- What is Economics? Essay
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- What Is Economic Crisis?
What you need to know before you write:.
What is Economics? Essay
Instead right away start explaining the case using at least 4 course words and then use more later. Actually definitions are not specifically required in this new syllabus. The rubric only asks for terms to be "used appropriately. If you do define some words which is still advisable , do so only after you've used them in a sentence. Also, make sure to always use the economic terms rather than the common terms for things throughout your IA.
The diagram and it's titles, etc do not count in your word count. You need to diagram the problem explained in the article. And also diagram your solution. Sometimes both the problem and the solution can be shown on one diagram. Sometimes not. Include in your diagram as much information as you can.
It will need to:. If not, label them Q1, Q2, P1, P2, etc. Show as much as you can in your diagrams. A clear picture can help you tell a lot. Obviously you will want to fully label your X and Y axis. They skip steps in their explanation. We all do that all the time. You need to force yourself to explain things step by step.
However, this student has skipped a few steps. My student here could have written something like:. This creates excess demand at the original equilibrium price, which puts upward pressure on price. Producers receive the signal to increase their prices and they do. Luckily in this case you get to edit your own writing as many times as you want before you hand it in. Analysis is about explaining how the theory relates to the case.
But now I want you to take it a step further. Go deeper in your explanation. Basically you're trying to take it to the next level. But you aren't evaluating.
You're just making sure that you have fully explained the theory and how the theory relates to the case. Every article is about a problem.
For example, apples are too expensive after the drought. If one is mentioned in the case it must be that one that you evaluate. You can suggest one and evaluate that only if a solution isn't already mentioned in the article.
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You want to choose the most appropriate most likely solution here, rather than one that is obviously not going to work at all. Try to include "assumptions" of the theory if you can, to show the limits of the theory and that it doesn't always work out in real life. In the final of the 3 posts on Mastering the Economics IA we will take a detailed look at the rubric and use a checklist to make sure you really do get full marks.
Recent Posts. With your effort to publish all this information and advice to IB students, you're really making a difference! Thank you so much Mr.
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What Is Economic Crisis?
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