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Exam questions
Paper 2 style examination questions
This section of the site contains 24 paper two-style questions, written by the authors according to the new syllabus, starting August 2020, but revised for the May 2024 section. Each question is designed...
26 February 2024
Exam questions
Paper 3 style questions (HL only)
This page contains direct links to the paper three type questions on the site. Each question is marked out of 30 and include a policy response question to reflect the new syllabus requirements.
26 October 2023
Exam questions
Paper 1 style examination questions
This section of the site provides you with the opportunity to set examination style questions for the new syllabus, starting August 2020. The following questions are all IB paper 1 in type and include...
1 May 2022.jpg)
Exam questions
Unit 1-2.10: Microeconomics questions
This page contains 11 paper one style questions for the new syllabus. The questions were written by myself based on the information contained in the new curriculum document.1. (a) Explain how the burden...
18 May 2023
Exam questions
The IBO sells the recent IB papers and mark schemes at FollettEach exam and mark scheme costs £1.99 Pounds sterling. Therefore, buying all of the tests and mark schemes for the last four years can be...
10 October 2023
Unit 3: Macroeconomics
Unit 3.1: Measuring economic activity and illustrating its variations
This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the first macroeconomics unit, unit 3.1: Measuring economic activity and...
21 July 2021
Exam questions
Unit 3: Macroeconomics
This page contains 5 paper one style questions for the new syllabus on macroeconomics. The questions were written by myself based on the information contained in the new curriculum document. All questions...
18 May 2023
Unit 3: Macroeconomics
Calculating national income
This lesson focuses on how national income is measured. Your classes will need to understand the fact that national income can be calculated in different ways but that the answer should be the same -...
16 July 2023
Exam questions
Demand and supply, markets, resource allocation and market failure (HL and SL)
This case study focuses on the impact of advances in technology on demand and supply, markets, resource allocation and market failure. This paper can be completed as a homework or classwork exercise and...
24 April 2022.jpg)
Exam questions
Market failure
This data response paper on price controls can be completed as a homework or classwork exercise and should be completed in around 105 minutes. The question and mark scheme is based on the IB approach...
7 July 2023
Unit 3: Macroeconomics
Unit 3.2: Variations in economic activity—aggregate demand and aggregate supply Free
This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the macroeconomics unit, unit 3.2: Aggregate demand and supply. Typically...
21 July 2021
Exam questions
Paper 3 question market structures (HL only)
This page contains two paper three type questions on microeconomics, both written according to the new syllabus. An answer sheet is included on the following page. Allow one hour, 45 minutes for this...
5 March 2024
Units 1-2: Microeconomics
Unit 2.11: Market power (HL only) Free
This is a link page to sub-pages, containing lesson plans and learning activities, which provide activities and lesson plans for the new microeconomics unit, 2.11: Market power. Typically each lesson...
13 July 2023
Unit 3: Macroeconomics
Aggregate demand and supply
This page introduces the concept of aggregate demand and aggregate supply and your students will need to understand that the AD of an economy is the sum of the collective individual demand curves. You...
19 December 2022
Exam questions
Unit 2.11-2.12 questions
This page continues with examination style questions, this time focusing on questions from the section of the course, theory of the firm. The following questions are all IB paper 1 in type and include...
25 March 2022
Textbook
Chapter 2: Microeconomics
This chapter includes the remaining units in microeconomics. Demand and supply make up the market equilibrium section, while the units (1.3-1.5) covered under the old syllabus, are now covered by units...
8 January 2021
Units 1-2: Microeconomics Free
This section of the Inthinking website is devoted to materials that support the new curriculum - that is, the curriculum that will first be assessed in May 2022, as well as the existing one assessed for...
18 May 2023
Textbook
textThe aim of this book is to support students and teachers as they follow the new IB Economics course specification which starts in 2020 and has its first assessment examinations in 2022.
5 April 2021
Exam questions
Real-world examples to support SL and HL paper 1
This section will provide direct access to real-world examples that students can use to support their answers to the questions in paper one of the examination. Each real-world example is set out as a...
6 December 2022
Unit 3: Macroeconomics Free
This is the link page to sub-pages, containing lesson plans and learning activities for the first unit of the IB economics course. Under the new syllabus there is now a specific section entitled 'introduction...
11 December 2020