IB Economics Tutors in Chennai

Economics is a very exciting and dynamic subject that allows students to develop an understanding of the complexities of the economic activities that are happening all around the world. The root of all the economic problems is scarcity. Scarcity in a wider context of words means a shortage of resources. The world has a population of 7 Billion. The population has unlimited needs and wants. Whereas, the resources are limited to satisfy these needs and wants.

There are many institutions all across the country that have various courses lined up in the field of economics but the IB Ace Academy at Chennai is one of the leading institutes across the country. There are two types of levels, the Standard level, and the higher level. The expert faculty at the academy equips students in such a way that they get to know the crude tools of business and economy and various factors encompassing them. They give comprehensive training to the students of the extensive curriculum. 

One should be passionate about the subject and have determined as the students compete with the IB students worldwide. The IB tutors know all about the differences in the syllabus and will guide the students properly. There is a paper-wise as well as a level-wise breakdown of the syllabus. Economics is a science that culminates academic study with the acquisition of practical and investigational skills. Getting to know about the economics of the country will work in one’s favor as one’s perspective is widened. It also helps students develop a keen sense of understanding.

The IB Economics course help students navigate various models and theories and apply them using empirical data.


In these following sections we will explore the paper wise breakdown of the subject with two different levels of HL and SL. The IB Economics Tutors in Chennai by the IB Ace Academy will teach you paper wise strategies for the same

Paper NumberHLSL
Paper 1Extended response paper based on all units of the syllabus Time Limit = 1 hour 15 mins Weightage = 20%Extended response paper based on all units of the syllabus Time limit = I hour 15 minutes Weightage = 30%
Paper 2Data response paper based on all units of the syllabus Time Limit = 1 hour 45 minutes Weightage = 30%Data response paper based on all units of the syllabus Time Limit = 1 hour 45 mins Weightage = 40%
Paper 3Policy paper based on all units of the syllabus. Time Limit = 1 hour 45 minutes Weightage = 30%                       NA


The IB Economics Ace Academy experts are very informed about the syllabus and are updated about time to time changing about the syllabus. The IB Economics Tutors at the Ace Academy will help you plan your course throughout the two years very easily.

The core syllabus as well as the additional higher level syllabus is given below in red :-

Syllabus ComponentsRecommended Teaching Hours
Unit 1: Introduction to economics 1.1 What is economics? 1.2 How do economists approach the world?  10 for HL and SL  
Unit 2: Microeconomics 2.1 Demand 2.2 Supply 2.3 Competitive market equilibrium 2.4 Critique of the maximizing behaviour of consumers and producers 2.5 Elasticity of demand 2.6 Elasticity of supply 2.7 Role of government in microeconomics 2.8 Market failure—externalities and common pool or common access resources 2.9 Market failure—public goods 2.10 Market failure—asymmetric information 2.11 Market failure—market power 2.12 The market’s inability to achieve equity        35 for SL 70 for HL
Unit 3: Macroeconomics 3.1 Measuring economic activity and illustrating its variations 3.2 Variations in economic activity— aggregate demand and aggregate supply 3.3 Macroeconomic objectives 3.4 Economics of inequality and poverty 3.5 Demand management (demand-side policies)—monetary policy 3.6 Demand management—fiscal policy 3.7 Supply-side policies There are HL extensions for each chapter.    40 for SL 75 for HL
Unit 4: The Global Economy 4.1 Benefits of international trade 4.2 Types of trade protection 4.3 Arguments for and against trade control/ protection 4.4 Economic integration 4.5 Exchange rates 4.6 Balance of payments 4.7 Sustainable development 4.8 Measuring development 4.9 Barriers to economic growth and/or economic development 4.10 Economic growth and/or economic development strategies There are HL extensions for each chapter.        45 for SL 65 for HL

The IB Tutors help students in the following ways

Keeping up with the issues the world is grappling with 

The conscious choices which are made by the economic agents that are consumers, producers and governments generate positive as well as negative outcomes. These outcomes affect the well-being of society. These postulates are drawn with the help of many theories. One should have a bird’s eye on all the issues the world is currently grappling with. Having a bird’s eye on all these problems will make a person aware and it will help him forge his path. It will compel him to think differently. Thus, the student gets acquainted with all the issues and he doesn’t have difficulty studying for the IB Economic examination as he develops a keen interest in the subject. The IB tutors help the students with all the mandatory sessions. It takes them only two tuition sessions per week to complete the curriculum. They follow a quintessential approach when it comes to teaching the students about this subject.

  1. Learn about the market policies

The market policies are changing every day. There are different petitions which are being passed and various laws that are being imposed. Economic growth and increased efficiency are two prominent goals. The intervention of the government is an extremely significant concept that appears in the course. The IB tutors encourage the students to critically evaluate the balance between the forces of the market in the private sector. The expert faculty also keeps a separate Q&A session for the students wherein there are asked about their opinions and perceptions regarding various policies. The students are encouraged throughout the session to do detailed research about the current real-world issues.

