2IB Economics class field trips
Learning economics in the IB is a multifaceted course that explores the principles of microeconomics and macroeconomics, emphasising critical thinking and analytical skills. Students engage in the examination of real-world economic issues, honing their ability to analyse data, evaluate economic policies, and comprehend the global implications of economic decisions.
The IB Economics class at Nesbru recently undertook three insightful field trips in both Oslo and Slependen, offering the students practical insights into economic concepts beyond the classroom.
IKEA visit: The students visited the local IKEA to learn about elasticity of supply and demand, as well as real life examples of substitute and complementary goods. They finished the trip by creating posters explaining and analysing the different examples of how the company functions, uses concepts of nudge theory and consumer psychology to attract customers.
Nordea Visit: The second trip took students to Nordea, where they delved into personal budgeting. Nordea's experts provided valuable insights into responsible financial habits, helping students understand the intricacies of managing income, expenses, savings, and investments. They also explored the world of stock investments and how shares work within the stock market.
NHO Exploration: This trip took students to the Confederation of Norwegian Enterprise (NHO), where they explored EU economics and delved into the complexities of Brexit, economic sanctions and the European Open Market. Discussions at NHO emphasised the importance of the European Free Trade Association (EFTA) for Norway and its businesses.
Overall the students had a wonderful time, and gained an educational experience which will aid them as they continue to explore the world of IB economics.