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IB Economics is the best subject to study for those interested in economics, but it’s never been too easy for students. IB economic SL studies economic theory and its applications in the world today. The IB students interpret economic data and statistics, apply relevant theory, and demonstrate this knowledge using written prose, diagrams, and economic terminology. If you are wondering what’s the toughest topic in IB Economics is? Then keep reading and scrolling down, as we have the right answer for you.
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What are the topics in IB Economics –
IB Economic programs are widely taught in all international schools because of the benefits that this program brings to students. Why have the subjects of IB economics become an obsession for students? This is to be able to learn economics very well. Students are required to understand the content clearly for each topic to understand the main pointers and to allocate time appropriately. Topics in the IB economics course are divided into 4 units –
Unit 1: Introduction to economics
Unit 2: Microeconomics
Unit 3: Macroeconomics
Unit 4: The global economy
Additionally, students will not just learn theory but also gain additional knowledge related to applications like data analysis, business analysis, etc. Based on each chapter, students will access topics like price index, growth, GDP, the balance of payments, surplus, and deficit.
What’s the most difficult topic in IB Economics?
IB economics has hard knowledge. The subject requires you to be proficient in specialized English, economics, and math. This is because many topics require one to be good at maths skills to use their mind. If you want to score 7 in IB Economics, you will need to be able to think critically and logically to complete the sections of this course very well. You will also need to note that the test requires a lot of knowledge and skills in analyzing and presenting case studies.
All 4 topics of IB economics have their difficulties, like the short run, long run, profit revenues, monopoly, and oligopoly. It requires you to memorize the definitions respectively graph, if you understand the concept very well, then it will be easy for you. Well, that’s quite difficult to stay which is the toughest topic in IB economics because each student has their strengths and interests in certain content. Some of them would like to study macroeconomics, but others would like to study the global economy. Once you get to know what the difficult topic is for you, it is best to make extra efforts on it.
How to get high results in IB economics?
Students need to be sure that they understand the topics properly. The main part of each topic is that they need to grasp and then allocate them properly to avoid the case of learning multiple topics at the same time. In addition to it, you will need to spend more time relaxing in outdoor activities which will make you feel more comfortable and more open-minded to new knowledge.
You can develop the skill of reading newspapers or magazines on Economics, which is also a great way for you to relax, besides it is also a way for you to learn more about changes in the economy. If self-study is hard or you want to gain additional external knowledge, finding a reputable IB economic learning center to receive knowledge and experience from teachers will be essential to overcome this subject and even achieve excellent results.
Tricks to cover up the hardest topic of IB economic SL
1. Get familiar with the textbooks –
The textbooks are very useful in helping you build an understanding of economic concepts. Though there may be some extraneous information you may not need to know. The detailed explanations of the textbooks provide you with a lot of useful real-life examples to support your arguments in papers 1 and 2.
2. Make your notes –
While the textbooks compile all the related knowledge about this course, you may find it easy during the revision. It would be easy for you to make your revision notes handy. So that you can transform the lengthy explanations into concise bullet points.
3. Use practical examples as much as you can –
Writing an essay on Paper I have not required a flair for writing. If your sentences are logical and the essay is well-structured. You can likely score at least a level 3 for the essay. Although one more step to the highest level which is level 4, that requires you to give sufficient examples to support your arguments.
4. Learn the definitions –
There are many common economic terms with definitions that you must memorize for writing on paper. There’s no shortcut. The definitions need to be exactly written in the way it is in the book. You can maintain a list of all the terms and definitions in one place that you need to remember. Another thing you can do is to always highlight the keywords within the definitions.
Conclusion –
To win the competition and score good numbers, identify your weaker areas and work on them. Don’t miss out on any points. Also, don’t skip the diagrams and details. You can take your notes and re-memorize some specific points or practice drawing diagrams. Hopefully, this article will help you increase your production efficiency and attain you 7 in IB Economic SL.
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