In this video, I introduce the assessment criteria used to grade the paper one part (b) ‘evaluation’ essay, describe a simple structure, show a variety of sample questions, and then show a sample essay I wrote for one of those questions! The post How-to structure a paper one part (b) essay in IB Economics? appeared first on IB Econ Guru ..read more

In this video, I introduce the assessment criteria used for the paper one part (a) ‘analysis’ essay; show a sample of questions and then a sample essay response to demonstrate how to structure the essay! The post How-to structure a paper one part (a) essay in IB Economics? appeared first on IB Econ Guru ..read more

I mention the word ‘evaluation’ and I hear groans from my students! Seriously, it’s not rocket-science ! So, what does it mean to ‘evaluate’ in IB Economics? Let the IB Econ Guru simplify this thinking process! It’s all about ‘balance’ In its simplest form, evaluating in IB Economics involves thinking about arguments and balancing them with counter-arguments, while drawing upon evidence to support those arguments and/or counter-arguments. Both standard level (SL) and higher level (HL) students will be required to evaluate in both ‘paper one part b’ and ‘paper two part g’ essays. The only ke ..read more

The IB Econ Guru: Your IB Economics Guardian Angel! IB Economics students need to collect a bank of solid real-world examples (RWEs) to use in their essays. These RWEs are expected in paper one part b essays, and for HL students in paper three part b policy recommendations. So how does an IB Economics student go about building a bank of solid RWEs? Follow this process: 1- Grab the IB Economics subject guide and highlight all learning outcomes labeled as ‘AO3’ (assessment objective three). These are the learning outcomes that involve synthesis and evaluation. They will be the learning outcomes ..read more

In IB Economics, you have to build a portfolio of three commentaries as part of your Internal Assessment (IA). In this blog, I’ll guide you through the process of structuring an IA commentary. In a previous blog, I talked about the 12 characteristics of a good article for your commentary. The first page of every commentary should be your cover sheet. Here is a link to a generic cover sheet which you can fill out for each commentary. The next page or couple of pages should be screenshots of your article. Label that page with a subheading like ‘Article’ to signal to the examiner that this is yo ..read more

Well, that’s a very loaded question! The IB Economics exam consists of two papers for SL students: paper 1 and paper 2, and an extra paper for HL students: paper 3! Each paper assesses different skills: essay-writing using analytical and evaluative skills, ability to draw and explain diagrams, ability to perform calculations, ability to define key terms, ability to apply theory and data to make policy recommendations, to name a few! As the IB Econ Guru, I run a ten-lesson / two-week course on Outschool to help students from both HL and SL prepare for their exams. Using a variety of questions ..read more

Hey everyone! I created this video embedded below using a news article about rising wages as well as rising inflation in the Australian economy. This article can demonstrate the importance of calculating real wages, rather than just nominal wages, as well as the sources and types of inflation. Students can incorporate ideas from the article in their paper one part (b) evaluation essays. Enjoy, and please feel free to subscribe, like, comment, share, and please consider supporting the channel by becoming a member (link can be found here). The post How to analyze and evaluate a real-world examp ..read more

Hi everyone! So I have just created a video on my YouTube channel to address the forms of government intervention used to correct positive externalities of production as well as positive externalities of consumption. The video will discuss policies like subsidies, direct provision, education and awareness creation, as well as legislation and regulation. If you like the content published on my channel, please consider becoming a member to get access to exclusive members-only content and perks for just 4.99 USD per month! You can become a member by clicking this link and following the instructi ..read more

Hey everyone! Here is a sample 15-mark question related to topics from behavioral economics (specifically: rational consumer choice), along with a sample essay response to the question! Enjoy Oh, and if you find these resources useful, consider becoming a supporter or member to access exclusive perks and just to support the channel because making these resources takes time and effort! All your support is very much appreciated The post Paper 1 Part B essay on Behavioral Economics and sample response! appeared first on IB Econ Guru ..read more

Paper One part (b) essays now require fully developed real-world examples. I always advise my students to weave the examples into their analysis and evaluation. I have created a discussion of real-world examples of changes in labor markets in the US as a result of the coronavirus pandemic. These can be used to respond to Paper One part (b) essays about topics related to labor markets and unemployment. The post Real-world examples for part b essays: Labor Markets and Unemployment appeared first on IB Econ Guru ..read more