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Assessment Objectives

Having followed the economics course at HL or SL, students will be expected to:

  1. AO1 Demonstrate knowledge and understanding of specified content
    • Demonstrate knowledge and understanding of the common SL/HL syllabus
    • Demonstrate knowledge and understanding of current economic issues and data
    • At HL only: Demonstrate knowledge and understanding of the higher level extension topics
  2. AO2 Demonstrate application and analysis of knowledge and understanding
    • Apply economic concepts and theories to real-world situations
    • Identify and interpret economic data
    • Demonstrate the extent to which economic information is used effectively in particular contexts
    • At HL only: Demonstrate application and analysis of the extension topics
  3. AO3 Demonstrate synthesis and evaluation
    • Examine economic concepts and theories
    • Use economic concepts and examples to construct and present an argument
    • Discuss and evaluate economic information and theories
    • At HL only: Demonstrate economic synthesis and evaluation of the extension topics
  4. AO4 Select, use and apply a variety of appropriate skills and techniques
    • Produce well-structured written material, using appropriate economic terminology, within specified time limits
    • Use correctly labelled diagrams to help explain economic concepts and theories
    • Select, interpret and analyse appropriate extracts from the news media
    • Interpret appropriate data sets
    • At HL only: Use quantitative techniques to identify, explain and analyse economic relationships