IB MYP Grade 1 Economics
Economics for IB MYP Grade 1 (ages 11–12) covers how individuals, businesses and governments make choices about scarce resources. At this foundational stage, learners learn to read simple economic data, explain supply, demand and trade-offs and evaluate economic decisions.
What learners will do
- Read simple economic data
- Explain supply, demand and trade-offs
- Evaluate economic decisions
How Economics is assessed
MYP Individuals and Societies is assessed against four criteria: A (knowing and understanding), B (investigating), C (communicating) and D (thinking critically).
Study tip
Build a simple timeline or concept map for each unit. Seeing the whole picture on one page makes revision much faster.
Who is this Economics page for?
It is for IB MYP Grade 1 learners, typically aged 11–12, and for the parents and teachers who support them.
Where do I start?
Browse the resources on this page and start with any marked Free.