Standard Level

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SL covers the following topics:

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MICROECONOMICS - Demand & supply, markets, elasticity, and market failures

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MACROECONOMICS - Measuring economic activity, AD & AS, objectives, monetary/fiscal and supply-side policies

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Higher Level

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HL covers all of SL above plus the following topics:

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MICROECONOMICS - Externalities, public goods, asymmetric information, market power, and equity.​

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GLOBAL ECONOMY- International trade, trade protection, economic integration, exchange rates, Balance of Payments, development, barriers, and growth.​​​​​​​​​​​​​​​​​​​​​​