The Best IBDP Subject Combinations for Economics and Finance
Planning to study Economics, Finance, Banking or Investment after the IBDP? The selection of suitable Higher Level (HL) subjects will enhance your studies for university level quantitative analysis and economic theory and financial decision making.
The IB Diploma Programme does not specify the most suitable courses to take alongside Economics and Finance. The subjects will be different in various universities and degree programmes so it is best for students to check their universities of interest before deciding their subjects. The IB recommends checking each university's requirements when making choices as to the DP subjects.
What are the Best IB Subjects for Economics and Finance strand?
Many students have a strong combination of:
Mathematics: Analysis and Approaches (AA) HL + Economics HL + another relevant HL subject such as Business Management
This blend of quantitative skills, economic theory and insight into the dynamics of organisations and markets is an extremely valuable mix.
If you are interested in pursuing very quantitative Economics or Finance courses, Mathematics AA HL is worth considering. The course is designed to foster mathematical thinking, problem solving, abstraction and analysis.
Why is Maths AA HL Important for Economics?
Yes, especially in the field of competitive and mathematical-based Economics degrees.
University requirements vary but it will be useful for having a good mathematical background for subjects like econometrics and statistics, financial modelling, and quantitative economics.
It is not assumed that Mathematics AA HL will be a compulsory course for all students. Different IB Mathematics courses will be accepted at some universities depending on the programme. For instance, courses that are compulsory for Mathematics at Oxford will typically accept Mathematics AA or Mathematics AI at HL provided certain other criteria are met.
Should I Take Economics HL?
Economics HL is a good option if you have a strong sense that you are interested in Economics or Finance.
The IB Economics course introduces students to microeconomics, macroeconomics and the global economy and asks students to analyze real-life economic issues.
Economics HL thus offers some academic preparation for students moving on to an Economics or related degree.
What Should be Third HL Subject Be?
The third HL should not just be a popular combination – it should support your goals.
Business Management HL
Recommended for students who are interested in general business finance, entrepreneurship or management.
Computer Science HL
Good choice for students with an interest in fintech or financial technology, data or quantitative applications.
Physics HL
May be suitable for students with a strong analytical interest, who may wish to maintain a continuation of STEM related pathways.
History or another humanities subject
May offer more comprehensive analytical and essay writing skills in addition to quantitative subjects.
Best IBDP combinations By Career Goal
Economics
Maths AA HL + Economics HL + an other strong academic subject
Finance
Maths AA HL + Economics HL + Business Management/ Computer Science
Investment Banking
Maths AA HL + Economics HL + Business Management/Courses Computer Science
Fintech
Maths AA (Advanced Higher) and Economics (HL) and Computer Science (HL).
Business Economics
Maths AA HL + Economics HL + Business Management HL
Economics and Finance Subjects in Dubai: A selection guide.A Guide on choosing Economics and Finance Subjects in Dubai.
Students taking the IBDP in Dubai or any other part of the UAE should take into account which universities they would be going to in the UAE and which universities they will be attending internationally. Some schools and countries may require different admission standards.
Support for students to compare and contrast their IBDP subject choices in Economics and Finance, academic interest, career goals and university requirements.
Frequently Asked Questions (FAQs)
Which 3 subjects are best for the HL in Economics?
Maths AA HL and Economics HL are good complements. The third subject should be related to your university and career objectives.
Do you have to take Maths AA HL in Finance?
Not universally. Be sure to read the individual admissions requirements of the universities to which you plan to apply.
Should I take Economics HL or Business Management HL?
Economics HL is usually a more direct choice for an Economics degree, while Business Management could be integrated as part of a business pathway.
Does IB Scholars have subject guidance for students in Dubai?
Yes. IB Scholars can assist students in Dubai and the UAE to consider the appropriate combinations to choose from in the IBDP based on their future university and career plans.
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