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NotesEconomicsUnit 1
IB Economics · Unit 1 of 6

Unit 1: Introduction to economics

Unit 1 of IB Economics covers Introduction to economics. This unit contains 2 topics and 7 sub-topics. Below you'll find free study notes, flashcards, and exam preparation resources for every topic in this unit.

2 topics7 sub-topics
Exam technique guide

What Unit 1 covers

Unit 1 introduces what economics studies, the basic problem of scarcity, and how economists use models to explain choices and trade-offs.

Topics in Unit 1

1.1

What is economics?

4 sub-topics

1.2

How do economists approach the world?

3 sub-topics

Study tip: Work through the topics in order — each builds on concepts from the one before. Start with notes, then reinforce with flashcards and practice questions.

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All Economics unitsUnit 2