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IB Economics: The Ultimate Study Guide

IB Economics: The Ultimate Study Guide

10 min read | August 15, 2025

Master IB Economics with expert strategies from top-scoring tutors. Get tips for Papers 1, 2, and 3, plus IA advice to boost your grades and confidence.

IB Economics: The Ultimate Study Guide

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HL Economics requires 240 teaching hours compared to 150 for SL and includes additional complex topics like the Theory of the Firm and Price Discrimination. Furthermore, HL students must sit Paper 3, a policy paper that focuses heavily on quantitative skills.

To ace your IA, select recent and relevant articles that allow you to apply key economic concepts. Ensure you use well-labeled diagrams to visualize your analysis and keep your commentary concise and focused on the key issues.

Essay writing and critical thinking are essential, particularly the ability to combine theory with real-world examples. You must also master the ability to draw and interpret graphs for all topics, as this helps align theory with reality.

Our tutors are top-scoring IB graduates who have scored 7s in Economics. They provide "insider" knowledge on how to decipher the markscheme, master exam techniques, and break down complex concepts into understandable parts.

The free consultation is a 20–30 minute session with a Student Success Expert designed to identify your needs. You will receive a clear plan, priorities, and actionable next steps for your IB journey with absolutely no obligation to purchase tutoring.

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ALL RIGHTS RESERVED. COPYRIGHT 2025. LANTERNA EDUCATION LTD, NOT AFFILIATED WITH THE IBO