IB DP 2 Economics (HL)
Ancourage Academy · IB DP · DP 2
Content reviewed: Jan 2026
IB DP 2 Economics (HL) tuition at Ancourage Academy in Singapore (Bishan & Woodlands) offers focused classes capped at 6 students, aligned with the IB Diploma Programme Group 3 syllabus. Weekly 2-hour lessons use our ESB methodology to develop advanced economic analysis, quantitative methods, and HL Paper 3 mastery. "DP success comes from connecting knowledge across disciplines—students who see patterns between subjects excel in examinations," explains our teaching faculty. Our structured approach helps students integrate theory, diagrams, and calculations for university-level economics.
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
- ✓All SL topics, plus HL-specific depth:
- ✓Microeconomics — Theory of the firm, cost and revenue curves, profit maximisation, efficiency.
- ✓Macroeconomics — Advanced AD–AS modelling, multiplier effect, economic schools of thought.
- ✓International economics — Terms of trade, advanced balance of payments analysis.
- ✓Development economics — Deeper focus on inequality, aid, trade, and sustainable growth.
- ✓Quantitative methods (HL only) — Elasticity calculations, growth rates, index numbers, and government budget calculations.
What IB DP 2 Economics HL students commonly work on
- 1
Paper 3 quantitative methods — applying mathematical techniques to economic analysis
- 2
Theory of the firm mastery — understanding cost curves, profit maximisation, and market structures
- 3
IA completion — finalising the portfolio with HL-level depth and analysis
- 4
Extended essay technique — sustaining economic arguments across longer HL responses
- 5
Cross-topic integration — connecting micro, macro, and international economics in analysis
Learning Progression
Builds On
DP 1 Economics HL with advanced theory, quantitative foundations, and policy analysis
Prepares For
IB Diploma examinations and university-level economics or business
Key Transition
DP 2 demands quantitative fluency — HL students must integrate theory, diagrams, and calculations under exam conditions.
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Frequently Asked Questions
Paper 3 is the HL-only quantitative paper requiring mathematical application of economic theory. It includes elasticity calculations, growth rates, index numbers, and policy impact analysis. Strong calculator skills and formula application are essential.
Economics HL is highly valued for economics, business, finance, and PPE (Philosophy, Politics, Economics) programmes. The quantitative Paper 3 demonstrates mathematical competence valued by competitive university courses.
HL includes detailed study of firm behaviour: cost and revenue curves, profit maximisation, and different market structures (perfect competition, monopoly, oligopoly). These concepts involve more complex diagrams and analysis than SL.
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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