IB Economics Tuition in Singapore (HL & SL)
Think with clarity. Write with purpose.
Our IB Economics programme brings theory to life through real-world issues – from domestic markets to global trade. We build the core IB skills of analysis, evaluation, and evidence-based discussion, helping students become globally aware thinkers who express complex ideas with clarity and purpose. Whether it’s for Paper 1, Paper 2, or Paper 3 (HL), we guide students to think deeper, write better, and exemplify the IB learner profile.

Class details
- Lesson Formats
- Group, 1-to-1
- Subject Hub
- Economics
- Location
- Holland Village: 38 Lorong Mambong, Singapore 277694
- pRice
- Group: from $65/hour
- 1-to-1: from $90/hour
Topics Covered
Our IB Economics programme for Year 5 and Year 6 HL and SL students explores markets, elasticities, government intervention and market failure before moving into macroeconomic policy, international trade and development. HL study also covers behavioural economics and the theory of the firm, with revision and paper-specific exam practice.
Year 5: Higher Level (HL)
Term 1
- Demand
- Supply
- Price Mechanism
- Elasticities: Price Elasticity of Demand (PED)
- Elasticities: Income Elasticity of Demand (YED)
- Elasticities: Price Elasticity of Supply (PES)
- Government Intervention: Taxation
- Government Intervention: Subsidies
- Government Intervention: Price Ceiling
- Government Intervention: Price Floor
Term 2
- Market Failure
- Behavioural Economics
- Theory of Firm: Perfect Competition
- Theory of Firm: Monopoly
- Theory of Firm: Oligopoly
- Theory of Firm: Monopolistic Competition
- [Revision] Price Mechanism
- [Revision] Elasticities
- [Revision] Government Intervention in Microeconomics
- Exam Practices: Paper 1, Paper 2 and Paper 3
Year 5: Standard Level (SL)
Term 1
- Demand
- Supply
- Price Mechanism
- Elasticities: Price Elasticity of Demand (PED)
- Elasticities: Income Elasticity of Demand (YED)
- Elasticities: Price Elasticity of Supply (PES)
- Government Intervention: Taxation
- Government Intervention: Subsidies
- Government Intervention: Price Ceiling
- Government Intervention: Price Floor
Term 2
- Market Failure
- [Revision] Price Mechanism
- [Revision] Elasticities
- [Revision] Government Intervention in Microeconomics
- Exam Practices: Paper 1 and Paper 2
Year 6: Higher Level (HL)
Term 1
- Absolute Advantage and Comparative Advantage
- Trade Protectionism
- Exchange Rates
- Balance of Payments
- Economic Integration
- Economic Development
- [Revision] Demand-side and Supply-side Policies
- [Revision] Inflation
- [Revision] Unemployment
Term 2
- [Revision] Price Mechanism
- [Revision] Elasticities
- [Revision] Government Intervention in Microeconomics
- [Revision] Market Failure
- [Revision] Behavioural Economics
- [Revision] Theory of Firm
- [Revision] Economic Growth
- [Revision] Income Inequality
- [Revision] Macroeconomic Objectives
- [Revision] Sustainable Debt
- Exam Practices: Paper 1, Paper 2 and Paper 3
Term 3
- The Allocation of Resources
- [Revision] Market Failure
Year 6: Standard Level (SL)
Term 1
- Trade Protectionism
- Exchange Rates
- Balance of Payments
- Economic Integration
- Economic Development
- [Revision] Demand-side and Supply-side Policies
- [Revision] Inflation
- [Revision] Unemployment
Term 2
- [Revision] Price Mechanism
- [Revision] Elasticities
- [Revision] Government Intervention in Microeconomics
- [Revision] Market Failure
- [Revision] Economic Growth
- [Revision] Income Inequality
- [Revision] Macroeconomic Objectives
- Exam Practices: Paper 1, Paper 2 and Paper 3
Term 3
- The Allocation of Resources
- [Revision] Market Failure
- [Revision] Inflation
Class Structure
At Axiom Education, our classes are structured to ensure every student gains a deep understanding of the material while building the skills to tackle exam questions with confidence.
Breaking Down Theory
We start each lesson by covering the key theories for the topic, breaking them into smaller, easily digestible sections. This approach helps students grasp even the most complex concepts effectively.
Applying the Theory
Next, we demonstrate how to apply these theories to real-world problems, guiding students step-by-step through practical examples.
Exam-Style Practice
In the final half-hour, students attempt progressively challenging exam-style questions. This reinforces their understanding, builds confidence, and prepares them to excel in any test situation.
Our structured yet engaging approach ensures that students leave every class not only equipped with knowledge but also the skills to use it effectively when it matters most.
Student Benefits
Axiom Education’s tuition classes in Singapore combine weekly lessons with comprehensive study notes and summary sheets to support learning and exam revision. Students also receive 24/7 academic support and free consultations to help them clarify questions and strengthen their understanding between lessons.
Weekly Lessons
Specially Compiled Comprehensive Notes
Summary Sheet
24/7 Academic Support
Free Consultation
Free Snacks
Your Tutors

