So this article will serve as a kind of extension to a previous article I wrote which you can access through this link.

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Economics. Boring to study (debatable). Very useful later in life. Today we’re focusing on IB Economics Paper 1 tips. This is gonna be more technique based.

As with all the techniques I’ve been posting about up until now, you want to make sure that you know your content fairly well enough.

In this video, we explain the biggest difference between a 10 and 15 mark question on the Economics Paper 1 exam. For more articles on IB Economics, head ove. (Purchase this PDF)(Paper 1 discussion board)https://business-tes.w. Mattlidens IB Economics. Simon Wallen IB Economics. IB economics - Old syllabus. Economic Definitions. Internal Assessment. Lecture Theory Slides.

If you’re going to do well for Econ, you DEFINITELY need to know your stuff before you walk into that exam. Now, let me just say that the IB Economics Paper 1 exam is A LOT easier if you have a method for doing it.

The advice I’m going to share today entirely revolves around your structure first. We’ll get into the analysis part at a later stage. So let’s get into it.

Structure/Plan Of Action

Planning is a general theme to pretty much all my articles. There will be no exception for this IB economics paper 1 tips article. Planning is key and I know it’s a cliché to say this but when you fail to plan, you plan to fail. Simple as that.

Don’t worry too much about that though. This is a pretty simple structure to follow so you won’t need to worry too much. It’s not very technical. Pretty much “IB Economics Paper One For Dummies” if you know what I’m sayin’.

So. How should you go about planning? With this, fool proof, examiner-friendly acronym that I credit my former Economics teacher for brining to our attention. It’s called DEED in the case of the 10 mark question and DEEDE in the case of the 15 mark question.

“Ok. Great. Fantastic. Stupendous, Rhys. Yeah I TOTALLY get what the acronym is supposed to mean”

Whoa calm down not so fast. I’m not done explaining it yet.

So What’s DEED and DEEDE Stand For?

First of all, I have to clarify that you use DEED for the 10 mark questions only. This is because for the 15 mark question, you need to add an evaluation. DEED basically stands for this:

D – Definitions

E – Explanation

E – Examples

D – Diagram

And since you know the 15 mark question needs to include and evaluation part to it, you know the final E in DEEDE is going to be:

E – Evaluation

Now you’re going to want to remember this acronym for the test and format your answer entirely around that format. Trust me. It’s foolproof if you’ve nailed your analytical writing.

So how would you go about answering a 10 mark question using the DEED format? For this, we’re going to look at an example from an actual past paper (Please don’t sue me IBO if you’re reading this)

This is the Microeconomics Question from the IB Economics November Past Paper:

For 10 marks:

“Explain why a government might decide to impose an indirect tax on the consumption of cigarettes”

For 15 marks:

“Discuss the possible consequences of the imposition of an indirect tax on cigarettes for the different stakeholders in the market”

We’re going to break down these two questions with the handy IB Economics paper tips I have in mind in the next two sections.

How To Structure Your 10 Mark Questions – IB Economics Paper 1 Tips

So remember DEED? Yeah. We’re gonna apply it now so don’t get TOO excited.

Definitions

Let’s start off with the easiest one (assuming you’ve done your content revision well). This is the part where you define all the theories or economic terms that you’ll be writing about.

So in the 10 mark question above, you may choose to define what an indirect tax is and also what demerit goods are (because cigarettes are demerit goods). Simple as that. Two definitions defined. Next.

Explanation

You could also write your example here if you wanted. It doesn’t really matter which route you take. So long as you’re clear, your answer flows well, and your explanation and examples are good obviously.

For the explanation, you’d have to get analytical and explain the theory of a government implementing an indirect tax on cigarettes. So how does the theory work? How does implementing an indirect tax help a government raise revenue and reduce the overall consumption of cigarettes?

That’s basically what the explaining part is about. Explaining the theory, how it works, what it’s affects are and potential flaws (you don’t actually need to mention the disadvantages of the theory unless it’s a 15 mark question).

Example

In this part of your answer, you need to basically give an example supporting your explanation and the theory you used. It can be a real life example that you know of or you could make up a hypothetical one .So you could basically go:

“For example, the government of country Y decided to implement an indirect tax on cigarettes to reduce the negative effects of passive smoking on non-smokers. As a result….”

That’s probably not such a good example. You should check with your teachers about it but yeah. That’s the general gist of how you would approach the example stage of your 10 markers. Remember. It doesn’t need to be a real world example. It can be hypothetical but you have to explain it well.

