IB Economics, SL and HL.

The only interactive course with a tutor that finds your weak spots and fixes them.

The whole course, SL and HL

  • Unit 1: Introduction to economics: 2 topics.
  • Unit 2: Microeconomics: 12 topics, 4 of them HL only.
  • Unit 3: Macroeconomics: 9 topics.
  • Unit 4: The global economy: 10 topics.

HL students also get the 4 HL-only topics and the HL questions inside every unit. Paper 3, the HL policy paper, is practised with calculations worked step by step and policy recommendations Mia reads against the markbands. Switch between SL and HL on any practice page.

Try a question

Question 11 mark
  • IB Diploma Programme Economics, SL and HL
Spec and skills
  • Paper scope: Paper 1, Paper 2, Paper 3 (HL)
  • Spec Guide 2.5
  • Topic spec Guide 2.5
  • Skill: ped-calculation
  • Learning check

When the price of a sandwich rises from €4 to €5, the quantity demanded falls from 200 to 170 a day. What is the PED, and what does it show?

Feedback against the markbands

Written question 1Paper 1 essay25 marks
  • IB Diploma Programme Economics, SL and HL
Spec and skills
  • Paper scope: Paper 1, Paper 2, Paper 3 (HL)
  • Spec Guide 2.5
  • Topic spec Guide 2.5
  • Skill: ped-applications
  • Paper 1 essay

Elasticity, revenue and taxes

Answer both parts.

(a) Explain10 marks

Using a diagram, explain the relationship between price elasticity of demand and a firm's total revenue.

0 words
(b) Evaluate15 marks

Using real-world examples, evaluate the importance of price elasticity of demand for a government choosing which goods to tax.

0 words

Diploma Economics Genius Pro

Full refund within 14 days, for any reason. Terms

£89

12 months of access

By paying you agree to our Terms and get access straight away, which ends your 14-day cancellation right. Your full refund within 14 days, for any reason, still applies.

No VAT is charged.

Independent practice for the IB Diploma Programme Economics course, SL and HL. Not affiliated with or endorsed by the International Baccalaureate Organization; every question and figure is our own.

Questions? support@unigenius.co.uk

Privacy · Terms