The external assessments have two examinations for the standard level and three examinations at the higher level.

  • Going through the previous question papers

It is a known fact that the IB board of examination follows a tailor-made approach for the exams. There is no repetition of a single question. They follow a tailor-made approach for setting the question paper. The weightage for each question and topic is mentioned in the curriculum. The paper pattern is the same and doesn’t change. The IB Chennai tutors also monitor the areas where the students are lagging and prepare them accordingly. A separate session is conducted for these students who are facing extreme difficulties regarding any topic or concept. The expert faculty also conducts a one-on-one session based on the student’s request.

The IB tutors have formulated all the strategies for the examination. One just needs to follow the path. It is the path that is not less traversed and there are various testimonials of success.

  • Practicing through textbooks

The E-books are the key to understanding various topics. Many publications offer high-quality IB syllabus. They help the students get a good grasp of the subject.

It often happens that the handbook you refer to in your school is outdated and doesn’t have the latest syllabus. You don’t need to worry about it as Ace Academy has got everything covered for you! 

They have an entire database dedicated to all the study material for IB Economics. This data booklet helps you tread the path for the examination.

If you want a free trial class, contact us!

These are the schools that we currently help with their IA, EE, TOK and all their Economics enquiry

Aditya Birla World Academy
Ahmedabad International School
Akshar Árbol International School
American Embassy School
American International School-Chennai
American School of Bombay
Amity Global School
Apeejay School International , South
Ascend International School
B.D. Somani International School
Bangalore International School
Bombay International School
Bunts Sanghas S M Shetty Intl School and Junior College
Calcutta International School
Calorx Olive International School
Cambridge International Foundation School
Canadian International School
Candor International School
Chinmaya International Residential School
CHIREC International
Choithram International
Christ Church School
Christ Junior College
Christ Junior College – Residential
CPS Global School
D Y Patil International School
D Y Patil International School
D Y Patil International School, Nerul
DPS Ghaziabad
Dhirubhai Ambani International School
Don Bosco International School
DPS International
Dr. Pillai Global Academy
Dr. Pillai Global Academy, New Panvel
DSB International School
Eastern Public School
Ebenezer International School Bangalore
Ecole Mondiale World School
Edubridge International School
Elpro International School
Excelsior American School
Fountainhead School
Garodia International Centre for Learning, Mumbai
Gateway International School
GD Goenka World School
Genesis Global School
Goldcrest International
Good Shepherd International School
GPS Brookes Kochi
Greenwood High
HFS International
Hill Spring International School
Hiranandani Upscale School (HUS)
India International School
Indus International School Hyderabad
Indus International School, Bangalore
Indus International School, Pune
International School of Hyderabad
Jain International Residential School
Jamnabai Narsee International School
Jayshree Periwal International School
JBCN International School, Oshiwara
DRS International School
JBCN International School, Parel
JG International School
Johnson Grammar School ICSE
KC High
KiiT International School
Kodaikanal International School
Kohinoor American School
Lalaji Memorial Omega International School
Lancers International School
Legacy School
M.Ct.M.Chidambaram Chettyar International School
Mahindra International School
Billabong High International School Thane
Mahindra United World College
Mainadevi Bajaj International School
Manchester International School – Coimbatore
Modern High School for Girls
Mody International School
Mount Litera School International
Mussoorie International School
Nahar International School
Navrachana International School,Vadodara
Neerja Modi School
Neev Academy
NES International School Mumbai
NEXT School
Oakridge International School
Oakridge International School
Oakridge International School, Bangalore
Oakridge International School, Visakhapatnam
Oberoi International School
Oberoi International School – JVLR Campus
Pathways School Gurgaon (NCR South)
Pathways School Noida
Pathways World School
Podar International School
Podar ORT International School, Worli
RBK International Academy
Prometheus School
Redbridge international Academy
Rockwell International School
Rungta International School
Sangam School of Excellence
Sanjay Ghodawat International School
Sanskar School
Scottish High International School
Seedling International Academy
Sharanya Narayani International School
Shiv Nadar School Noida
Singapore International School
Silver Oaks International School Bangalore
Smt. Sulochanadevi Singhania School
Sreenidhi International School
Step by Step School
Stonehill International School
Strawberry Fields High School
Suncity School
SVKM International School
Symbiosis International School
The Aga Khan Academy Hyderabad
The British School
The Cathedral and John Connon School
The Cathedral Vidya School, Lonavala
The Doon School
The Galaxy School
The Gaudium School
The Heritage School
The Heritage School
The Indian Public School – Chennai
The Indian Public School-Coimbatore
The International School Bangalore
The Shri Ram School
The Universal School
The White School International
TRIO World Academy
Trivandrum International School
Victorious Kidss Educares
Vidsan Charterhouse
Vishwashanti Gurukul
Wockhardt Global School
Woodstock School

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