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IB Economics

Should I study IB Economics

IB Economics is offered at Higher Level (HL) and Standard Level (SL). For students who would like to further their studies in Economics or business-related disciplines at university, it is recommended that they take Economics at HL. Please note that for students applying to Economics at top UK/US universities, IB Mathematics HL may also be a pre-requisite and is definitely desirable.

How to get a 7 in IB Economics

IB Economics focuses heavily on application. Even though most students have a firm grasp of the economic concepts, they may still find it challenging to write an Economics essay under timed conditions. This involves skills such as connecting news articles to relevent theories and explaining the key assumptions that emerge.

In addition, the Economics Internal Assessment (Econ IA) is a very important component in IB Economics, since it constitutes 20% of the overall grade. The Economics IA requires students to write 3 commentaries covering different topics. To do well, you must select a newspaper article that discusses a specific economics topic (so the scope of the commentary is appropriate) and enhances both analysis and evaluation in your commentary to fulfil the marking criteria of the Econ IA.

How CANA coaches students to achieve a 7 in IB Economics

Besdies teaching the fundamental Economics concepts, our courses focus heavily on teaching essay writing techniques, comprehension and application of Economics theories using news articles, as well as analyzing and practicing different types of mathematical questions necessary for HL students. We expose our students to various essay types under different topics, as well as different types of Economics articles that would be used in the data response section. We also use our proprietary study guides and workbooks, co-edited with senior IB examiners, alongside past exam questions sorted by topics to enhance your ability to achieve top grades.

Our Econ IA guidance is second to none. We discuss the newspaper articles selected and why they are suitable, the structure of the IA itself, and offer reviews of the work to make sure that the grading criteria are met.

Our IB Economics Tutors


The IB was tough and grueling program, but I credit my peers, teachers and the wonderful tutors at Cana for providing a challenging and fulfilling environment for me to learn. Cana tutors are not only knowledgeable in their fields but also approachable; willing and able to answer any questions I had on hand. Overall, I'm really happy with completing the IB and I can definitely say that the feeling of accomplishment after receiving my score made all the hard work worth it.

Eunice Canadian International School, 45/45 in IBDP