IB Economics SL 1.2.2 Economic thought
IB Economics SL 1.2.2 Economic thought
Students practise defining contemporary frameworks like circular economy using precise, outcome-focused language aligned with IB assessment criteria.
How this is tested
- distinguish classical, Keynesian, monetarist and behavioural ideas in economic arguments
- link Adam Smith, laissez faire or Keynesian policy to views on markets and intervention