The New IB Economics Course (2)

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.