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IB Economics SL
Questionbank

The IB Economics SL (Standard Level) Questionbank is a great source of practice questions, coming from the entire syllabus! Each question comes with a clear markscheme and solution video, with an experienced IB teacher going through the question step-by-step. The questions are organized by topic and arranged by difficulty, making it the perfect resource for studying a particular concept.

Topic 1

Foundations

Topic 1 All

All Questions in Topic 1 Foundations

Open Study

Scarcity, Choice, and the PPC

Scarcity, Choice, Opportunity Cost, Production Possibilities Curve, Circular Flow Model

Open Study

How Economists Approach the World

Economic Methodology, History of Economic Thought

Open Study

Topic 2 - Part I

Microeconomics Part I

Topic 2 - Part I All

All Questions in Topic 2 - Part I Microeconomics Part I

RV Free

Demand & Supply, Equilibrium

Law of Demand, Law of Supply, Determinants of Demand & Supply, Equilibrium, the Price Mechanism, Allocative Efficiency

RV Free

Elasticities

Price Elasticity of Demand (PED), Income Elasticity of Demand, Price Elasticity of Supply (PES)

RV Free

Topic 2 - Part II

Microeconomics Part II

Topic 2 - Part II All

All Questions in Topic 2 - Part II Microeconomics Part II

RV Gold

Government Intervention

Taxes, Subsidies, Price Controls, Impact of Government Intervention

RV Gold

Market Failure

Negative Externalities, Positive Externalities, Common Pool Resources, Common Access Resources, Public Goods

RV Gold

Topic 3

Macroeconomics

Topic 3 All

All Questions in Topic 3 Macroeconomics

RV Gold

Economic Output, AD & AS

Economic Activity, Business Cycle, Aggregate Demand, Aggregate Supply, Keynesian & New Classical/Monetarist Views of AS

RV Gold

Macroeconomic Objectives

Economic Growth, Unemployment, Inflation

RV Gold

Inequality & Poverty

Equality and Equity, Poverty, Addressing Poverty and Inequality

RV Gold

Monetary Policy & Fiscal Policy

Monetary Policy, Interest Rates, Fiscal Policy, Evaluating Monetary Policy & Fiscal Policy

RV Gold

Supply-Side Policies

Market-Based Supply-Side Policies, Interventionist Supply-Side Policies, Effectiveness of Supply-Side Policy

RV Gold

Topic 4

The Global Economy

Topic 4 All

All Questions in Topic 4 The Global Economy

RV Gold

Free Trade & Trade Protection

Benefits of Trade, Trade Protection, Arguments For and Against Trade Protection

RV Gold

Economic Integration

Trade Agreements, Trading Blocs, Monetary Unions, World Trade Organization

RV Gold

Exchange Rates & the Balance of Payments

Types of Exchange Rates, Currency Markets, The Balance of Payments (BOP)

RV Gold

Economic Development

Single Indicators of Economic Development, Composite Indicators of Economic Development, Economic Growth

RV Gold

Promoting Economic Growth & Development

Poverty Traps, Economic Barriers, Political and Social Barriers, Economic Growth Strategies

RV Gold

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More IB Economics SL Resources

Questionbank

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

Real World Examples

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

New

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.