IB Economics Required Diagrams
Master IB Economics with this complete SL and HL diagrams list. All required diagrams for micro, macro and international economics. HL diagrams marked.
IB ECONOMICSIB ECONOMICS SLIB ECONOMICS HLIB ECONOMICS MACROECONOMICSIB ECONOMICS MICROECONOMICSIB ECONOMICS INTRODUCTIONIB ECONOMICS THE GLOBAL ECONOMY / INTERNATIONAL TRADE
Lawrence Robert
1/2/20262 min read
Complete Guide to IB Economics Diagrams
Mastering economic diagrams is essential for IB Economics success. The IB requires you to construct and explain specific diagrams for each syllabus section. This guide organises all required diagrams by topic, with HL-only diagrams clearly marked in bold.
What You Need to Know:
All diagrams must be accurately drawn and fully labelled
You must explain the economic concepts the diagrams illustrate
IB Economics HL students have additional diagrams beyond the IB Economics SL requirements
Practice drawing these from memory - exams don't provide templates
IB Economics - Syllabus and Programme Full Guide →
How to Master IB Economics Diagrams
Essential Practice Strategies
Draw from memory: Practice constructing each diagram without looking at examples. In exams, you'll need to draw them accurately without templates
Label everything: Every axis, curve, shift, and area must be clearly labelled. Missing labels cost marks
Explain IB Economics theory: Drawing the diagram is only half the task - you must explain what it shows and why it matters
Link to IB Economics real-world examples: Connect each diagram to current economic situations or case studies you've studied
HL Students: Additional Requirements
If you're taking Higher Level Economics, pay special attention to diagrams marked in bold throughout this guide. These include:
All market power diagrams (perfect competition, monopoly, monopolistic competition, oligopoly)
Phillips curve analysis
Money market equilibrium
Comparative advantage with linear PPCs
J-curve and Marshall Lerner condition
Crowding-out effect
Construction of Lorenz curves from data
Common Mistakes to Avoid
Drawing supply curves downward sloping or demand curves upward sloping
Forgetting to show the shift vs movement distinction
Not labelling equilibrium points clearly (E1, E2, etc.)
Missing arrows to show direction of shifts
Incomplete labelling of welfare areas (consumer surplus, producer surplus, deadweight loss)
Ready to Practice?
This guide provides the complete list of required diagrams, but understanding comes from practice. Work through each section systematically, starting with the foundation concepts and building up to more complex diagrams.
For detailed explanations, worked examples, and practice questions for every diagram, check out our comprehensive IB Economics Diagrams resources.
IB Economics Diagrams Programme, What's included:
200+ exam-ready diagrams covering the entire IB Economics syllabus
Video for every diagram showing you exactly how each model looks
Image version perfect for modelling diagrams in you essays, presentations, and your IA
Detailed written explanations of the IB Economics theory behind each diagram
Both SL and HL IB Economics diagrams clearly labelled and organised by topic
Real IB Economics exam application showing how to use diagrams effectively in IB Economics Paper 1, IB Economics Paper 2 and IB Economics Paper 3 HL
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