IB Economics SL A/B

Why do some countries remain poor while others seem to get richer? What is the Federal Reserve System and how can its decisions affect the overall economy? Why does a hurricane in the Gulf of Mexico affect what I pay at the gas pump? Who are Adam Smith and John Maynard Keynes and why do their ideas remain as powerful today as they were when these men were alive? These are some of the many questions that we will tackle in this class. Economics is such an important field in our modern lives that many universities now require at least a year of the subject. This class delves deep into micro and macro economics, including such areas as the study of markets, prices, competition; government regulation and deregulation, inflation, interest rates, and unemployment. We will also study international economics including trade blocs (such as NAFTA and the European Union), free trade and economics, and look at ways certain international agencies are addressing problems of growth and economic development. The class structure includes lecture, audio-visual materials, student reports, and classroom simulations where students act as individual players in a marketplace. Upon completion of the course, students will have an advanced understanding of complex economic concepts.

Course Subject
Course Number
SS535 A/B
Grade Level
Grades 11-12
Course Duration
Full Year, weighted 5.0
Course Credit
1
Prerequisite
Prerequisite: Acceptance into IB program