IBDP Economics SL Exam Style Practice Questions
IBDP Economic SL
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 SL Paper 1
Unit 1: Introduction to economics
Unit 2: Microeconomics
- 2.1 Demand SL Paper 1
- 2.2 Supply SL Paper 1
- 2.3 Competitive market equilibrium SL Paper 1
- 2.4 Critique of the maximizing behavior of consumers and producers (HL only)
- 2.5 Elasticity of demand SL Paper 1
- 2.6 Elasticity of supply SL Paper 1
- 2.7 Role of government in microeconomic SL Paper 1
- 2.8 Market failure—externalities and common pool or common access resources SL Paper 1
- 2.9 Market failure—public goods SL 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 SL Paper 1
- 3.2 Variations in economic activity—aggregate demand and aggregate supply SL Paper 1
- 3.3 Macroeconomic objectives SL Paper 1
- 3.4 Economics of inequality and poverty SL Paper 1
- 3.5 Demand management (demand side policies)—monetary policy SL Paper 1
- 3.6 Demand management—fiscal policy SL Paper 1
- 3.7 Supply-side policies SL Paper 1
Unit 4: The global economy
- 4.1 Benefits of international trade SL Paper 1
- 4.2 Types of trade protection SL Paper 1
- 4.3 Arguments for and against trade control/protection SL Paper 1
- 4.4 Economic integration SL Paper 1
- 4.5 Exchange rates SL Paper 1
- 4.6 Balance of payments SL Paper 1
- 4.7 Sustainable development SL Paper 1
- 4.8 Measuring development SL Paper 1
- 4.9 Barriers to economic growth and/or economic development SL Paper 1
- 4.10 Economic growth and/or economic development strategies SL Paper 1
Exam Style Questions for IBDP Economics SL Paper 2
Unit 1: Introduction to economics
Unit 2: Microeconomics
- 2.1 Demand SL Paper 2
- 2.2 Supply SL Paper 2
- 2.3 Competitive market equilibrium SL Paper 2
- 2.4 Critique of the maximizing behavior of consumers and producers (HL only)
- 2.5 Elasticity of demand SL Paper 2
- 2.6 Elasticity of supply SL Paper 2
- 2.7 Role of government in microeconomic SL Paper 2
- 2.8 Market failure—externalities and common pool or common access resources SL Paper 2
- 2.9 Market failure—public goods SL 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 SL Paper 2
- 3.2 Variations in economic activity—aggregate demand and aggregate supply SL Paper 2
- 3.3 Macroeconomic objectives SL Paper 2
- 3.4 Economics of inequality and poverty SL Paper 2
- 3.5 Demand management (demand side policies)—monetary policy SL Paper 2
- 3.6 Demand management—fiscal policy SL Paper 2
- 3.7 Supply-side policies SL Paper 2
Unit 4: The global economy
- 4.1 Benefits of international trade SL Paper 2
- 4.2 Types of trade protection SL Paper 2
- 4.3 Arguments for and against trade control/protection SL Paper 2
- 4.4 Economic integration SL Paper 2
- 4.5 Exchange rates SL Paper 2
- 4.6 Balance of payments SL Paper 2
- 4.7 Sustainable development SL Paper 2
- 4.8 Measuring development SL Paper 2
- 4.9 Barriers to economic growth and/or economic development SL Paper 2
- 4.10 Economic growth and/or economic development strategies SL Paper 2