DP Year 2 Economics

The DP Year 2 (Grade 12) Economics curriculum is the culmination of the two-year course, offered at both Standard Level (SL) and Higher Level (HL), and focuses on the application of economic theory to real-world issues across four main units: Microeconomics, Macroeconomics, The Global Economy, and (for HL) extension topics . In the final year, students consolidate their understanding of topics including income distribution and inequality, economic development, international trade, exchange rates, balance of payments, and sustainable development, while HL students additionally explore advanced concepts such as asymmetric information and market power as causes of market failure . Assessment consists of three examination papers (Papers 1 and 2 for all students, plus Paper 3 policy paper for HL only) and an Internal Assessment (IA) portfolio of three commentaries analyzing published news articles through the lens of different key concepts (scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence, intervention) . The final grade is weighted with external examinations contributing 70% (SL) or 80% (HL) and the IA contributing 30% (SL) or 20% (HL).

Subject

Economics

Access

Premium

Create a free student account to unlock lessons, notes, and quizzes for this course.