IB MYP Grade 5 Economics
Economics for IB MYP Grade 5 (ages 15–16) covers how individuals, businesses and governments make choices about scarce resources. At this advanced 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
Always ask "why does this matter?" Linking facts to causes, consequences and perspectives is what lifts a good answer into a great one.
Who is this Economics page for?
It is for IB MYP Grade 5 learners, typically aged 15–16, 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.