You have chosen this course because because you are probably interested in one or more of the following kinds of questions:
1. How are businesses managed?
2. What do managers do to run their businesses successfully?
3. How do managers make plan and make decisions?
4. How can we tell whether a business is healthy or sick?
5. How are businesses born? How do they grow, evolve and die?
Presumably, you wish to run your own business, or make a career in management. In order to do this, you will need to develop answers to these and many other questions. In doing so, you will need to borrow concepts and techniques from a number of other disciplines, such as mathematics, psychology, sociology and economics. This makes it a truly interesting field of knowledge.
But please understand that just as you cannot learn to play basketball by reading a book and writing exams and papers about the game, success in this course is not a guarantee that you will be a successful businessperson. For that, you will need business opportunities, capital and luck. But within yourself, you will need skills of analysis and communication, and the ability to judge and relate to other people, often from cultures very different from your own.
This course will hopefully equip you with some of the skills of analysis and inquiry, and some insight into the human aspects of business. The capital and luck you will need to find elsewhere, but you can try and develop some of the human attributes of a good manager while you are in this course.
Economics HL covers traditional micro- as well as macroeconomics, as well as their applications to international trade and finance. There is also a section on development economics that includes a discussion of sustainable development.
Economics is different from Business and Management in its organizing concepts and analytical frameworks. Although both deal with markets and businesses, B&M deals primarily with problems that arise in individual businesses or organizations, viewed primarily from the perspective of a manager or employee or owner (i.e., decision-making perspective). Economics deals with questions of policy at the level of firms, markets and countries.
If you are interested in how wealth and poverty occurs in and among countries, how incentives and disincentives influence individual and social behaviour, how economic booms and crises occur and pass, this is the course for you.
Sea waves beating against a rocky shore eventually change the shapes of the rocks. Over time, the rocks in turn create new channels for the water to flow through.
In a similar fashion, the constant interaction of the mind with the world changes them both. Knowledge could be regarded as the waves, the spray, the sound and the foam that is produced whenever the heaving sea of the human mind meets the rocky shoreline of the world.
The Theory of Knowledge (ToK) component of the IB diploma is designed to provide opportunities for you to become more thoughtful and attentive observers of these waves and the shore.
In TOK, you are expected to think about how you think in different areas of life, learning and experience. These areas not only include academic subjects such as the natural and human sciences, history, mathematics and literature, but also areas of personal or collective decision-making or judgment, such as culture, morality, politics and aesthetics.
The object of this course is to make you aware of the varieties of knowledge, belief and judgment. You are expected to explore the different ways in which you construct your understandings and opinions with the materials of experience and ideas, using the tools of perception, reason, language and emotion. You are expected to be able to develop habits of sound reasoning, and the capacity to explore, express and evaluate different perspectives.
You will be expected to maintain a journal, participate in discussions, express yourselves clearly, and deal respectfully with intellectual differences. The main instruments of assessment for the IB Diploma are a digitally recorded group oral presentation on a topic chosen by the members of the group, and and an essay on a title chosen from a list published in advance by the IBO.