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International · A Level ·
IB Economics
A course-aware revision pathway with source metadata, topic map, paper/test structure, approved original practice, flashcards, AI tutor handoff and Battle Mode connection. This route is labelled Fully covered after passing the StudyVector depth gate.
Fully coveredLast checked 2026-05-19
Practise
Original questions mapped to topic, subtopic, skill and provider.
Flashcards
Active recall decks for formulas, facts, vocabulary and practicals.
Battle Mode
Energy earned only from real revision progress and mistake repair.
14
Top-level route areas visible before signup.
28
Smaller learning blocks for repair and review.
28
Practice targets used by diagnostics and tutor handoff.
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Success criteria tied to real answers, not passive reading.
Night-before review for IB Economics
This plan uses your course route, target date and confidence. It is a starter preview until the student saves the course in onboarding.
practise
Start with Foundations of Economics
Night-before review: StudyVector starts with the highest-signal topic before widening the plan.
25 min · 10 energyflashcardsReview Scarcity, choice and opportunity cost flashcards
Spaced recall keeps today's work from fading before the next session.
9 min · 4 energyexam modeTry a short skill practice set
Timed practice turns understanding into exam/test readiness.
18 min · 12 energyai tutorAsk the tutor to explain the next step
Tutor mode uses course-aware language and should guide, not shortcut, the answer.
8 min · 3 energyTopic map
IB Economics
Foundations of Economics
IB Economics
Economic Methodology and Models
IB Economics
Demand, Supply and Market Equilibrium
IB Economics
Elasticities of Demand and Supply
IB Economics
Market Failure and Government Intervention
IB Economics
Theory of the Firm (HL)
IB Economics
Measuring Economic Activity
IB Economics
Aggregate Demand and Aggregate Supply
IB Economics
Macroeconomic Objectives
IB Economics
Demand and Supply-Side Policies
IB Economics
International Trade
IB Economics
Exchange Rates and Balance of Payments
IB Economics
Economic Integration and Global Governance
Sample original practice
When the price of a good rises from $10 to $12, quantity demanded falls from 100 to 80 units. Calculate the price elasticity of demand and state whether demand is elastic or inelastic.
Find the percentage change in quantity demanded.
Source type: original · Review status: approved
Sources and legal boundary
StudyVector is independent and is not affiliated with or endorsed by exam boards unless explicitly stated.
- StudyVector original UK/USA curriculum depth map
Last checked 2026-04-29. Internal original mapping; not copied from paid platforms or official papers.
Explanation, examples and mistakes are visible before full practice
These previews come from the first-party course map and approved question registry. Fully covered means the public route has topic depth, skills, objectives, worked examples and mistake repair attached before students enter full practice.
Scarcity, choice and opportunity cost
What to know
- Scarcity, choice and opportunity cost answers should apply the concept to the business, market or economy in the scenario.
- Quantitative evidence is strongest when it is calculated, interpreted and then used in a judgement.
Common mistake
Writing a memorised definition without applying it to the scenario.
Worked example
A Foundations of Economics question gives data and asks for evaluation. What should the final paragraph do?
- 1. Use the most relevant figure or concept.
- 2. Explain the likely impact in context.
- 3. Make a supported judgement with a limitation.
The nine central economic concepts
What to know
- The nine central economic concepts answers should apply the concept to the business, market or economy in the scenario.
- Quantitative evidence is strongest when it is calculated, interpreted and then used in a judgement.
Common mistake
Writing a memorised definition without applying it to the scenario.
Worked example
A Foundations of Economics question gives data and asks for evaluation. What should the final paragraph do?
- 1. Use the most relevant figure or concept.
- 2. Explain the likely impact in context.
- 3. Make a supported judgement with a limitation.
Positive versus normative economics
What to know
- Positive versus normative economics answers should apply the concept to the business, market or economy in the scenario.
- Quantitative evidence is strongest when it is calculated, interpreted and then used in a judgement.
Common mistake
Writing a memorised definition without applying it to the scenario.
Worked example
A Economic Methodology and Models question gives data and asks for evaluation. What should the final paragraph do?
- 1. Use the most relevant figure or concept.
- 2. Explain the likely impact in context.
- 3. Make a supported judgement with a limitation.
Three quick checks
1. What skill does the approved sample question test?
Scarcity, choice and opportunity cost
% change in quantity = (80 − 100)/100 = −20%. % change in price = (12 − 10)/10 = +20%. PED = −20% ÷ +20% = −1.0. The magnitude is exactly 1, so demand is unit (unitary) elastic at this point.
2. What mistake should you watch for in Scarcity, choice and opportunity cost?
Writing a memorised definition without applying it to the scenario.
StudyVector stores common mistake patterns so the next attempt can repair the specific error rather than restart the whole course.
3. What should happen after a missed point?
Review the explanation, name the mistake, then answer a similar question while the correction is fresh.
The page feeds the same loop as practice: attempt, feedback, repair, and return.