IB Economics Syllabus
SL & HLTrade strategies
Trade strategies — Import substitution
Trade strategies — Export promotion
Trade strategies — Economic integration
Diversification
Social enterprise
Market-based policies
Market-based policies — Trade liberalization
Market-based policies — Privatization
Market-based policies — Deregulation
Interventionist policies
Interventionist policies — Redistribution policies including tax policies, transfer payments and minimum wages
Provision of merit goods
Provision of merit goods — Education programs
Provision of merit goods — Health programs
Provision of merit goods — Infrastructure including energy, transport, telecommunications, clean water and sanitation
Inward foreign direct investment
Foreign aid
Foreign aid — Humanitarian aid/development aid
Foreign aid — Debt relief
Foreign aid — Official Development Assistance (ODA)
Foreign aid — Non-governmental organizations (NGOs)
Multilateral development assistance
Multilateral development assistance — The World Bank
Multilateral development assistance — International Monetary Fund
Institutional change
Institutional change — Improved access to banking, including microfinance and mobile banking
Institutional change — Increasing women’s empowerment
Institutional change — Reducing corruption
Institutional change — Property rights
Institutional change — Land rights
Strengths and limitations of strategies for promoting economic growth and economic development
Strengths and limitations of government intervention versus market-oriented approaches to achieving economic growth and economic development
Progress toward meeting selected Sustainable
Development Goals in the context of two or more countries
The patterns of economic development for countries in a re
The relationship between economic growth and development,
The impact of a poverty reduction strategy, for a chosen c
The impacts of FDI in a chosen country on economic growth
The impacts of a microfinance project/debt relief/health p chosen country/region.
IB exam-style questions, with mark schemes and explanations, for all papers.
Detailed notes written by examiners, strictly aligned with the syllabus.
Active recall practice for key concepts and definitions.
4.9 Barriers to economic growth and/or economic development