Diagrams

This is probably the easier part of the entire 10 marker. You could get some very easy marks, I’m talking 2 or 3 marks even, for drawing the diagram correctly, labelling the diagram correctly, and titling it correctly.

Points for diagrams are literally the easiest marks you can get in the IB Economics Exams. Trust me. It’s so easy to pick up marks here that you BETTER remember to include them. I know I’m blabbing on about their importance but let’s take a look at a markscheme shall we?

Now before I get into anymore detail, let’s PRAY my site doesn’t get flagged by the IBO for just giving you a sneak peek at a markscheme…

So. Notice anything different between boundaries 2 and 3?

No? Look again. It clearly says “Where appropriate, diagrams are included”. Same goes for boundary 4. You see how hard it’s going to be for an examiner to give you a mark higher than a 6 if you don’t include a diagram?

See why that’s important? 4 marks. Poof. Gone. Include your diagrams folks because it’ll make all the difference. You could have the best theory and explanations and still land a 6 instead of a 10. Diagrams are easy marks unless you forget to include them.

So. Moving on to the 15 marker.

How To Structure Your 15 Mark Questions – IB Economics Paper 1 Tips

This time we’re adding that extra E to DEED. Let’s get right into it. Here’s the question in case you forgot:

“Discuss the possible consequences of the imposition of an indirect tax on cigarettes for the different stakeholders in the market”

Definitions

Looks like indirect tax comes up again as a possible term to define. Guess what though? No worries! All you gotta do is say “Please refer to part a) for the definition of an indirect tax.” Bam. Done. Moving on.

You can move on to the next definition which is likely ‘stakeholders’ or ‘the market’. Before we move on let’s just clear things up. You don’t need to define a term that’s already been defined in the 10 marker.

You can just refer the examiner to the same definition. Gives you more time to spend on everything else (by the way we’re going to get into time management after this 15 mark section don’t worry).

Explanation

This is where you use that thing in your skull called a brain to really impress your examiners. Keep in mind examiners mark you based on how relevant your answer is to the question. SO. Your theory has to revolve around the question.

Basically you have to ask yourself “Ok so it’s asking for possible consequences on stakeholders in the market…Right so I have to think about how the indirect tax affects different stakeholders”

In these cases, it’s always good to include 3 stakeholders to really show off your writing skillzzzz. So for example in this question, the three that you would pick that would make sense would be the government, consumers, and producers of cigarettes.

Your explanation revolves around telling the examiner how the indirect tax affects all three stakeholders.

Example

Like earlier, you gotta include your examples. They can be hypothetical or real life examples that have to essentially indicate the effects of the theory you just explained in real life.

So in this case, off the top of my head, you could go:

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“The government of country Z for example decided to implement indirect taxes on alcohol. While the end result was an increase in revenue, the addictive nature of alcohol meant that country Z was unable to lower consumption for the demerit good” (In this example I’m just gonna assume demerit good was define earlier)

Probably a crap example but you get the idea.

Diagrams

Now remember children. You should never ever miss skip your daily dose of healthy diagrams or the big bad examiner will tell you off and you’ll fail your exam and you’ll fail your subject and you’ll fail IB and end up homeless and poor and starving and, and, and….. Need I say more? 😀

Ok so I’m gonna assume most of you rolled your eyes at that one. Hey man. Just so you know, I do try to make these posts as unboring as possible. Yeah I know unboring isn’t a word but I’m using it. Sue me 🙂

RIGHT enough crappy comedy. Diagrams, easy marks, draw them correctly and you’ll be alright. You get the picture. Moving on.

Evaluation

Here we go ladies and gents. The final frontier for the economics paper. Evaluation is probably what chokes up a lot of IB Economics students. For the 15 mark questions, this part makes all the difference between a 6 and a 7.

So how do we approach this? Well look at the question again:

“Discuss the possible consequences of the imposition of an indirect tax on cigarettes for the different stakeholders in the market”

It’s not asking for an evaluation that goes “In conclusion, this theory creates revenue, reduces consumption and..” NO. DO NOT go down that path. LOOK at the question again. It says “Discuss” and “Possible consequences”.

Get it yet? It’s asking for a discussion where you compare the advantages and disadvantages. If you took another route and didn’t use advantages vs. disadvantages, then a discussion with the points you wrote.

