Economics

**IB Economics** is a **Group 3** subject in the **International Baccalaureate Diploma Programme (IBDP)**. It explores **microeconomics, macroeconomics, the global economy, and development economics**, with a strong focus on **analytical and evaluative skills, real-world application of economic theory, and quantitative analysis**.

The course is available at **Standard Level (SL, 150 teaching hours)** and **Higher Level (HL, 240 teaching hours)**, with **first assessment in 2024**.

### Assessment at a Glance

| Assessment | Format | SL | HL | Weighting |
|------------|--------|----|----|-----------|
| **Paper 1** | Extended response questions | 1h 15min | 1h 30min | 30% |
| **Paper 2** | Data response questions | 1h 45min | 1h 45min | 40% (SL), 30% (HL) |
| **Paper 3** | Mathematical questions | N/A | 1h | 20% (HL only) |
| **Internal Assessment** | Portfolio of 3 commentaries | 20 hours | 20 hours | 20% |