Kong Man Sheng
15 Years of Teaching Experience
Bachelor in Economics, University of Nottingham

Megan Tan
2 Years of Teaching Experience
[Undergraduate] Bachelors in Human Resources Management, Singapore University of Social Sciences
Axiom's HL/SL Economics Testimonials
Read testimonials from students who attended Axiom Education’s classes in Singapore. Discover their experiences of the lessons, tutor support and exam preparation, alongside the academic results they share.
Class Pricing
Price for Group HL/SL Economics Classes
Four weekly lessons of 2 hours each. $65 per hour. Sign up for our Early Bird 2027 promotion to save even more.
$5204 x 2-hour lessons per monthEarly Bird 2027 Promo for 2027 intake.
Only for the first 150 sign-ups, valid until .
Month package
- Number of lessons: 4
- Coverage period: January
- Fee Discount: $50
- Total Savings: $138
Term package
- Number of lessons: 10
- Coverage period: Term 1
- Fee Discount: $200
- Total Savings: $288
Semester package
- Number of lessons: 21
- Coverage period: Term 1, March Holidays and Term 2
- Fee Discount: $500
- Total Savings: $588
Price for 1-to-1 HL/SL Economics Classes
Book a trial at $90 per hour, continue à la carte at $120 per hour, or choose a larger package for a lower effective hourly rate.
as low as$90per hourVolume package pricing for one-to-one tuition.
10-hour package
- Number of hours: 10
- Package Price: $1120
- Effective Hourly Rate: $112
25-hour package
- Number of hours: 25
- Package Price: $2500
- Effective Hourly Rate: $100
50-hour package
- Number of hours: 50
- Package Price: $4500
- Effective Hourly Rate: $90
Frequently asked questions (FAQs) about HL/SL Economics tuition
Tuition supports a student’s concept understanding and provides practice to enrich the application of the theory learnt. Your school remains the key source of coursework deadlines, assessment instructions and submission requirements.
Share your subject, Year 5 or Year 6, and HL or SL level. For Mathematics, also specify AA or AI. Include your school’s current topics and examination session so Axiom can confirm suitable coverage and availability.
Yes. Axiom Education supports IB Diploma students sitting either the May or the November examination session.
Our IB group classes in Mathematics, Chemistry, Physics and Economics are planned around the November session, which is the session taken by most mainstream IB schools in Singapore (such as ACS(I), ACS(Int), SJI, SJI(Int), HCIS, SOTA). Lessons follow the school calendar, so content is covered in time for school assessments, mock examinations and the final papers.
If you are sitting the May session, which is common in international schools (such as UWCSEA, Dulwich), we offer 1-to-1 lessons in the same four subjects. Your tutor builds the lesson plan around your school’s pace and your examination date, so you are never rushing to catch up or covering topics too early.
Not sure which option suits you? Book a trial lesson and we’ll help you work out the right plan for your session and subjects.
Axiom’s IB Economics description emphasises linking theory to real world examples, developing analysis and evaluating arguments with evidence. Bring a response where you struggled to go beyond describing an idea. Include the question and your HL or SL level so the discussion addresses the relevant requirements.
Suggested reads for HL/SL Economics
Learn tips, tricks, and advice to enhance your HL/SL Economics understanding. Alternatively, visit our blog to learn general examination tips or advice for other subjects!

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