Part of the IB subject group 3 individuals and societies, Economics SL is the study of economic theory and its applications in the world today. Students interpret economic data and statistics, apply relevant theory, and demonstrate this knowledge using written prose, diagrams and economic terminology.
What is different in taking Economics SL online?
Students will have the opportunity to:
- access source material in a variety of media
- learn at their own pace and in a location of their choice
- study alongside students from around the world
- gain experience of using the latest online learning tools
- regularly communicate with teachers and fellow students
Themes covered through the course
Economics SL is divided into four sections:
- microeconomics which covers competitive markets, elasticity, government intervention, and market failure
- macroeconomics which looks at the level of overall economic activity, aggregate demand and aggregate supply, macroeconomic objectives, fiscal, monetary and supply-side policies
- international economics which involves learning about international trade, exchange rate, the balance of payments and economic integration
- development economics which looks at economic development and how it is measured, the role of domestic factors, international trade, foreign direct investment (FDI), foreign aid and multilateral development assistance and international debt, and finally the balance between markets and intervention
Activities and assessment
The emphasis is on learning actively together and activities include live online discussions, creating presentations, learning from videos and interactive exercises. Throughout the Economics SL course, students engage in online discussions, debates, article analysis, blogs and wiki activities and group research projects.
Students are assessed through the use of quizzes and tests. We also provide traditional activities such as essay writing to prepare them for the exams.
Assessment will be both formative and summative and in accordance with IB criteria.
Advice from our teachers
In order to succeed in Economics SL, we recommend students set aside five to six hours a week.
Benefits to students
Taking Economics SL online will enable students to:
- learn real world applications of economic theory
- understand how macro- and micro-economies work
- meet and study with students and teachers from around the world.
- become experienced in a wide range of technical and social tools
- develop 21st century skills like time management, communication and digital literacy which are much in demand by employers
Words from our students
I could do my work whenever I wanted, not just when I had to go to class but when I actually wanted to learn.
I think this type of stimulating, inclusive learning experience epitomises everything that is right with the IB ethos. I have only to thank my teacher and the Pamoja Education staff for making the past two years the best of my academic life.
You have several ways to contact everyone and you always interact with everyone weekly through discussions.
My online learning experience definitely taught me self-motivation and that’s been so important for starting university.
The course was rigorous and challenging, yet at the same time provided me with freedom and independence which taught me self-discipline and encouraged me to organize my workload.
The online Math HL course has prepared me for university in ways that a traditional course cannot, both in terms of the quality of the teaching, and of the time management skills that I developed during the course.
Interacting with people from other countries all over the world and other cultures brings in more of the IB idea, where we’re a global community and we can interact with each other using the internet.
You really learn how to schedule your own time. I think it prepares you for college, when you have fewer classes and more flexibility with your time.
The online Mandarin ab initio course allows me to make a personal connection to my teacher. I have weekly conversations with an online tutor that the Pamoja Education system sets up so that we can practice our speaking.