Year 11 IB Assessment Booklet 2019

YEAR 11 ECONOMICS IB (HL and SL) COURSE OUTLINE

SEMESTER ONE:

SEMESTER TWO

Section 1: Microeconomics

Section 2: Macroeconomics

• Scarcity, opportunity cost • Production possibilities • Economic growth vs development • Demand and supply • Elasticity • Government intervention in the market • Market failure • Market structures

• Aggregate demand and supply • Macroeconomic objectives • Fiscal policy • Monetary policy • Supply side policies

ASSESSMENT OUTLINE

SEMESTER ITEM

OBJECTIVES DATE

Commentary 1

1,2,3,4

WB 18 March

ONE

Formative Paper 1 and 2

1,2, 3,4

WB May 7

Commentary 2

1,2,3,4 1,2,3,4

WB 19 August

TWO

Formative Paper 3

WB 11 November

The assessment objectives and weightings for each in IB Economics are as follows:

Assessment objectives

SL/HL Paper 1

SL/HL Paper 2

HL Paper 3

SL/HL Internal assessment

Overall

1.1. Knowledge and

30%

35%

30%

20%

30% (SL) 30% (HL) 30% (SL) 30% (HL) 25% (SL) 20% (HL) 15% (SL) 20% (HL)

understanding

1.2. Application and analysis

30%

30%

30%

35%

1.3. Synthesis and evaluation

20%

25%

0%

25%

1.4. Selection, use and

20%

10%

40%

20%

application of a variety of appropriate

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