IB Economics HL - Real World Examples

These case studies use real world examples (RWEs) to help IB Economics Higher Level students prepare for Paper 2 and Paper 3. The case studies will range from full Paper 2 and Paper 3-style questions to smaller case studies focused on particular syllabus topics and subtopics. Each case study includes sample answers and mark schemes to help guide you in answering these HL papers appropriately.

How do I use this resource?

Full-Length Data Response Questions

Exam style questions (Paper 2 & Paper 3)

Focused Data Response Questions

Topic specific questions (paper 2 & paper 3)

Full-Length Data Response Questions

Exam style questions (Paper 2 & Paper 3)

Paper 2

105 mins

Argentina

This case study looks at inflation in Argentina, and the role foreign investment may play in Argentina's future growth and development.

105 mins

Maldives

This case study looks at economic development in the Maldives, with specific focus on the impact of international trade and climate change.

105 mins

Morocco

This case study looks at the role of exports on Morocco's economic growth and development.

RV Gold

105 mins

Colombia

This case study looks at economic growth and development strategies for Colombia.

RV Gold

105 mins

Pakistan

This case study investigates the implications of public debt and the foreign sector for Pakistan's economic growth and development.

RV Gold

105 mins

Cambodia

This case study investigates how Cambodia's economic development is affected by economic integration and Chinese investment.

RV Gold

105 mins

Malaysia

This macroeconomics focused case study investigates the role of market-based supply-side policies in Malaysia (subtopics 3.1 - 3.7).

RV Gold

105 mins

Kazakhstan

This case study investigates the implications of Kazakhstan's efforts to diversify its economy.

RV Gold

105 mins

Sri Lanka

This case study focuses on Sri Lanka's economic crisis of 2022.

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Paper 3

53 mins

Internet Access in Indonesia

A policy paper relating to profit maximisation, price elasticity of demand, and allocative efficiency.

53 mins

Colombian Primary Sector

A policy paper relating to macroeconomic objectives and inequality.

53 mins

Poland Trade

A policy paper relating to economic growth, economic integration, and the balance of trade.

RV Gold

53 mins

The Electric Vehicle Market in the U.S.

A policy paper relating to elasticities of demand, market power, and market failure.

RV Gold

53 mins

The Prescription Drug Market

A policy paper relating to elasticities of demand, asymmetric information, and allocative efficiency.

RV Gold

53 mins

Ethiopia and COMESA

A policy paper relating to trade protection, the trade balance, and inflation.

RV Gold

53 mins

Uganda's Coffee Industry

A policy paper relating to elasticities of demand, monopolistic competition, government intervention, and international trade.

RV Gold

53 mins

Inequality in South Africa

A policy paper relating to elasticities, national output, economic development, and the economics of inequality.

RV Gold

53 mins

Rice in Country X

This microeconomics focused policy paper relates to the price mechanism, elasticities, and behavioural economics (subtopics 2.1 - 2.6).

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53 mins

Green Cement Market

This microeconomics focused policy paper relates to government intervention in the market and market failure (subtopics 2.7 - 2.10).

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53 mins

Indonesia's National Output

This macroeconomics focused policy paper relates to national output (subtopics 3.1 & 3.2).

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53 mins

UK's Post-Pandemic Economy

This macroeconomics focused policy paper relates to macroeconomic objectives and demand management (subtopics 3.3 - 3.6).

RV Gold

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More IB Economics HL Resources

Questionbank

All the questions you could need! Sorted by topic and arranged by difficulty, with mark schemes and video solutions for every question.

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Real World Examples

Data Response Questions based on RWEs to develop skills in analysing and evaluating data that you need for Paper 2 and 3.

Practice Exams

Choose your revision tool! Contains topic quizzes for focused study, Revision Village mock exams covering the whole syllabus, and the revision ladder to precisely target your learning.

Past Papers

Full worked solutions to all past paper questions, taught by experienced IB instructors.