The Grade 12 IB Economics HL/SL rubric provides a structured framework for assessing students’ understanding of key economic concepts; theories; and real-world applications. It evaluates students across four criteria: knowledge and understanding; application and analysis; synthesis and evaluation; and use and command of economic terminology. Each criterion is designed to measure different dimensions of a student’s analytical and critical thinking skills; ensuring a comprehensive evaluation of their economic literacy. The rubric emphasizes the application of economic theories to real-world scenarios; encouraging students to analyze contemporary issues such as market failures; international trade; and government policies. By focusing on both quantitative and qualitative analysis; the rubric helps students develop a balanced perspective on economic decision-making. The synthesis and evaluation criterion challenges students to integrate knowledge from different topics; fostering higher-order thinking and the ability to construct well-reasoned arguments. For educators; the rubric serves as a clear guide for delivering consistent and objective assessments. It aligns with the IB’s inquiry-based approach; promoting active learning and engagement with global economic challenges. Students benefit from the rubric’s detailed feedback; which identifies strengths and areas for improvement; supporting their academic growth. The use of precise economic terminology is also emphasized; ensuring students communicate their ideas effectively and professionally. Overall; the IB Economics HL/SL rubric prepares students for higher education and careers by cultivating analytical rigor; problem-solving skills; and a deep understanding of economic principles. Its structured yet flexible design makes it an effective tool for both teaching and learning in a dynamic and interconnected world.
