Economics essay questions ib

What makes a good research question?
Contents:
  1. Group 3 Essay writing skills
  2. IB Econ Sample essay from L7 graduate
  3. The Secret of an 8 Mark IB Question
  4. Structure/Plan Of Action
  5. Economics Paper 2 past Papers Ib - the Story - Horizon Digital

Finally, refer to the new equilibrium, noting whether the price and quantity are now higher or lower. Like paper 1, the evaluative question, part d, requires you to look at different points of view on a policy described in the text. However, for paper 2 you also need to quote from the text, making this the base of your evaluation.

Group 3 Essay writing skills

This makes it easier to plan, because you can use the text to find evaluative points, but try to extend these, using the SLAP framework above, to show that you appreciate the broader scenario. Appear in paper 3, although the IB usually include a topic that has not come up before. However, knowing these frequently examined areas will help you to prepare for questions that are likely to come up. A large proportion of at least one of the questions on paper 3 is maths based. When answering this question, ensure that you double check your maths I find rewriting my answer on a spare piece of paper is useful and ensure that all answers are to 2 decimal places.

I cannot emphasise enough how important definitions and diagrams are — They are the keys to your success! These are questions which are quick and easy to pick up marks on without a great amount of time spent revising. Understanding here is vital. Economics more than any other subject is about understanding what is happening, not merely memorising a diagram or definition. For example, knowing why a monopoly can make abnormal profit but a perfectly competitive firm cannot will help you to draw the diagram without memorising it.

Knowing why is key. If you want support drawing diagrams or building essay plans please do get in touch with our tutoring team. When I was revising for paper 1, I would include everything that I needed to answer the question in a bullet point plan. For instance, I would note down what 2 points in the definition would get me the marks, draw any diagrams and set out my evaluative points and examples.

This meant I could practice a full essay in minutes, meaning I revised more content in less time. My plan in the exam was much more condensed, but doing this also helped me recognise which points I needed to note down in my plan to remember and which points I knew off-by-heart. You can convert these plans into posters for your wall as excellent revision prompts.

IB Econ Sample essay from L7 graduate

I revised one plan per day, reading the plan and repeating it to myself before I went to bed. This meant I had revised my essay plans 3 to 5 times before the final exam and could reproduce them almost without thinking, leaving more time to write and include more detail.

IB Econ Grading

Examples are a brilliant way to show that you understand where this economics applies in real life! For example, if you are talking about a natural monopoly you could discuss the London Tube network and the infeasibility of another entrant operating tube trains. From a macroeconomic perspective, when talking about economic growth you can discuss the differing fortunes of the Asian tiger and European economies over the past 30 years. Many examples can be found in current affairs, so keeping up to date by reading a newspaper each week or watching the news every morning will give you plenty of examples to choose from!

We hope you enjoyed reading our hints and tips, best of luck in your Economics exam! Share with Facebook. Enquire Now. IB Resources We compiled all the resources we create for International Baccalaureate students on this page. Use your reading time Using your 5 minutes of reading time is key as it gives you the opportunity to plan which questions you will answer and the diagrams you will use.

Making a plan When you can start writing, we recommend taking the first 5 minutes of the exam to plan how you are going to answer each question. Photo by Glenn Carstens-Peters 3. Timings Structuring your timings is key for paper 1 as you will be pushed for time to get everything you want into your answer.

The Secret of an 8 Mark IB Question

Do not redraw diagrams If you have a diagram in a previous section of your answer unless there is anything that changes you do not need to redraw it. Domestic factors International trade. Foreign finance Foreign aid Foreign debt. Balancing markets and intervention. Teacher planning. We encourage teachers to use the site as they develop their own approaches to incorporating ICT into their teaching and learning environments.

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To purchase without a recurring membership, click here. To organise direct credit payments, invoices, purchase orders, special orders, etc. IB Economics is a premium website and we provide a premium service. If you are a student looking for support and academic advancement, or a teacher looking to engage and advance his or her students then this is an investment you need to make. Most popular! All resources are freely available to our members so that they have everything they need to target that IB Economics 7 or, indeed, just get that pass mark!

We want to ensure your success in the IB Economics course. This site is designed to provide you with everything you need to ensure you achieve the highest level of success in the IB Economics course. We show you exactly how to get that IB Economics 7! IB Economics - Flashcards. This means that the reading time is even more valuable than in paper 1, but you must use it wisely! We recommend looking at parts a to c, not part d, to choose which questions to answer.

As explained below, definition, list and diagram questions parts a to c are easier and quicker to pick up marks on than evaluative questions part d , so parts a to c should decide which question you answer. Once you have picked your question for section A and section B, begin reading the articles provided, underlining any key quotations and evaluative points that will be useful later on.

Structure/Plan Of Action

The first section of each question will be 2 definition or list questions. These are the best area to pick up marks on paper 2 as you can gain 4 marks in 2 minutes. Each definition or list question has 2 marks so there will be 2 or 3 key points you need to include. For example, to get 2 marks for a definition of infrastructure you must include:. Practising these regularly and often is the key to success.

I would recommend using an app such as Quizlet or Memrise to help you concentrate on the definitions you often struggle with. Like definitions, diagrams are best learnt by regularly drawing them and understanding what is going on. Regularly drawing diagrams from memory 3 to 5 diagrams per week will help you replicate these during the exam when you may be a little more stressed. Once you know you can draw the diagram, work on increasing your speed, so that you can draw all diagrams in under 2 minutes yes, even a theory of the firm diagram!

Get your parents and siblings to test you on this using flashcards or, better yet, organise a lunchtime group that meets once per week to compete for who can draw the diagrams the quickest ensuring they are accurate as well. When annotating or analysing a diagram the explanation underneath , keep this brief enough that it addresses all of the key points without being overly-long.

A useful structure for this is to start by outlining what the diagram shows in 1 sentence. Then, list the axes labels, followed by the initial equilibrium.

AS Economics Essay Questions 9708 part 2

Explain the shift that takes place, quoting from the text, and referring to both how which curve shifts and why the underlying economics the change occurs. Finally, refer to the new equilibrium, noting whether the price and quantity are now higher or lower.

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Economics Paper 2 past Papers Ib - the Story - Horizon Digital

Like paper 1, the evaluative question, part d, requires you to look at different points of view on a policy described in the text. However, for paper 2 you also need to quote from the text, making this the base of your evaluation. This makes it easier to plan, because you can use the text to find evaluative points, but try to extend these, using the SLAP framework above, to show that you appreciate the broader scenario.


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Appear in paper 3, although the IB usually include a topic that has not come up before. However, knowing these frequently examined areas will help you to prepare for questions that are likely to come up. A large proportion of at least one of the questions on paper 3 is maths based. When answering this question, ensure that you double check your maths I find rewriting my answer on a spare piece of paper is useful and ensure that all answers are to 2 decimal places.

I cannot emphasise enough how important definitions and diagrams are — They are the keys to your success!


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These are questions which are quick and easy to pick up marks on without a great amount of time spent revising. Understanding here is vital. Economics more than any other subject is about understanding what is happening, not merely memorising a diagram or definition.