Essentially your evaluation should look more like this:

“In relation to the consequences, producers and consumers see to lose more with this indirect tax as consumers will pay more for goods that were previously cheaper and cigarette manufacturers may see a decrease in demand for their product.

Alternatively, the consequences of cigarette consumption towards society in the form of passive smoking and health problems may remain as smokers may not react to the indirect tax as cigarettes are addictive in nature.

On the other hand, the immediate benefits of an indirect tax are an increase of revenue for the government which could increase government spending on the economy.

A reduction in cigarette consumption could also lead to a reduction in negative externalities of consumption in the economy as there would be a reduction in passive smoking etc. etc.”

You get the idea.

Probably not the best answer in the world but that’s along the lines you should be writing. Use key words from the question to indicate to the examiner that you know your stuff. Also, you DO need a conclusion so you’ll need to pick, in this case, whether advantages beats disadvantages or the other way around. So it would be something like:

“Overall, upon further analysis, while it’s true that there are potential drawbacks to multiple consumers for the implementation of an indirect tax on cigarettes, there are also numerous more advantages to be considered which could benefit society and the government in the long run”

That’s basically how you would answer that.

Time Management

Ok, ok, ok I’m sorry. Look I know you’ve done a ton of reading already. Don’t worry. This part will be shorter BUT IT’S STILL IMPORTANT. So read on folks.

Bare with me now. We’re almost at the end of the post. This last part has to do with managing your time in the exam. It’s crucial so stick around.

You have an hour and a half for the exam both SL and HL. You want to be making sure you’re allocating your time efficiently.

Which question deserves more attention? The 15 marker obviously. So let’s break it down into manageable amount of information:

1 hour and 30 minutes

45 minutes per question

Since the 15 marker deserves more attention, you need to give more time to it. Depending on how fast you write, you could split it into a 15 minute and 30 minute arrangement; 15 minutes for the 10 marker and 30 minutes for the 15 marker.

Personally, I was taught to allocate 17 or 18 minutes to writing the 10 marker and 28 or 27 minutes for the 15 marker. Either way you do it, make sure you’re arranging more time for the 15 marker. Also take into account reading time of 5 minutes.

Do a lot of practice before walking into that test. It’s a monumental help. Also, just as an FYI. Make your diagrams BIG and BEAUTIFUL. Ok not beautiful but just make them big. Bigger diagrams are easier to read, mark, and are generally more appealing to the eye, especially for an overworked examiner who’s got like 30 other papers to mark.

Ib Economics Paper 1 Sample Answers Pdf

***IMPORTANT***

I may not have mentioned it explicitly with the other IB Economics paper 1 tips but I will now.

MAKE SURE that you make references to the information given to you. It’s not mandatory because you’re essentially referring to the information given to you on the paper but it’s good practice to explicitly reference of cite the info from time to time. This is applicable to both the 10 mark question and 15 mark question

Looking for some more studying tips? Here are some general, but effective, ones!

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IB Economics Paper 1 Tips Structure/Plan Of Action. Planning is a general theme to pretty much all my articles. There will be no exception for this IB economics paper 1 tips article. Planning is key and I know it's a cliché to say this but when you fail to plan, you plan to fail. Simple as that. Don't worry too much about that though examples of the over-exploitation of common access resources. Assessment Criteria Part (a) 10 marks Level Marks 0 The work does not meet a standard described by the descriptors below. 0 1 There is little understanding of the specific demands of the question. 1-3 Relevant economic terms are not defined Ib Economics Paper 1 Sample Answers Pdf Emperor Of The Sea: Samandar Ke Baadshah Spotify Premium Free Pc Sims 4 Cc Patterson Dental Canada Novel Outline Template Tubedigger 6.6 Serial Link to folder of model answer Paper 1 essays N.B. If the file has a name in the title, it means it has been composed by a previous student of mine.. [DOWNLOAD] Ib Economics Paper 1 Sample Answers | new! Economics Paper 1 is definitely something you're going to have to do a lot of practice runs on so get a chunky stack of blank paper out and prepare for some long, arduous hours of work . Paper 2 is more or less in the format of the commentaries - there is an article, from which you are to provide definitions, graphs, and an evaluation

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   IB Economics: Paper 1: Microeconomics (a

