IB Economics: Curriculum Modules & Topics Comparison
UNIT 1: Introduction to Economics
Module 1.1: What is Economics?
| Traditional Topics | Potential Inclusions and Modifications |
|---|---|
| • The problem of scarcity • Choice and opportunity cost • Economic systems • Production possibilities curve (PPC) • Resource allocation | "Societies can respond to scarcity through cooperation (markets, trade, institutions) or conflict (competition, violence). Economics studies the cooperative responses - the systems that enable societies to prosper peacefully." |
| Additions | Guns vs Butter PPC example. Use to start thinking about economics and security. |
Module 1.2: How Do Economists Approach the World?
| Traditional Topics | Potential Inclusions and Modifications |
|---|---|
| • Positive vs. normative economics • Ceteris paribus • Economic models • Scientific methodology | None |