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IBDP Economics Complete Unit Planner — Unit 1: Introduction to Economics (1.1 & 1.2) for SL & HL

IBDP Economics Complete Unit Planner — Unit 1: Introduction to Economics (1.1 & 1.2) for SL & HL

Subject: Economics

Age range: 14-16

Resource type: Unit of work

Last updated

20 August 2026

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This comprehensive 4-week unit planner covers the conceptual foundations of the entire course (Sub-units 1.1 & 1.2) for both SL and HL (combined).

Unit 1 serves as the crucial underpinning knowledge for Papers 1 and 2 and sets up the analytical framework for the Internal Assessment (IA). This document provides an exhaustive roadmap for teachers to establish strong economic foundations from Week 1.

What’s Included in This Planner:

Core Parameters & Timeline: Designed for Year 1 (Term 1, Weeks 1–4) with a total teaching time of 10 hours (SL and HL are identical for this unit).

• Complete Syllabus Coverage:

1.1 What is Economics? Scarcity, choices, 4 factors of production, opportunity cost, free vs. economic goods, the 3 basic economic questions, free-market vs. mixed vs. planned economies, the PPC model, and the 5-sector Circular Flow of Income model.

1.2 How Economists Approach the World? Positive vs. normative economics, ceteris paribus, equity vs. equality, and a chronological history of economic thought from Adam Smith to 21st-century circular/behavioural economics.

5 Student-Centred Inquiry Activities: Fully mapped out, including a National Budget Trade-off simulation, a Living Circular Flow physical modeling game, and a Timeline of Economic Ideas project.

Assessment Blueprint: Details a 45-minute summative end-of-unit test using authentic Paper 1 (extended response) and Paper 2 (definition/data response) structures, plus targeted formative exit tickets.

Misconception Alert Table: A teacher reference guide targeting the most common student pitfalls (e.g., confusing money with opportunity cost, misinterpreting points inside the PPC, or flipping imports/exports in the circular flow).

Explicit ATL & TOK Integrations: Clear connections linking economic model-building, objectivity, and value judgments back to core Theory of Knowledge themes and Approaches to Learning (Thinking, Communication, Social, Self-Management, Research).

Scaffolding & Extension Strategies: Actionable differentiation techniques to support EAL learners or stretch advanced students using international data portals (World Bank, OECD, Our World in Data).

Key Value for Teachers:
IA Readiness: Built-in strategies like the “Concept Wall” routine to embed the nine key concepts early, maximizing student marks for IA Criterion D down the line.

Global & Country-Neutral Framing: Examples span a diverse range of global economies (from Estonian startups to Chilean copper mines) ensuring international accessibility.

Tags
#IBEconomics #Economics #DPEconomics #FirstAssessment2024 #SL #HL #UnitPlanner #Unit1 #IntroductionToEconomics #Scarcity #OpportunityCost #PPC #CircularFlow #PositiveEconomics #NormativeEconomics #Microeconomics #Macroeconomics #KeyConcepts #EconomicSystems #FA2024 #IBDP #TeacherResources #CurriculumMapping #Year1 #Paper1 #Paper2 #InternalAssessment #TOK #ATL #EconomicsTeacher #IBTeacher #SubjectGuide #CompleteBundle

Creative Commons "Sharealike"

Get this resource as part of a bundle and save up to 15%

A bundle is a package of resources grouped together to teach a particular topic, or a series of lessons, in one place.

Bundle

IB DP Economics Complete Course Plan – Full 2-Year Teaching Plan with Master SOW and 14 Unit Planners + IA Planning Guide + Paper 1, 2 and 3 Revision Guides

This comprehensive bundle contains everything needed to deliver the complete IB DP Economics (First Assessment 2024) course. 14 unit planners + master Scheme of Work – designed for combined SL/HL classrooms. What's Inside? Complete syllabus coverage – All 31 sub-units across 4 units: Unit 1 (Introduction), Unit 2 (Microeconomics – 5 planners), Unit 3 (Macroeconomics – 3 planners), Unit 4 (Global Economy – 3 planners), plus Internal Assessment. Master Scheme of Work – Week-by-week planning across 2 years, assessment calendar, concept & skills heatmap, HL extension map, IA dashboards, differentiation map, command terms reference. Teaching activities – 40+ including: National Budget Trade-Off, Living Circular Flow, Classroom Trading Pit, Design a Nudge, Fishing-Grounds Simulation, Central Bank Role-Play, SDG Progress Capstone. Assessment – Formative (exit tickets, diagram checks, calculation drills) and Summative (unit tests mirroring Paper 1, 2 & 3). IA includes 3-cycle drafting with Criterion D key concept tracking. Differentiation – Scaffolding (concept cards, templates, worked examples); extension (real dataset analysis, policy design). Internationalised examples across all continents. Cross-curricular – TOK (models/reality, value-freedom, paradigm shifts); Geography, History, Mathematics, Global Politics, Business Management. CAS potential throughout. ATL skills – Thinking, Social, Communication, Self-management, Research. All five skill categories embedded across every unit. Resources – Oxford, Pearson, Cambridge coursebooks; FREE: Our World in Data, World Bank, OECD, IMF, CORE Econ, MRU; IB PRC materials. Quantitative skills – PPC gradients; surplus areas; elasticities; national income; multiplier; Lorenz curves; tax calculations; comparative advantage; Marshall-Lerner; currency conversion. Lesson pacing – 150+ teaching hours (SL) / 240+ hours (HL) across two years. Walk-in-ready summaries included. #IBDP #IBEconomics #DPEconomics #IBEconomics2024 #Unit1 #Unit2 #Unit3 #Unit4 #Microeconomics #Macroeconomics #GlobalEconomy #SchemeOfWork #SOW #Scarcity #OpportunityCost #PPC #DemandSupply #Elasticity #MarketFailure #BehaviouralEconomics #ADAS #MonetaryPolicy #FiscalPolicy #SupplySide #InternationalTrade #ExchangeRates #BalanceOfPayments #EconomicDevelopment #SDGs #Sustainability #Inequality #Poverty #InternalAssessment #IA #Commentary #SLHLCombined #EconomicsTeacher #IBTeachers #ATL #Differentiation #TOK #CAS #ExamPreparation #CompleteSyllabus #Paper1 #Paper2 #Paper3 #FirstAssessment2024 #RealWorldIssues #GovernmentIntervention #MarketStructures #Inflation #Unemployment #EconomicGrowth #TradingBlocs #ForeignAid #DevelopmentStrategies #CommandTerms #AssessmentCalendar #HLMapping #ConceptTracker #TeachingResources #UnitPlanner #InternationalBaccalaureate

£46.25

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