
| Sixth Form Fee | Unknown |
| Address | Ellesmere, SY12 9AB |
IB Economics can be followed at both Higher and Standard levels and includes the study of: • Microeconomics (considering concepts such as the basic economic problem, decision making and how individual markets work, the theory of the firm and market failure); • Macroeconomics (considering economic concepts at the level of the economy as a whole, looking at issues such as economic growth, inflation, unemployment and income distribution); • International Development Economics have now combined to be The Global Economy.
No prior knowledge of the subject is assumed and Economics combines well with many other subjects.
Assessment consists of three externally assessed written papers, taken in the summer term of the Upper Sixth Form (80% weighting) as well as internal assessment (20% weighting). Paper 1 examines microeconomics and macroeconomics; Paper 2 examines international and development economics; and Paper 3 (Higher Level only) examines higher-level concepts from all four sections of the course.