IB Economics

IB Economics Online Tuition in Singapore

IB Economics Tuition

Economics is the study of how individuals, firms, societies and government allocate scarce resources. It teaches us how to make informed decisions and make better choices with the limited resources we have.

The IB Economics program aims to encourage students to be knowledgeable, inquiring, caring and compassionate, and to develop intercultural understanding, open-mindedness and develop the attitudes necessary to respect and evaluate a range of viewpoints. This is consistent with the IB learner profile.
This course emphasizes on real world application of the economic theories. This is evident from the way the course is assessed.

Students can choose to take IB Economics at the Higher level (HL) or Standard level (SL).

HL students need to sit for paper 1, 2 and 3 and complete their Internal Assessment while SL students need to complete their Internal Assessment and sit for paper 1 and 2.

Paper 1                       Extended response paper on microeconomics and macroeconomics

Paper 2                       Data response paper on international and development economics

Paper 3                       HL extension paper on all syllabus content

Internal Assessment Three commentaries of news articles based on different sections of the syllabus

Students are required to provide commentaries on news articles. This gives them the opportunity to relate the concepts learned to real world examples. In order, to do well for this course, students need to read widely. Keeping abreast with the latest economic developments in the world is a must for all IB economics students.

IB Economics comprises of 4 sections:


Competitive markets: demand and supply (some topics HL only)
Government intervention (some topics HL extension, plus one topic HL only)
Market failures (some topics HL)

Theory of Firm and market structure (HL only)


The level of overall economic activity (one topic HL extension)
Aggregate demand and aggregate supply (one topic HL only)
Macroeconomic objectives (some topics HL extension, plus one topic HL only)

Fiscal policy

Monetary policy

Supply-side policies

International Economics

International trade (one topic HL extension, plus one topic HL only)
Exchange rates (some topics HL extension)
The balance of payments (one topic HL extension, plus some topics HL only)
Economic integration (one topic HL extension)
Terms of trade (HL only)

Development Economics

Economic development
Measuring development
The role of domestic factors
The role of international trade (one topic HL extension)
The role of foreign direct investment (FDI)
The roles of foreign aid and multilateral development assistance
The role of international debt
The balance between markets and intervention

How will our IB Economics tutor help you in your preparation?

  • Our IB Economics tutor will help you master the IB Economics topic that you find most challenging
  • You will learn the most updated and effective IB Economics exam skills related to the topic
  • You will master all the IB exam questions that can show up for the topic
  • You will receive a copy of our complete, concise and exam-based IB Economics note
  • You will receive a copy of our IB Economics Question bank, including all question types

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Boost your child’s confidence and ability in Economics

A home learning programme that adapts to your child in learning Economics. We create individual work plans for school students of all level, intelligently tailored to their strengths and weaknesses. Designed to reinforce existing knowledge while gradually introducing new concepts, our tutors are best suited to supplementing school learning at home.

Thousands of learning resources

Packed with exam technique lessons, model answers, progress quizzes and practice exam papers – all for your board examination. We know what it takes to get A* results, and give you the resources to get there.

Optimised learning plan

We create a unique plan based on how long until your exam and how well you know topics of your subject. Whether it’s improving your understanding, practising exam questions or memorising definitions, our tutors calculate the best use of your time.

World class teachers

Our teachers have thousands of hours of teaching experience under their belts. Our teachers work with brilliant minds producing some of the most effective study resources in the world.