IB DP 1 Economics (SL)
Ancourage Academy · IB DP · DP 1
Content reviewed: Jan 2026
IB DP 1 Economics (SL) tuition at Ancourage Academy in Singapore (Bishan & Woodlands) offers small-group classes of 3-6 students, aligned with the IB Diploma Programme Group 3 syllabus. Weekly 2-hour lessons use our ESB methodology to build microeconomic and macroeconomic foundations with diagrammatic fluency. "DP Economics rewards diagrammatic fluency—students who can illustrate and evaluate economic theories with precision excel in examinations," according to our educators. Our structured approach helps students master supply and demand analysis, policy evaluation, and real-world application.
What Makes Us Different
Our proven teaching methodology combines evidence-based approaches for maximum learning effectiveness
Ebbinghaus Memory Theory
Self-directed retrieval scheduling where students learn to identify their own weak areas and plan review cycles accordingly — developing the metacognitive skills essential for A-Level success and independent university study.
Socratic Questioning
Rigorous dialectic questioning where students must justify their reasoning and consider counterarguments — 'What evidence supports this?' and 'Where could this logic break down?' — building the analytical rigour expected in higher education.
Bruner's Scaffolding
Minimal scaffolding with maximum autonomy — tutors pose challenging problems and observe, intervening only when students are genuinely stuck — preparing students to structure their own approach to unfamiliar problems.
Key Learning Outcomes
Master Key Concepts
Deep understanding of core topics aligned with MOE syllabus
Critical Thinking
Develop analytical and problem-solving skills
Exam Confidence
Strategic exam techniques and time management
Consistent Results
Improved grades and academic performance
Course Structure
Duration
2 hours per lesson
Full coverage with interactive learning time
Class Size
3-6 students per class
Close guidance, timely feedback, and ample practice
Materials
All materials provided
No material fees — all worksheets and resources included
Curriculum Overview
- ✓Microeconomics — Demand, supply, market equilibrium, elasticity, government intervention, and market failure.
- ✓Macroeconomics — Economic growth, inflation, unemployment, fiscal and monetary policy.
- ✓International economics — Trade theory, protectionism, balance of payments, exchange rates, and globalisation.
- ✓Development economics — Measuring development, barriers to development, strategies to promote sustainable growth.
- ✓Models and diagrams — Mastery of supply/demand, AD–AS, Lorenz curve, PPC, Phillips curve, etc.
- ✓Internal Assessment — Portfolio of three commentaries analysing real-world articles using economic theory.
What IB DP 1 Economics SL students commonly work on
- 1
Diagram accuracy — drawing and labelling economic diagrams correctly under pressure
- 2
Economic essay writing — structuring responses with theory, real-world examples, and evaluative judgement
- 3
Real-world application — connecting economic theory to current events and case studies
- 4
IA development — identifying suitable articles and developing quality commentaries
- 5
Evaluation skills — developing balanced arguments about economic policies
Learning Progression
Builds On
MYP Individuals and Societies with introduction to economic concepts
Prepares For
DP 2 Economics SL with exam preparation and IA portfolio completion
Key Transition
DP 1 builds economic foundations — understanding micro and macro basics prepares students for Year 2 application and analysis.
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Frequently Asked Questions
SL covers the same four units without the additional depth (theory of the firm) or Paper 3 quantitative exam. SL has fewer teaching hours and assessments. Choose SL if economics supports other subjects rather than being central to university plans.
Students should aim to complete 1-2 commentaries during DP 1. Each commentary analyses a current economics article (800 words). Building the portfolio gradually is more effective than leaving all three to DP 2.
Strong commentaries select recent, relevant articles and apply economic theory with accurate diagrams. We help students identify suitable articles and develop analytical skills for connecting real events to economic concepts.
Our small-group classes are intentionally kept between 3 and 6 students so every learner receives close guidance, timely feedback, and ample practice.
Each lesson is 2 hours, providing ample time for thorough coverage of topics and interactive learning.
Yes. All lesson materials and worksheets are provided and included in the fees. Students should bring regular stationery and, where applicable, school textbooks/workbooks for reference.
Yes. Our materials and pacing align with the MOE syllabus. External syllabuses (e.g. IGCSE, IB) are available upon request.
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