The IB or International Baccalaureate is an International diploma program and it is a global leader in the international education. It is instrumental in developing, inquiring young ignited minds in order to pace up their career. The IB program is the program that empowers the students to take ownership of their learning and helps them develop future-ready skills and make a difference in the world that changes fast. The IB tutors are delivering a powerful continuum of students- centric learning for the students. The IB Ace Academy in Mumbai is at the forefront in providing a solid, consistent framework and the flexibility to tailor student’s education according to the culture and context.
This program enables the students to develop young, resilient and self-motivated people acquire the knowledge that could shape their career in such a way that the foundation becomes very strong. The IB has many distinguished leaders such as the board of governors, the director general, senior leadership. Well, you might have stumbled upon the word ‘Economics’. It has a very wider perspective Economics is a social science that is concerned with the production, distribution, and consumption of the services as well as the goods. It also focuses on the actions of the human beings. These actions are based on the assumptions that the humans act with rational behavior. They seek the most optimal level of benefit or utility.
The course of economics is divided into two parts-
- Higher level.
- Standard level.
The expert faculty at the Ace Academy knows about all the differences in the syllabus and will guide you exactly. The IB tutors help you with the paper wise and the level wise breakdown of the syllabus. We all know that achieving a feat of 7 is not very easy. Economics is a human science that deals with the practical and investigational skills.
Structure
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 Mumbai by the IB Ace Academy will teach you paper wise strategies for the same
| Paper Number | HL | SL |
| Paper 1 | Extended 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 2 | Data 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 3 | Policy paper based on all units of the syllabus. Time Limit = 1 hour 45 minutes Weightage = 30% | NA |
Syllabus
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 Components | Recommended 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 at Ace Academy Mumbai help you put up with the following guidelines-
- Start from the scratch
We all are acquainted with many subjects such as English, Math, Science etc. These subjects are introduced to us in the former years of our life. But, economics might be an entirely new subject to many people as it comes into picture later on in life. The primary focus of the subject is the analysis and description of the production, distribution of the goods and services. This subject is based heavily on math and statistics. The tutors help the students understand the importance of the subject first. Having a major in economics might be a great advantage for you. It increases the value of your CV. Analysis is the major overriding factor in economics. It is the ability to break down the material into individual components for gaining a better understanding of its organizational structure.
- Looking at specific concepts through past papers
Many students tend to study the chapters individually. However, it is important to focus on the value of the past papers involved. The IB examiners make unique tailor made questions. These questions are not repeated at all. It takes less than two tuition sessions per week for the IB tutors to cover the topics. The structure and the degree of the toughness of the questions can give you an idea about what comes in the paper. The IB tutors make the students study specific paper structures. They also formulate techniques for managing time properly. It is one of the toughest tasks to do but the IB tutors manage to pull it off flawlessly. They have a separate database for providing Economics papers and the handwritten notes.
- Preparing mind-maps and presentations
It is a known fact that the visuals help us remember the things in a better and efficient way. Some topics of economics might be difficult from the others. The IB tutors can arrange presentations of topics that are difficult as it helps them understand the topics in a better way. The various slides they use are full of illustrations. The expert faculty enhances the learning experience. The IB Ace Academy at Mumbai also makes sure that they take the assessments of the students after every topic so that they would get to know where the particular student lie. It helps them gauge the performance of the student.
- Practicing through textbooks
No matter how much study material you have at your disposal, you should never stop practicing through the textbooks as textbooks are the blueprint for a particular subject. The IB tutors have also come up with E-books for understanding the key concepts of various topics. There are more than 7 publications that offer a high quality IB syllabus. Students also follow many handbooks. The latest editions of the handbooks are in the database of the IB tutors.
The e-books that the expert faculty provide are very interactive and the economic tutors at Mumbai also help you learn through various simulations and interactions.
Under the expert guidance of the IB tutors, you can succeed in your endeavour. If you want to avail a free trail class, call now
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 |
| C P GOENKA INTERNATIONAL SCHOOL |
| Calcutta International School |
| Calorx Olive International School |
| Cambridge International Foundation School |
| Canadian International School |
| Candor International School |
| CHATRABHUJ NARSEE 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 |
| SARALA BIRLA ACADEMY |
| Scottish High International School |
| Seedling International Academy |
| Sharanya Narayani International School |
| SHIV NADAR SCHOOL GURUGRAM |
| 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 |
