Unit 1.2: Economics as a social science

IB Economics: Unit 1.2: Economics as a social science

This lesson is the beginning of the the IB economics course and addresses the beginning concepts of the course. It is important for your students to understand the difference between statements which can be proven and those which cannot be. However, in many cases a normative statement may very well be universally accepted as true. For example in economics it is widely accepted that when governments reduce tax rates...

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