IBDP Economics HL Exam Style Practice Questions
IBDP Economic HL
Economics is an exciting, dynamic subject that allows students to develop an understanding of the complexities and interdependence of economic activities in a rapidly changing world.
Analytical Skills: Economics involves critical thinking, data analysis, and a deep understanding of economic theories and concepts. Universities often value students who can think analytically and apply economic principles to real-world situations.
Versatility: Economics is a versatile subject that can be applied to various fields such as business, finance, public policy, and international relations. Universities may appreciate the flexibility and broad applicability of an economics background.
Mathematical Rigor: Economics often involves quantitative analysis and mathematical models. If you are comfortable with math and enjoy applying it to real-world scenarios, studying economics at the HL level could be beneficial.
Subject Guide IBDP Economic IBO
IBDP Economic All Courses
Exam Style Questions for IBDP Economics HL Paper 1
Unit 1: Introduction to economics
Unit 2: Microeconomics
- 2.1 Demand HL Paper 1
- 2.2 Supply HL Paper 1
- 2.3 Competitive market equilibrium HL Paper 1
- 2.4 Critique of the maximizing behavior of consumers and producers (HL only)
- 2.5 Elasticity of demand HL Paper 1
- 2.6 Elasticity of supply HL Paper 1
- 2.7 Role of government in microeconomic HL Paper 1
- 2.8 Market failure—externalities and common pool or common access resources HL Paper 1
- 2.9 Market failure—public goods HL Paper 1
- 2.10 Market failure—asymmetric information (HL only)
- 2.11 Market failure—market power (HL only)
- 2.12 The market’s inability to achieve equity (HL only)
Unit 3: Macroeconomics
- 3.1 Measuring economic activity and illustrating its variations HL Paper 1
- 3.2 Variations in economic activity—aggregate demand and aggregate supply HL Paper 1
- 3.3 Macroeconomic objectives HL Paper 1
- 3.4 Economics of inequality and poverty HL Paper 1
- 3.5 Demand management (demand side policies)—monetary policy HL Paper 1
- 3.6 Demand management—fiscal policy HL Paper 1
- 3.7 Supply-side policies HL Paper 1
Unit 4: The global economy
- 4.1 Benefits of international trade HL Paper 1
- 4.2 Types of trade protection HL Paper 1
- 4.3 Arguments for and against trade control/protection HL Paper 1
- 4.4 Economic integration HL Paper 1
- 4.5 Exchange rates HL Paper 1
- 4.6 Balance of payments HL Paper 1
- 4.7 Sustainable development HL Paper 1
- 4.8 Measuring development HL Paper 1
- 4.9 Barriers to economic growth and/or economic development HL Paper 1
- 4.10 Economic growth and/or economic development strategies HL Paper 1
Exam Style Questions for IBDP Economics HL Paper 2
Unit 1: Introduction to economics
Unit 2: Microeconomics
- 2.1 Demand HL Paper 2
- 2.2 Supply HL Paper 2
- 2.3 Competitive market equilibrium HL Paper 2
- 2.4 Critique of the maximizing behavior of consumers and producers (HL only)
- 2.5 Elasticity of demand HL Paper 2
- 2.6 Elasticity of supply HL Paper 2
- 2.7 Role of government in microeconomic HL Paper 2
- 2.8 Market failure—externalities and common pool or common access resources HL Paper 2
- 2.9 Market failure—public goods HL Paper 2
- 2.10 Market failure—asymmetric information (HL only)
- 2.11 Market failure—market power (HL only)
- 2.12 The market’s inability to achieve equity (HL only)
Unit 3: Macroeconomics
- 3.1 Measuring economic activity and illustrating its variations HL Paper 2
- 3.2 Variations in economic activity—aggregate demand and aggregate supply HL Paper 2
- 3.3 Macroeconomic objectives HL Paper 2
- 3.4 Economics of inequality and poverty HL Paper 2
- 3.5 Demand management (demand side policies)—monetary policy HL Paper 2
- 3.6 Demand management—fiscal policy HL Paper 2
- 3.7 Supply-side policies HL Paper 2
Unit 4: The global economy
- 4.1 Benefits of international trade HL Paper 2
- 4.2 Types of trade protection HL Paper 2
- 4.3 Arguments for and against trade control/protection HL Paper 2
- 4.4 Economic integration HL Paper 2
- 4.5 Exchange rates HL Paper 2
- 4.6 Balance of payments HL Paper 2
- 4.7 Sustainable development HL Paper 2
- 4.8 Measuring development HL Paper 2
- 4.9 Barriers to economic growth and/or economic development HL Paper 2
- 4.10 Economic growth and/or economic development strategies HL Paper 2