DP Year 1 Economics

The DP Year 1 (Grade 11) Economics curriculum introduces students to the fundamental principles of microeconomics, including demand and supply, market equilibrium, elasticity, government intervention, and market failure (externalities, public goods) . Students also begin exploring macroeconomics, studying how economists measure economic activity and illustrate its variations through aggregate demand and aggregate supply models, while Higher Level students additionally cover theory of the firm, behavioral economics, and advanced policy analysis . The course emphasizes applying economic theories and models to real-world issues, with students developing skills in data analysis, policy evaluation, and critical thinking . Assessment preparation includes understanding the structure of external examinations (Papers 1 and 2, plus Paper 3 for HL) and beginning work on the internal assessment portfolio—three commentaries analyzing news articles through the lens of different syllabus sections.

Subject

Economics

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