The Key Concept is a new addition to the Economics Syllabus for first examination in 2022. Compared to the previous IB Economics syllabus, students are now expected to write each of their three IAs based on a different key concept intergrated throughout the course. These are scarcity, choice, economic well-being, efficiency, change, interdependence, intervention, equity, and sustainability. There are obvious links that can be made between each of the key concepts and the content you learn throughout IB Economics but according to feedback from IB Examiners for the IA in the new Economics syllabus, many have noted that the use of the key concept is insufficient and that students don’t really have a good understanding of the key concept. So today, I will share what it really means to USE the key concept in your IA and how to do it well.
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