How To Write A Good Ib Economics Ary

How To Write A Good Ib Economics Ary-5
Points for diagrams are literally the easiest marks you can get in the IB Economics Exams. It’s so easy to pick up marks here that you BETTER remember to include them. Your explanation revolves around telling the examiner how the indirect tax affects all three stakeholders. They can be hypothetical or real life examples that have to essentially indicate the effects of the theory you just explained in real life. Evaluation is probably what chokes up a lot of IB Economics students. disadvantages, then a discussion with the points you wrote.I know I’m blabbing on about their importance but let’s take a look at a markscheme shall we? So in this case, off the top of my head, you could go: “The government of country Z for example decided to implement indirect taxes on alcohol. For the 15 mark questions, this part makes all the difference between a 6 and a 7. Well look at the question again: It’s not asking for an evaluation that goes “In conclusion, this theory creates revenue, reduces consumption and..” NO. 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.

Points for diagrams are literally the easiest marks you can get in the IB Economics Exams. It’s so easy to pick up marks here that you BETTER remember to include them. Your explanation revolves around telling the examiner how the indirect tax affects all three stakeholders. They can be hypothetical or real life examples that have to essentially indicate the effects of the theory you just explained in real life. Evaluation is probably what chokes up a lot of IB Economics students. disadvantages, then a discussion with the points you wrote.I know I’m blabbing on about their importance but let’s take a look at a markscheme shall we? So in this case, off the top of my head, you could go: “The government of country Z for example decided to implement indirect taxes on alcohol. For the 15 mark questions, this part makes all the difference between a 6 and a 7. Well look at the question again: It’s not asking for an evaluation that goes “In conclusion, this theory creates revenue, reduces consumption and..” NO. 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.

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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… Notice anything different between boundaries 2 and 3? 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. 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….. 😀 Ok so I’m gonna assume most of you rolled your eyes at that one. Just so you know, I do try to make these posts as unboring as possible. 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.

Yeah I know unboring isn’t a word but I’m using it. Diagrams, easy marks, draw them correctly and you’ll be alright. 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. This last part has to do with managing your time in the exam. You have an hour and a half for the exam both SL and HL. 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. 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.

I find that reasonable – you are supposed to get the full benefit or your supervisor’s experience and I can assure you that you are better off in your second-best EE option but with a supervisor who is not drowning in EE work.

More importantly, it really does not matter which subject you choose for your EE since it has little influence on getting in to university or learning the craft of writing.

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. Yeah I TOTALLY get what the acronym is supposed to mean” Whoa calm down not so fast. First of all, I have to clarify that you use DEED for the 10 mark questions only.

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). That’s basically what the explaining part is about.As a result….” That’s probably not such a good example. Include your diagrams folks because it’ll make all the difference. All you gotta do is say “Please refer to part a) for the definition of an indirect tax.” Bam. You can just refer the examiner to the same definition.You should check with your teachers about it but yeah. It can be hypothetical but you have to explain it well. You could have the best theory and explanations and still land a 6 instead of a 10. Looks like indirect tax comes up again as a possible term to define. 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). Now, let me just say that the IB Economics Paper 1 exam is A LOT easier if you have a method for doing it. Planning is a general theme to pretty much all my articles. With this, fool proof, examiner-friendly acronym that I credit my former Economics teacher for brining to our attention. 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. It’s foolproof if you’ve nailed your analytical writing. If you’re going to do well for Econ, you DEFINITELY need to know your stuff before you walk into that exam. This is because for the 15 mark question, you need to add an evaluation.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. Probably not the best answer in the world but that’s along the lines you should be writing. You want to be making sure you’re allocating your time efficiently. 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. ***IMPORTANT*** I may not have mentioned it explicitly with the other IB Economics paper 1 tips but I will now.Use key words from the question to indicate to the examiner that you know your stuff. This part will be shorter BUT IT’S STILL IMPORTANT. Personally, I was taught to allocate 17 or 18 minutes to writing the 10 marker and 28 or 27 minutes for the 15 marker. MAKE SURE that you make references to the information given to you.Interest The reoccurring issue of students being swayed by parents to do business/economics is a subject for another time, yet it should be said that all too often students choose economics because a parent has a company/job and ‘really good idea’ for an EE topic. The two main reasons are that a) the parent is often a businessperson rather than an economist and this immediately skews the research questions (RQ) towards business and management rather than economics, and; b) the sources, while often meeting the primary data criterion, frequently become biased since no son/daughter is going to be willing to take conclusions in a direction that a parent finds uncomfortable.Instead you should simply find a topic and RQ that find interesting and then sit down and start drafting proposals.That’s the general gist of how you would approach the example stage of your 10 markers. This is probably the easier part of the entire 10 marker. Diagrams are easy marks unless you forget to include them. This is where you use that thing in your skull called a brain to really impress your examiners. 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. It’s asking for a discussion where you compare the advantages and disadvantages.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. 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? Keep in mind examiners mark you based on how relevant your answer is to the question. 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. If you took another route and didn’t use advantages vs.

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