IB Economics HL

IB Economics Higher Level (HL) is one of the individuals and societies courses included in the IB Individuals and Society curriculum. The current IB economics course was introduced in 2023 with the first exams taking place in 2024. The Econ HL course is a traditional human science course, whereby students develop a deep understanding of social studies concepts and interact with both real-world and theoretical problems. The Economics HL course should be considered by students who have moderate to strong analytical skills, and are interested in pursuing courses and pathways involving policy, research, or data analysis after their IB Diploma Program.

The IB Economics HL course consists of four assessment items that contribute to a student’s overall score for the course. There are three exam papers and an internally assessed portfolio of three commentaries. Paper 1 consists is an extended response paper, Paper 2 is a data response paper, and Paper 3 is a policy paper. The use of a calculator is prohibited for Paper 1, but permitted for Papers 2 and 3.

There are two phases students progress through in their two-year IB Economics HL course: the learning phase and the revision phase. The learning phase occurs in class, with their teacher and textbooks, where students first encounter and explore economic concepts and consolidate their understanding by working through questions specific to the concept they are studying. The revision phase, which is what Revision Village is specifically designed for, is when students consolidate their understanding of all of the concepts in the Econ HL course and appreciate how the concepts are connected. In the revision phase, the most effective strategy is to practice lots of IB Economics HL exam questions to build confidence, reach mastery, and be prepared for the Economics HL examinations.

Revision Village is specifically designed to support IB students in the revision phase of their IB Economics Higher Level course. Revision Village has four main sections, each for different revision purposes: 1) Questionbank: a large library of IB Economics HL exam questions categorised by topic and ordered by difficulty, 2) Practice Exams: a carefully designed set of quizzes and mock papers for students to use in their final phase of revision, 3) Past Paper Video Solutions: step-by-step video tutorials of past Econ HL exam questions, taught by experienced IB Teachers, and 4) Real World Examples: medium length case studies where students can practice their Paper 2 and Paper 3 skills while acquiring relevant RWEs across the syllabus. Revision Village is the perfect place for IB students to learn, practice and prepare for their IB Economics exam stress-free, with all of the resources they need in one place.