IB MYP 8 Economics
Ancourage Academy · IB MYP · MYP 8
Content reviewed: Jan 2026
IB MYP 8 Economics tuition at Ancourage Academy in Singapore (Bishan & Woodlands) offers small groups of 3-6 learners, aligned with the IB Middle Years Programme Individuals and Societies framework. Weekly 2-hour lessons use our ESB methodology to develop advanced economic reasoning, data analysis, and evaluative writing for MYP criterion-based assessment. "Economics understanding deepens when students connect abstract models to global market realities," observes our academic specialists. Our structured approach helps students build confident market analysis with trade understanding and policy evaluation skills.
What Makes Us Different
Our proven teaching methodology combines evidence-based approaches for maximum learning effectiveness
Ebbinghaus Memory Theory
Planned retrieval practice at expanding intervals — weekly topic quizzes, monthly mixed reviews, and term revision cycles — timed to strengthen memory just before it weakens, so knowledge stays accessible under exam pressure.
Socratic Questioning
Probing questions that surface each student's reasoning — 'Why did you choose that method?' and 'What if the question changed this detail?' — revealing gaps in understanding early so misconceptions are corrected before they compound.
Bruner's Scaffolding
Graduated support from fully guided to fully independent — tutors first model the solution, then prompt during practice, then observe silently — systematically building competence while ensuring students do not develop reliance on hints.
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
- ✓Scarcity, choice and opportunity cost — Analysing how limited resources create trade-offs at individual and societal levels.
- ✓Markets and demand/supply — Introduction to how markets work, price signals, and the role of competition.
- ✓Money and finance — Exploring money as a medium of exchange, personal finance basics, and the role of banks.
- ✓Trade and globalisation — Understanding the benefits and challenges of local and international trade.
- ✓Economic systems — Comparing market, planned, and mixed economies, with real-world examples.
- ✓Data handling — Interpreting charts, tables, and statistics to support economic reasoning.
- ✓Sustainability and resources — Exploring how economic activity impacts the environment and sustainable resource use.
- ✓Assessment readiness — Building familiarity with MYP Individuals and Societies criteria: Knowing and Understanding, Investigating, Communicating, Thinking Critically.
What MYP 8 Economics students commonly work on
- 1
Economic terminology — using precise vocabulary for markets, trade, and systems
- 2
Supply and demand — applying market concepts to real-world scenarios
- 3
Data interpretation — analysing economic data and drawing conclusions
- 4
Evaluative reasoning — weighing costs and benefits of economic decisions
- 5
Global economic connections — understanding international trade and its impacts
Learning Progression
Builds On
MYP 7 foundations in scarcity, choice, and economic systems
Prepares For
MYP 9-10 advanced economic analysis and examination preparation
Key Transition
MYP 8 deepens economic reasoning — students analyse markets and policy choices with increasing sophistication.
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Frequently Asked Questions
MYP 8 Economics develops analytical thinking, data interpretation, and evaluative writing skills valuable for economics-related Personal Projects. Students learn to investigate economic questions systematically and present findings with appropriate evidence.
Students explore supply and demand, price mechanisms, and market competition. They learn how markets allocate resources, why prices change, and how government interventions affect market outcomes.
MYP 8 Economics examines international trade, globalisation, and development challenges. Students develop understanding of how economic decisions in one country affect others and explore issues of inequality and sustainable development.
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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