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IB Economics Study Materials

The Best IB Economics Study Materials You Can Use This Year

A good textbook

IB Economics has many theories and concepts, therefore students may feel overburdened if they do not receive clear responses to their questions and concerns. It’s not always possible to ask a teacher, and even then, their answers might not always make perfect sense. Any uncertainty you could have can be quickly resolved at that very moment, if you have a trustworthy textbook.

For those who learn material more effectively by reading, there are many economic books available. There are many books available, including both those that offer a broad introduction of economics and those that go into greater detail explaining market theories.

Oxford IB Diploma Program: Economics Course Book is the textbook I personally advise.. When I was taking the IB, my teachers also acknowledged that textbook. However, I’m not advocating that you use this book as your means of achieving a seven. It is only a small component of a bigger plan.

The Best IB Economics Study Materials You Can Use This Year
The Best IB Economics Study Materials You Can Use This Year

Well organized notes

Although the IB Economics syllabus can appear to be extensive and interrelated, each syllabus item is actually its own distinct piece of knowledge that can be acquired independently of one another. This implies that a list of bullet points might be used to summarize the entire course. Essays are much harder to understand than these. Taking notes during lectures or watching videos can enhance your memory of crucial ideas taught in the course. Additionally, it can make it easier for you to refer to that data and information in future.


Well planned essays

Planning essays in advance on popular subjects helps students relax during exams because they know their essays will cover all the necessary material at the appropriate time. To structure a good essay few points need to be keep in mind:

  • Explain theory
  • Make relevant diagram
  • Explain your diagram
  • Include few facts
  • Critically evaluate your theory
  • Suggest a policy implication


Include Diagrams

Diagrams play a significant role in illuminating economic theory and receive an excessive quantity of marks. Never start writing an essay without having decided what your diagram will be. Until you truly understand what goes where and what it explains, practice sketching them repeatedly. They are also pretty enjoyable to sketch.


Incorporate Examples

Just providing a relevant example in your essay can convince the reader that you are knowledgeable about the subject.


Question Bank

Question Banks are the best, especially topic wise and sorted with difficulty type. Current trend of IB is used while preparing them. Question Bank of topics are organized in a precise manner and are in the form of bullets.  It basically, briefs up every single topic in every chapter and gives you a variety of questions and quizzes to practice with.

Use creative resources and tools

Economics requires, learning a variety of terminologies and concepts. Use certain association tools and techniques to remember the concept.  You can use this example to form a sentence – associate the first letter of the term with the most used word of the same first letter.

Also Read – Management vs Economics

Online Resources

Economic principles are covered in a wide variety of instructional videos that may be found on well-known video-sharing websites. To further aid in your comprehension of these topics, several of these films also offer examples. Given the abundance of low- or no-cost online video formats, this technique of learning is beneficial. Finding movies with people who have had formal education or market experience is an excellent choice because they have knowledge of economic principles.


Read economic articles

You can learn more about ideas and market trends by reading articles on economic subjects. This can also help in your education of the economics, which will aid in your comprehension of market principles. Consider reviewing concepts related to business, finance, or other industries as well. These topics frequently give insight on economic trends.


Online Courses and Communities

For those who want to learn at their own pace, or are interested in learning more about general economic ideas or particular market themes, massive open online courses provide a choice of course possibilities.

You can build your network and have discussions on economic ideas by joining learning or professional communities. This might also assist you in discovering worthwhile study resources to advance your education. You can increase your comprehension of economic topics by conversing with others who work in finance, accounting, or the stock market or are familiar with these subjects.

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