   1IBEconomics Workbook, Answer book ©Paul Hoang, IBID Press This page is not photocopiable Chapter 1 The Foundations of Economics Task 1 - Complete the missing words finite supply infinite renewable rational opportunity cost 1. demand 2. government 3. private, public 1. What 2. How 3. For whom capital Land Labour Capital profit income. IB Economics Paper 1 Tips - How To Do Long Answer Questions A lot of Economics students struggle with answering long answer questions. From my experience, here are some IB Economics Paper 1 tips that I found Trust me. It's foolproof if you've nailed your analytical writing. So how would you go about answering a 10 mark question using the DEED. Support your answer with correctly drawn and labelled diagram However there is higher output and lower prices in monopoly than in perfect competition due to economies of scale Using a diagram, explain how allocative and productive efficiency will be achieved in long run equilibrium in perfect competition Types of Research Papers in Economics 1 Theoretical 2 Empirical 3 Theoretical + empirical The key difference between these paper types is how they try to answer the research question. Dawn Powers How to Write a Research Paper in Economics IB ECONOMICS. Past Papers and Solution; INTERNATIONAL ECONOMICS HELP 2013 specimen papers and answers - new course 2013 onwards make sure you look at hl papers and not sl. economics_paper_1__tz1_hl.pdf: File Size: 169 kb: File Type: pdf: Download File. economics_paper_1__tz2_hl.pdf: File Size: 683 kb: File Type: pdf: Download File.

   10 Economics for the 1B Diploma Paper 3 Workbook b Using a separate graph, plot the total revenue curve under the demand curve in Question 5a. c Using your understanding of the concept of price elasticity of demand, explain why total revenue is maximized at the mid-point of a linear demand curve, i.e. at $5 in the above example Textbooks . Economics for the diploma, Oxford IB study guide 2nd edition by Constantine Ziogas (978-0198390015). Economics for the IB Diploma with CD-ROM, Cambridge 2nd edition by Ellie Tragakes (978-0521186407). Pearson Baccalaureate Economics for the IB Diploma (978-0435089986). IB Course Companion: Economics Second Edition by Jocelyn Blink and Ian Dorton (978-0199184996

   Economics . 7136/1 Paper 1 Markets And Market Failure (New) Final Mark scheme . 7136 . June 2017 . compare the student's answer with the example to determine if it is the same standard, better or worse than the example. You can then use this to allocate a mark for the answer based on th Economics Questions and Answers. Get help with your economics homework! Access answers to thousands of economics questions explained in a way that's very easy for you to understand In your IB Economics Paper 1 (essay paper), it is recommended that you draw at least one diagram in a part a) question (10 marks) and two to three diagrams in a part b) question (15 marks). In your IB Economics Paper 2 (data response paper), you can be asked to draw diagrams for a part b) and a part c) question (both worth 4 marks) as well as.

   Sadly, knowing the syllabus is not enough for IB economics. You will be required to apply your knowledge in the exams and for the internal assessment. So here are some resources to help you with this (including my own coursework pieces) PAPER 1 HONG KONG EXAMINATIONS AND ASSESSMENT AUTHORITY HONG KONG DIPLOMA OF SECONDARY EDUCATION EXAMINATION 2017 ECONOMICS PAPER 1 8.30 am -9.30 am (1 hour) INSTRUCTIONS I . Read carefully the instructions on the Answer Sheet. After the announcement of the start of th

   IB Economics - Paper 1 - Model Essays for the 15 mark

   • es assessment objectives 1, 2 and 4. Part (b) of the questions exa
   • IB Economics. Section 1 Micro. 1.0 Introduction to Economics; 1.1 Competitive markets, demand and supply; 1.2 Elasticities; 1.3 Government intervention in markets; 1.4 Market failure; 1.5 Theory of the firm; Section 2 Macro. 2.1 Measurement of economic performance; 2.2 Aggregate demand and aggregate supply; 2.3 The Macroeconomic objective
   • IB Economics HL Year 2 Learning Objective: You will be able to discuss equity in the distribution of income using examples. Complete reading chapter 20 on Equity in the distribution of income. Read the following article on the middle class and income inequality and then complete the worksheet. IB Economics HL Year 1
   • Paper 3 (1 hour) (Weighting: 20%) HL extension paper (50 marks) Syllabus content, including HL extension material: sections 1 to 4—microeconomics, macroeconomics, international economics, development economics Students answer two questions from a choice of three. (25 marks per question) Tips & Tricks. Have a passion for Economics

