Economics

Course summary

The study of Economics helps to develop a critical, analytical mind that challenges any preconceived notions regarding how the economy works. Some of the profoundly important questions you will be asked include: does China threaten or improve our standard of living? Will India’s style of growth reduce poverty quickly enough? Is the discovery of oil a good thing? Why is Zimbabwe economically shrinking? Does the World Bank and the WTO represent the global community? If these questions intrigue you, then Economics offered as part of the IB Diploma will provide you with a way of analysing them. You will be introduced to a number of formal, theoretical models which will aid you in your study of the world’s economies. You will be expected to think independently about particular economic issues, be they local, national and international, as well as be encouraged to discuss your views to develop your critical distance: the ability to step back from the discussion and analyse the assumptions it may be resting on is an essential skill promoted through the IB.