How should I structure IB Economics Paper 1 style questions?

Part (a) 10 marks, Explain... (15 minutes approx). -Plan your answer (5 mins) Make sure to include: -Definitions of key terms -Graphs -Explanations for graphs and theory/concepts, backed up with examples To get 9 or 10 marks, you need to demonstrate: -Clear understanding of the specific demands of the question -Relevant economic theory clearly explained and developed -Relevant economic terms clearly defined -No major errors -Where appropriate, diagrams included and explained -Where appropriate, examples used Part (b) 15 marks, Evaluate...or discuss a statement (30 mins) -Plan your answer (5 mins) Make sure to include: -Definitions of key terms -Graphs -Explanations for graphs and theory/concepts, backed up with examples -Evaluation!: ->consider short-term versus long-term consequences ->examine the impact on different stakeholders ->discuss advantages and disadvantages ->prioritize the arguments ->and remember for macro that you can evaluate according to each macroeconomic objective --->CHOOSE 1 or 2 OF THESE TECHNIQUES To get 13 to 15 marks, you need to demonstrate: - Clear understanding of the specific demands of the question -Relevant economic theory clearly explained and developed -Relevant economic terms clearly defined -No major errors -Where appropriate, diagrams included and explained -Where appropriate, examples used -Evidence of appropriate evaluation

MS

Related Economics IB answers

All answers ▸

How does the imposition of a tariff on the market for cigarettes in Italy affect its consumers and producers?


Explain one reason why governments impose indirect taxes.


How can expansionary fiscal policies support an economy in closing a deflationary/recessionary gap?


What are negative externalities of consumption? Explain with a diagram.