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IB Economics AD/AS Diagram Explained
Home / Blog / IB Economics

IB Economics AD/AS Diagram Explained

IB Economics5/2/2026•5 min read

AD/AS appears constantly in IB Economics revision because it gives you a flexible way to explain growth, inflation, unemployment, and supply-side policy. In Paper 2, the mark is usually in the connection between the diagram and the case-study economy.

How to draw the AD/AS diagram

  • Put real output on the horizontal axis
  • Put the price level on the vertical axis
  • Draw AD, SRAS, and LRAS
  • Shift the correct curve and label the new equilibrium

Common Paper 2 example

Education raises productivity

Better education raises labour productivity, shifting LRAS right. Over time that supports non-inflationary growth, which is often a stronger evaluation point than simply saying GDP rises.

How to use it in the exam

Pair the diagram with a short explanation of short-run and long-run effects. That is where many IB Econ answers become more evaluative.

See the Bhutan walkthrough for a full development-style example.

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More IB Economics guides

How to Answer 4-Mark Questions in IB Economics →IB Economics Paper 2 Walkthrough: Bhutan Case Study →IB Economics Paper 2 Predicted Topics 2026 →

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