College application academic evidence · reasoning and revision · Seoul and online
Exam prepAimed at an AP, IB, or IGCSE exam score.
IB Diploma Economics
Grades 9-12: markets and market failure, growth and...
- Free consultation and level check
- Apgujeong classroom or online
- One-to-one or small group
- Registered academy no. 11882
Is IB Diploma Economics a good fit for high school students in Grades 9-12?
IB Diploma Economics is a good fit for students in grades 9-12 who are interested in markets and market failure and growth and inequality. CIT offers online or in-person lessons in Apgujeong, Gangnam, Seoul, in one-to-one or small-group formats. Students make written practice answers with diagrams and a log of errors and corrected reasoning.
IB Diploma Economics is built from four official units: an introduction to scarcity and choice, microeconomics on markets and market failure, macroeconomics on growth, inflation, inequality, and policy, and the global economy on trade, exchange rates, and development. The first unit studied depends on what the school has covered and how long remains; students then write and score answers and rewrite the parts that went wrong. Alongside the score, the student builds the academic evidence an application can use: how they applied a core idea, why an answer failed, and how they revised it.
This public guide describes the intended direction. A dedicated learning studio is not available yet.
My child loved that the teacher explained things really well and made the lesson enjoyable. We are very glad too.
- Age group
- Grades 9-12
- Academic subject
- Economics & BusinessBrowse subject
- Course type
- Exam preparation
- Format
- Online or Apgujeong in person · one-to-one or small group
- Teaching language
- Korean by default, with complete English materials
- Curriculum status
- Planned courseThis subject is available for consultation, but a teachable lesson sequence is not yet published.
How can I explain this course to my child?
If you want to understand the important ideas behind markets and market failure instead of memorizing answers, IB Diploma Economics connects growth and inequality to exam-ready reasoning and a record of how you fixed mistakes.
Which interests suggest this course?
- markets and market failure
- growth and inequality
- trade and development
What does the student finish?Written practice answers with diagrams and a log of errors and corrected reasoning.
Is this a good fit?
A strong fit for students considering economics, business, finance, entrepreneurship, policy, or product management.
Current study of, or planned preparation for, IB Diploma Economics.
A short diagnostic review sets the starting point.
Progress depends on regular practice and acting on feedback.
What will my child learn?
- Explain the basic questions of economics through scarcity, choice, and opportunity cost.
- Analyze markets with supply, demand, and elasticity, and evaluate market failures such as externalities and public goods.
- Analyze unemployment, inflation, and growth with AD-AS models and compare monetary, fiscal, and supply-side policies.
- Explain trade protection, exchange rates, the balance of payments, and barriers to development.
Which units does the official course cover?
- 1Introduction to Economics
Scarcity, choice, opportunity cost, the production possibilities curve, and the circular flow of income.
- 2Microeconomics
Demand, supply, elasticity, government intervention, and market failures such as externalities, public goods, and market power.
- 3Macroeconomics
Measuring economic activity, aggregate demand and supply, unemployment, inflation, growth, inequality, and economic policy.
- 4The Global Economy
Trade and protection, economic integration, exchange rates, the balance of payments, and sustainable development.
What counts as useful evidence?
Written practice answers with diagrams and a log of errors and corrected reasoning.
What should an admissions reader be able to see?
Alongside the score, the student builds the academic evidence an application can use: how they applied a core idea, why an answer failed, and how they revised it.
Useful evidence may include a market analysis, policy model, data product, decision memo, or tested business idea. Claims should stay tied to the evidence.
The evidence an application reads is what the student understood, completed, and can explain.
Which sources were reviewed?
Catalog reviewed: 2026-09-30
Questions parents search before choosing this course
Is IB Diploma Economics a good fit for high school students in Grades 9-12?
IB Diploma Economics is a good fit for students in grades 9-12 who are interested in markets and market failure and growth and inequality. CIT offers online or in-person lessons in Apgujeong, Gangnam, Seoul, in one-to-one or small-group formats. Students make written practice answers with diagrams and a log of errors and corrected reasoning.
Can my child take IB Diploma Economics online or in person, one-to-one or in a small group?
Yes. CIT offers online and in-person lessons at its Apgujeong academy in Gangnam, Seoul, with one-to-one and small-group options. A readiness consultation confirms the available format and starting point for the course.
Does my child need prior subject knowledge or coding experience for IB Diploma Economics?
Current study of, or planned preparation for, IB Diploma Economics. A short diagnostic review sets the starting point. Progress depends on regular practice and acting on feedback.
What will my child make or practice in IB Diploma Economics?
The main evidence is written practice answers with diagrams and a log of errors and corrected reasoning. Students also document decisions, tests, feedback, and limits in age-appropriate language.
How does IB Diploma Economics exam preparation work?
CIT starts with a short diagnostic, then works through the units in order, from Introduction to Economics to The Global Economy, reviewing errors and improving exam-style responses. Practice is adapted to the student's current syllabus and readiness.
How are the schedule and tuition for IB Diploma Economics determined?
CIT confirms the student's readiness, goal, location, class size, and current availability before recommending a course plan. The consultation and level check are free; tuition is explained before enrollment.
When should a student start?
The exam date is set by the school or the exam board, so the time left decides how many units the student can cover and how much practice fits. CIT checks the remaining weeks first, then proposes a starting unit.
At first my child did not want to go, because it was a weekend class. After the lesson they said it had been fun. Hearing that they ask about anything they do not understand and take part on their own put me at ease as a parent.
Where else parents check CIT
Choose the course after a readiness check
CIT can compare this course with nearby options by age, subject, and current preparation.