Major elements about the new IB Economics exam Changes

According to the previous reports of the IB Economics examination that occurred in May 2021, 26,000 individuals attempted the exam. So, if you are planning to take your IB exams, May 2022 few points you need to consider regarding the new IB economic syllabus to take the end of the year test.

To put things easier for you, Blen has decided to keep you updated about the revised new IB exams, May 2022.


A modified Holistic Content Assessment practice

There has been a new modified approach introduced in the context regarding the IB exams, May 2022 called the holistic content assessment which means the assessments come up with the various aspects of IB course in contrast with individual testing.

Therefore, students going to take the IB Economic course should attentively consider what are the changes, similarities, and connections in the concepts of the course. This approach does not restrict you to use the previous IB economic content. But, keep in mind to use the Venn diagrams approach as a crucial part of your IB study as it will help you to present your ideas and materials in a better way.

Paper 1 and 2 Revision approach

Students from SL and HL levels are mandated to write papers 1 and 2 both. Only HL students have to write an extra paper for IB exams, May 2022 which is paper 3. So, there are two major sections in which paper 1 is divided: 

  • Section A Microeconomic concepts
  • Section B Macroeconomic concepts

There are also subsections including an explanation and discussion section. In both sections, two questions are presented from which you can choose one to answer. An important point is all the students must attempt the selected questions from the subsection portion.

For paper 2

  • Section A International economics
  • Section B Developmental economics

Likewise, there are four subsections with a range of selected questions. As per the latest updates for recent IB exams, May 2022 Paper 1 will be part of the whole syllabus with some advanced IB economics approaches. Similarly, both Qualitative and quantitative data approaches will be used for Paper 2. Also, students must be able to work with written text material and economic-related math, use of graphical features to present the economic data in a visual and presentable way.

Revised Changes for the internal Assessment Portfolio

The purpose of the internal assessment portfolio for students is to examine three-course concepts from the list of efficiency, scarcity, choice, intervention, sustainability, economic well-being, change, interdependence.

For this IB students need to be up to date about what modifications are happening in the world of economics. One of the main approaches that Blen would like to suggest to you for IB exams, May 2022 is taking help from reading material such as financial news journals. 


So, these are the major changes that have been introduced so far for the new IB exams, May 2022 and students should take serious note of this.

To stay tuned for the latest IB announcements visit Blen here: https://helloblen.com/

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