The New IB Economics Course (2)

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The Introduction

The new course has no formal introductory section but teachers are advised to spend time explaining why economics is a social science and introduce the concepts of scarcity and choice. The following four themes run through the course:

• The extent to which governments should intervene in the allocation of resources
• The threat to sustainability as a result of the current patterns of resource allocation
• The extent to which the goal of economic efficiency may conflict with the goal of equity
• The distinction between economic growth and economic development.

I aim to head on straight into the heart of micro and macro economics interweaving the above mentioned themes through the use of lots of real world examples.

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