Economics Articles

Introduction to Economics

Scarcity, Choice and Opportunity Cost in IB Economics

A clear introduction to scarcity, choice, opportunity cost and the core foundations of IB Economics.

May 7, 2026

8 min read

Microeconomics

Microeconomics

Microeconomics in IB Economics: Individuals, Firms, Markets and Government Intervention

A clear overview of IB Microeconomics, covering demand, supply, market equilibrium, elasticity, government intervention and market failure.

Price Elasticity of Demand: How Responsive Consumers Are to Price Changes

A clear IB Economics explanation of price elasticity of demand, including elastic and inelastic demand, determinants of PED and total revenue effects.

Price Elasticity of Supply: How Responsive Producers Are to Price Changes

A clear IB Economics explanation of price elasticity of supply, including elastic and inelastic supply, determinants of PES and why producer responsiveness matters.

May 7, 2026

7 min read

Macroeconomics

Macroeconomics

Macroeconomics in IB Economics: GDP, Inflation, Unemployment, Growth and Policy

A clear overview of IB Macroeconomics, covering GDP, inflation, unemployment, economic growth, inequality and demand-side and supply-side policies.

Inflation in IB Economics: Causes, Effects and Why Rising Prices Matter

A clear IB Economics explanation of inflation, including how it is measured, demand-pull inflation, cost-push inflation, effects and policy responses.

May 7, 2026

8 min read

Global Economics

Global Economics

Global Economics in IB Economics: Trade, Exchange Rates, Development and International Connections

A clear overview of IB Global Economics, covering trade, protectionism, exchange rates, balance of payments, development and international interdependence.

Growth vs Development in IB Economics: What Is the Difference?

An IB Economics-friendly explanation of the difference between economic growth and economic development, including why growth does not always mean better welfare and why development is broader than GDP alone.

Apr 5, 2026

7 min read

Study Resources

Study Resources

Rethinking Monetary Policy in IB Economics: From Money Supply to Interest-Rate Rules

Why the IB Economics syllabus should move away from money-supply stories and instead teach how modern central banks set policy interest rates using rules like the Taylor rule, and what this means for SL and HL students in an age of AI-powered learning.

Why You Should Choose IB Economics as Your Group 3 Subject

Trying to decide whether IB Economics belongs in your six‑subject line‑up? Here’s a straight‑talking guide that weighs the pros, cons, difficulty level, and career pay‑offs so you can make an informed pick.

IB Economics Key Concepts: Scarcity, Choice, Efficiency, Equity & More

From scarcity to sustainability, get a student‑friendly crash course on the nine official IB Economics key concepts—and learn how they weave through Micro, Macro, the Global Economy and real‑world exam questions.

8 min read

IB Statistics

IB Economics Statistics

How Many Students Take the IB? November 2023 Numbers at a Glance

Wondering how big the International Baccalaureate really is? New data from the November 2023 Statistical Bulletin shows 20,266 students registered worldwide—here’s the breakdown, the trend, and why the May session makes the total IB cohort far larger.

4 min read

IB Economics Statistics

IB Economics May 2024 Results: How Many 7s? What’s the Average Grade?

Fresh data from the May 2024 IB Statistical Bulletin reveal that roughly 4,200 students nailed a grade 7 in Economics, the mean sits at 5.0, and about 2,100 HL candidates scored below a 4. Here’s the breakdown—plus a quick comparison with Business Management.

4 min read

IB Economics Statistics

What Subject Do Students Write Their IB Extended Essays In? May 2024 Top‑10 List Reveals All

English A stays dominant, History holds second place, and Economics sneaks into the Top 10. Here’s how 95 k Extended Essays were distributed in the May 2024 session.

4 min read