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AIM Individuals and societies are
to:
1. encourage the systematic
and critical study of: human
experience and behaviour
2. develop in the student the
capacity to identify, to analyse
critically and to evaluate
theories, concepts and
arguments about the nature and
activities of the individual and
society
,3. ENABLE THE STUDENT TO
COLLECT, DESCRIBE AND ANALYSE
DATA USED IN STUDIES OF SOCIETY.
4. PROMOTE THE APPRECIATION OF
THE WAY IN WHICH LEARNING IS
RELEVANT BOTH TO THE CULTURE
IN WHICH THE STUDENT LIVES, AND
TO THE CULTURE OF OTHER
 SYLLABUS

Unit 1: Introduction to
economics- Teaching hours 10
,

Unit 2: Microeconomics
Teaching Hours 35 for SL/ 70 for HL
 SYLLABUS

Unit 3: Macroeconomics
Teaching Hours 40 for SL/ 70 for HL

Unit 4: The global economy

Teaching Hours 45 for SL/65 for HL
Key concepts: scarcity, choice, efficiency, equity,
economic well-being, sustainability, change,
interdependence, intervention.
 Economics and the core

Economics and theory of knowledge

As with other disciplines within individuals and societies, there is a variety of ways to gain knowledge in
economics. For example, data and evidence collection, experimentation, observation, inductive and
deductive reasoning, can all be used to help explain patterns of behaviour and lead to knowledge claims.
Students in individual and societies subjects are required to evaluate the resulting knowledge claims by
exploring questions concerning their validity, reliability, credibility and certainty, as well as individual and
cultural perspectives on them. For example, at the core of economic theories are important assumptions such
as the ceteris paribus (all other things being equal) assumption. Students must be aware of these
assumptions and be able to critically assess how these might limit reliability in the application of economic
theory.
 Four assessment
objectives (AOs)

AO1:DEMONSTRATE KNOWLEDGE AND

UNDERSTANDING OF SPECIFIED CONTENT.

AO2:DEMONSTRATE APPLICATION AND

ANALYSIS OF KNOWLEDGE AND
UNDERSTANDING
 Four assessment objectives
(AOs) continued…

AO3:DEMONSTRATE SYNTHESIS
AND EVALUATION.

AO4: SELECT, USE AND APPLY A

VARIETY OF APPROPRIATE SKILLS
AND TECHNIQUES
 SL: External Assessment: 2 Papers.

Paper 1. Weightage 30%

Total Marks :25. Duration: 1hr 15 min
SL & HL
COMBINATIONS Paper 2: weightage 40%
Total Marks: 40. Duration: 1hr 45 min
Internal Assessment: weightage :30%
Maximum 800 words for each commentary (45 marks)
Total 100%
 HL: External Assessment: 3 Papers.
Paper 1. Weightage 20%
Total Marks 25. Duration: 1 H 30min
Paper 2: weightage 30%
Total Marks: 40. Duration: 1hr 45 min
HL Paper 3: Weightage 30%
Total Marks:60. Duration: 1 hr 45 min
Internal Assessment: weightage :20%
Maximum 800 words for each commentary (45
marks) Total 100%
INTERNAL ASSESSMENT: (IA) FOR HL & SL

A PORTFOLIO OF THREE COMMENTARIES, BASED ON

DIFFERENT SECTIONS OF THE SYLLABUS AND ON PUBLISHED
EXTRACTS FROM THE NEWS MEDIA.
MAXIMUM 800 WORDS X 3 (45 MARKS)
THANK YOU