Business Management and Economics

The Koç School Business Management and Economics Department delivers the IB curriculum at both Higher and Standard Levels in both Business Management and Economics to 11th and 12th grade students. Both of these courses will develop skills that are essential for not only the students’ course but equip them with techniques that will be used throughout their academic careers. The course also requires consideration of other disciplines and has clear dovetailing with the Theory of Knowledge considerations.

Economics is an exciting, dynamic subject that allows students to develop an understanding of the complexities and interdependence of economic activities in a rapidly changing world. At the heart of the economic theory is the problem of scarcity. Owing to scarcity, choices have to be made. The economics course, at both SL and HL, uses economic theories, models and key concepts to examine the ways in which these choices are made: at the level of producers and consumers in individual markets (microeconomics); at the level of the government and the national economy (macroeconomics); and at an international level, where countries are becoming increasingly interdependent (the global economy). The DP economics course allows students to explore these models, theories and key concepts, and apply them, using empirical data, through the examination of six real-world issues.

The Business Management course is designed to develop students’ knowledge and understanding of business management theories, as well as their ability to apply a range of tools and techniques. Students learn to analyze, discuss and evaluate business activities at local, national and international levels. The course covers a range of organizations from all sectors, as well as the sociocultural and economic contexts in which those organizations operate. The course covers the key characteristics of business organization and environment, and the business functions of human resource management, finance and accounts, marketing and operations management. 

Economics and Business Management classes at The Koç School are designed and delivered in a collaborative manner to enhance student learning and will require that academic theory is considered in the context of the real world with an emphasis on the dynamic and international environment. This equips students with an ability to critically appraise the validity of theory whilst observing these theories in the commercial world. The Department benefits from its teachers who are all experienced in international education and the IB curriculum.

IB curriculum for both subjects can be reached through this link.