IBDP Economics HL & SL – Grade 12 Course Summary
Total Duration: 50 hours
Session Duration: 1.5 hours
Total Sessions: ~34 Sessions
Unit 1: Macroeconomics (Part 2 – Advanced Concepts) - 7 sessions
- Topics Covered:
- Short-run vs long-run aggregate supply (SRAS vs LRAS)
- Equilibrium in the AD-AS model
- Phillips Curve, NAIRU
- HL: Keynesian vs Monetarist interpretations
- Fiscal, monetary, and supply-side policy evaluation
- Activities: Country-specific policy evaluation, essay framing
- Assessment Focus: Paper 1 long-response (evaluation), Paper 2 data interpretation
Unit 2: The Global Economy – International Trade - 6 sessions
- Topics Covered:
- Free trade and protectionism (tariffs, quotas, subsidies)
- WTO, trading blocs, customs unions
- Comparative and absolute advantage
- HL: Terms of trade – calculation and impact
- Activities: Trade diagram drills, policy debates
- Assessment Focus: Diagram-based Paper 2, HL Paper 3
Unit 3: Exchange Rates and Balance of Payments - 7 sessions
- Topics Covered:
- Fixed, floating, managed exchange rates
- Causes and consequences of currency fluctuations
- Components of BoP: current, capital, financial accounts
- HL: Marshall–Lerner Condition, J-Curve
- Activities: Exchange rate scenarios, currency crisis analysis
- Assessment Focus: HL Paper 3 calculations + Paper 2 structured questions
Unit 4: Economic Development - 6 sessions
- Topics Covered:
- Measuring development: HDI, GNI, composite indicators
- Barriers to development
- Aid, debt, trade as strategies for development
- HL: Dual-sector model, microcredit, market vs intervention
- Activities: Country profile deep-dives, comparative development analysis
- Assessment Focus: Paper 1 essays (HL/SL), Paper 2 (evaluative comparison)
Unit 6: Exam Practice and Command Term Training - 6 sessions
- Topics Covered:
- Paper 1: Extended response essay training
- Paper 2: Data response formats and strategies
- HL Paper 3: Quantitative skills (ToT, Gini, Marshall-Lerner, etc.)
- Full-paper simulations with real-time feedback
- Activities: Timed writing tasks, peer review sessions, mark scheme-based analysis
- Assessment Focus: Command terms (“Evaluate,” “Discuss,” “To what extent”), clarity and depth in response