Diagrams and theories give students the opportunity to see the world with new eyes and a deeper understanding from various perspectives.
IB Economics helps students understand how the global economy is inter-connected: cell phones are produced in China, our clothes are made in India and shoes manufactured in Vietnam. Vacations to distant destinations have created new jobs which in turn has eliminated poverty and altered destinies for many in Thailand. Change is taking place quickly – creating winners and losers.
Never before have so many had it so well. But, everyone cannot have everything - or can they? What should be produced, how and for whom? What are the limits?
What is the financial crisis? Where did it come from? How are we affected by the behaviour of the Americans? American companies want to sell Sweden’s largest companies, Volvo and SAAB, and buyers may be Chinese.