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INTERNATIONAL BACCALAUREATE ORGANIZATION
ECONOMICS
Economics
February 2003
Updated February 2007
© International Baccalaureate Organization, 2003
Organisation du Baccalauréat International
Route des Morillons 15
Grand-Saconnex, Genève
CH-1218
SWITZERLAND
CONTENTS
INTRODUCTION
1
AIMS
3
NATURE OF THE SUBJECT
4
INTERNATIONALISM IN THE ECONOMICS COURSE
5
OBJECTIVES
6
SYLLABUS OUTLINE
7
SYLLABUS DETAILS
Section 1: Introduction to economics
9
Section 2: Microeconomics
10
Section 3: Macroeconomics
15
Section 4: International economics
18
Section 5: Development economics
21
HIGHER LEVEL ASSESSMENT
Outline
24
Details
25
Criteria
27
STANDARD LEVEL ASSESSMENT
Outline
32
Details
33
Criteria
34
INTERNAL ASSESSMENT CRITERIA
37
INTERNAL ASSESSMENT: THE PORTFOLIO
40
ADDRESSES
43
INTRODUCTION
The International Baccalaureate Diploma Programme is a rigorous pre-university course of studies,
leading to examinations, that meets the needs of highly motivated secondary school students between
the ages of 16 and 19 years. Designed as a comprehensive two-year curriculum that allows its graduates
to fulfill requirements of various national education systems, the Diploma Programme model is based
on the pattern of no single country but incorporates the best elements of many. The Diploma Programme
is available in English, French and Spanish.
The curriculum is displayed in the shape of a hexagon with six academic areas surrounding the core.
Subjects are studied concurrently and students are exposed to the two great traditions of learning: the
humanities and the sciences.
Diploma Programme candidates are required to select one subject from each of the six subject groups.
At least three and not more than four are taken at higher level (HL), the others at standard level (SL).
Higher level courses represent 240 teaching hours; SL courses cover 150 hours. By arranging work in
this fashion, students are able to explore some subjects in depth and some more broadly over the two-year
period; this is a deliberate compromise between the early specialization preferred in some national systems
and the breadth found in others.
Distribution requirements ensure that the science-orientated student is challenged to learn a foreign
language and that the natural linguist becomes familiar with science laboratory procedures. While overall
balance is maintained, flexibility in choosing higher level concentrations allows the student to pursue
areas of personal interest and to meet special requirements for university entrance.
1
Diploma Programme guide:Economics, February 2003
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