   This resource consists of two sample essays for IBDP Chinese. The first essay is a sample answer for IBDP Standard Level Chinese A Language and Literature Paper 1, where CANA's lead Chinese tutor demonstrates how to comment on an article from the author's writing skills and argumentation approaches I'm not very sure if you will have the same patterns in your paper since I have given my exams in 2017 and I heard the pattern of papers will change after 2017. However, I can give you general advice. Firstly, make sure you know your concepts well.. Title: Monopolistic Competition Exam Questions - IB Economics Paper 1, Author: Qurious Education, Name: Monopolistic Competition Exam Questions - IB Economics Paper 1, Length: 6 pages, Page: 1. Paper 1 Extended response paper on microeconomics and macroeconomics 1.5 30 Paper 2 Data response paper on international and develop-ment economics 1.5 30 Paper 3 HL extension paper on all syllabus content 1 20 Internal Portfolio Three commentaries based on different sections of the syllabus and on published extracts from the news media. 20 20 IV

   Economics Blog: Sample IB Question-Past Paper

   IB Economics SL. Find resources which includes Sample Papers, Sample IAs, Samples EEs Distributed Among 138+ files which will act as your secret weapon to ace your IB Economics SL exam A good revision technique is reviewing sample questions and model essays: Micro A Level Questions and Answers: Why Women are Paid Less than Men (30) Edexcel Unit 5a; Does a Minimum Wage Reduce Poverty? - (30) AQA unit 5 Business Economics; Discuss 3 different Policies to Reduce Inequality(30) AQ The #1 IB Mathematics Resource in 2020 & 2021. Analysis & Approaches (AA) and Applications & Interpretation (AI). Practice Exams, Questionbank, Past Papers, Video Part (d) of the questions examines assessment objectives 1, 2 and 3. Maximum marks earned in paper 2, and percentage in total IB Economics grade Since the student must answer two questions, Paper 2 earns a maximum of 40 marks. Paper 2 accounts for 40% of the student's overall grade at standard level, and 30% o Economics Higher level Paper 2 9 pages International Baccalaureate Organization 20 15 Instructions to candidates y Do not open this examination paper until instructed to do so. y You are not permitted access to any calculator for this paper. y Section A: answer one question

   In HL Papers 1 and 2, the changes are the same as for SL above, although the questions may be taken from all areas of the syllabus, including the HL extension topics. HL Paper 3 is now a policy paper. There will be two questions and candidates are required to answer them both IGCSE Economics 2017 Past Papers. Home > IGCSE Economics Past Papers > IGCSE Economics 2017 Past Papers. Complete IGCSE Economics 2017 Past Papers Directory

   How To Nail Economics Paper 1 In The IB Diplom

   Hi, I'm David. This site hosts comprehensive IB Economics revision notes my study group and I made for the post-2013 examinations syllabus (currently SL material only). I got a 7 and here's how you can too! Jan, 26th, 2021 Update: It appears that the Google doc files for hosting the revision notes and IAs wer Answers pt3 english paper 1 sample invitation letter for goals mba essays. Specimen hl paper writing 7 in each page 2; ib economics international certificate in english paper 2 pdf click —- sample papers. Integrated science paper abstract of one of all over the international business example 1 sample of international baccalaureate high Read each question carefully before you start to answer it. • Try to answer every question. Check your answers if you have time at the end. Centre Number Candidate Number Write your name here Surname Other names You do not need any other materials. Total Marks Economics Level 1/2 Paper 1: Microeconomics and Business Economics 4EC1/0 The Economics Classroom IB Economics Paper 3 - Quantitative Methods The following information will help you prepare for the types of questions you will face on HL paper 3. Command terms to expect on paper 3: Calculate: Obtain a numerical answer showing the relevant stages in the working. Co..

   IB Economics Exam Structur

   Hi there My paper 1 exam is tomorrow *YIKES* and I thought it would be rather easy to find a sample paper/past paper to practise with, but so far I've only found a paper 2 sample (which I'll practise with as well) provided by the IB itself Paper 3 - 20% weighting - 1 hour This is a Higher Level extension paper that assesses the quantitative aspect of the course. It covers elements of all part of the syllabus and is mainly short answer questions. Internal Assessment consists of a portfolio of three commentaries worth 20%. IB Standard Level Assessment External Assessment. [2020 Updated] IB Maths HL Past Paper Solutions & Tutorials. Revision Village - #1 IB Maths HL Resource, 2020 & 2021 Annex 1: Conduct of IB examinations additional materials may be included in separate bags to the exam papers (for example, geography answer booklets Graph paper Economics SL/HL Papers 1 and 2 • Unstructured examination paper 2 Economics HL Paper 3 • Structure