Group 3 Economics (HL/SL)

Entry Guidance

No prior study of Economics is required but ideally HL students should have studied International GCSE Economics. Students interested in taking this course should have an interest in current affairs and enjoy contributing to lively, well-informed debate about current issues and be prepared to follow these in the on-line media.

Course Aims

The aims of the course are to enable students to:

• Develop an understanding of microeconomic and macroeconomic theories and concepts and their realworld application.

• Develop an appreciation of the impact on individuals and societies of economic interactions between nations.

• Develop an integrated understanding of economics as a discipline.

• Recognise the main global challenges and how these can be addressed using an Economics lens.

• Make connections between different areas of the syllabus using concepts, case studies or real-world issues.

• Demonstrate a holistic and critical understanding of how economics helps us understand real world issues with the help of theories, models, examples and inquiries from the course of study.

• Develop an awareness of development issues facing nations as they undergo the process of change.

Course Content

The HL/SL syllabus consists of four sections:

• Introduction to Economics

• Microeconomics

• Macroeconomics

• The global economy

Assessment Outline

HL Assessment Component Weighting

External Assessment (4 hours 45 minutes) 80%

• Paper 1 (1 hour 15 minutes)

• Paper 2 (1 hour 45 minutes)

• Paper 3 (1 hour 45 minutes)

Internal Assessment 20%

• Three commentaries: maximum 800 words each

SL Assessment Component Weighting

External Assessment (3 hours) 70%

• Paper 1 (1 hour 15 minutes)

• Paper 2 (1 hour 45 minutes)

Internal Assessment 30%

• Three commentaries: maximum 800 words each

For Further Advice

Contact Lucy Haley, Head of Humanities: Lucy.Haley@dulwich-seoul.kr