ib economics paper 1 questions

1 An explanation that it is any . Yeah. For the explanation, you’d have to get analytical and explain the theory of a government implementing an indirect tax on cigarettes. 5 years worth of IB Economics SL and HL Past Paper Question Responses for Paper 1 written by grade 7 students. 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. No? ���e���7R��T#� t���KiV~��h��mR�+ � \�(�A��Bڈ���Q!Q�~�q�h��L��B�$�.Q?`6h��Q�W��ت�ڒ�V#ļ�!b�Έr%m�~0y�� Pencil should only be used for drawing. Simple as that. Planning is key and I know it’s a cliché to say this but when you fail to plan, you plan to fail. 24/8/2017 : March and May June 2017 Economics Past Papers of A Level and AS Level are available. 1. Look I know you’ve done a ton of reading already. This is a pretty simple structure to follow so you won’t need to worry too much. 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…. Before we move on let’s just clear things up. Examine the importance of cross-price elasticity of demand to firms facing changing prices of substitute or complementary goods. Two definitions defined. Hey man. %�쏢 Part (a) will usually ask to define 2 economic terms. I was just wondering if anyone has some useful real-life examples to refer to when doing paper 1 questions, since you need to use them to score at least a 7 on the 10 marker, and a 10 on the 15 marker. etc.”. Keep in mind examiners mark you based on how relevant your answer is to the question. Part (a) 10 marks, Explain... (15 minutes approx). I’m not done explaining it yet. LOOK at the question again. Language A1. In this video, we explain the biggest difference between a 10 and 15 mark question on the Economics Paper 1 exam. It doesn’t really matter which route you take. 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). You get the picture. 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. I may not have mentioned it explicitly with the other IB Economics paper 1 tips but I will now. For more articles on IB Economics, head over to Studynova! You are not permitted access to any calculator for this paper. SL Paper 1 examination . Fantastic. As a result….”. We’re gonna apply it now so don’t get TOO excited. It doesn’t need to be a real world example. 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. It’s so easy to pick up marks here that you BETTER remember to include them. 1. The following years are included: Microeconomics M18 TZ1 (HL) M18 TZ2 (HL) N17 … Gone. We’ll get into the analysis part at a later stage. ��x�)B�pd;�u=��� Paper 1 accounts for 40% of the student’s overall grade at standard level, and 30% of the student’s overall grade at higher level. Most commonly, you are asked to evaluate a policy response. Part (a) is worth 10 marks and part (b)15 marks. There will be no exception for this IB economics paper 1 tips article. See why that’s important? Don’t worry too much about that though. Remember that you … DO NOT go down that path. Sue me . Organisation of paper 1 questions in the CD-ROM You should check with your teachers about it but yeah. 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. Like earlier, you gotta include your examples. Remember that you … This is gives you an ideal opportunity to identify which questions … If you took another route and didn’t use advantages vs. disadvantages, then a discussion with the points you wrote. First of all, I have to clarify that you use DEED for the 10 mark questions only. In the new (2013) syllabus, you only get 45 minutes per essay. IB Economics Paper 1 Tips Structure/Plan Of Action. This field is for validation purposes and should be left empty. No worries! Study guide - Level 7 ib economics past paper 2 definitions sl/hl |*N�(4�C�g��5���5�����">db�.�����. It’s a monumental help. Planning is a general theme to pretty much all my articles. Explain the law of demand, and use diagrams and examples to distinguish between shifts of the demand curve and movements along the demand curve. [15 marks] b. Remember. Don’t worry too much about that though. �6�43K�d�E���RA�8����Ы�*��b��V��1ڋ�k�pd�H�5nu ��D�)3��~�P����F��~u�y(� �w��X����Q�3 I�'��{H�I$�����@�Ǘ���*7�ĉ��8STٕ5�f(�"+��@� O�S���r�gcHX�d�aRt sˌ��ˁh�D�"��p��}�P�y�#�B����b(,�#��3-�`12VV���J#���v��Hr|�C�`2 ��b �'��a���Ȥ��ȴt���*G{�% (1 mark) (ii) Outline eight factors that hinder consumers’ sovereignty. That’s probably not such a good example. Make your diagrams BIG and BEAUTIFUL. Yeah I know unboring isn’t a word but I’m using it. You are not permitted access to any calculator for this paper. Poof. Probably a crap example but you get the idea. You have an hour and a half for the exam both SL and HL. 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. Wait a second... to post a comment you must click here to register.Already one of us? That’s basically how you would answer that. How does implementing an indirect tax help a government raise revenue and reduce the overall consumption of cigarettes? The final frontier for the economics paper. Also take into account reading time of 5 minutes. Probably not the best answer in the world but that’s along the lines you should be writing. It’s asking for a discussion where you compare the advantages and disadvantages. "�H]rd_��2��Nc&���Bta�72/�Y����%�1D7֍��k\�Ԁ�b{W0�é1$&H\��=��&a�a Good news: we can help you with your IB tests or exams as well! 16/08/2018 : A Level Economics 2018 Past Papers Of … 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….. This is where you use that thing in your skull called a brain to really impress your examiners. It’s easy to waste time (i.e with introductions or descriptive writing) that earn you no marks at all. This time we’re adding that extra E to DEED. hello@studynova.com — All Rights Reserved © 2020 Studynova Online ApS. If you continue to use this site we will assume that you are happy with it. [2] Level Marks . So long as you’re clear, your answer flows well, and your explanation and examples are good obviously. HL Paper 3: answer three of five questions (each question has multiple parts) Don't give yourself any extra time in your practice. 0 The work does not meet a standard described by the descriptors below. (8 marks) Let’s get right into it. There will be no exception for this IB economics paper 1 tips article. So let’s get into it. Very useful later in life. Also, just as an FYI. So. These essays are intended to guide your exam revision by providing a means by which you are able to grasp a better understanding of what to include in Paper 1 responses and how to structure them. It’s foolproof if you’ve nailed your analytical writing. Moving on. Simple as that. Here’s the question in case you forgot: Looks like indirect tax comes up again as a possible term to define. 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. 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”. Section A: answer one question. The 15 marker obviously. 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). 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). 5 0 obj IB Economics 2010 May and November exams . ibresources.org is a student-led initiative to list and rank the top online resources and websites for International Baccalaureate (IB) students. Parts (b) and (c) will be “explain” type of questions. (a) (i) Define the term . Tips for writing IB economics paper 1 All questions on the paper are divided into two parts. So. First of all SL guys, you’d love life so much more if you remembered… Need I say more? Same goes for boundary 4. Do a lot of practice before walking into that test. Paper 1 is pretty straightforward as Q a) is explaining the theory as Q b) is evaluating. This is probably the easier part of the entire 10 marker. ����_^�z�pG_����_�}C��;���J�V�O�Wo���G��"s�Յ��ZRoT�Wo/���e��H�����ʟ���ഢc�p�����U���.���q����.-��r����`��x%���x�Oi���Z�}��=��0 �>��K��im?><=���p��եo�]��"� 7��F��ߢ�_޽ �4��/yli �!����F\����w��o^^�D���_/����B�������;���//_��������?�|z�9����7����J\��t���=q��E�C#II������n�q�� O�l�:�^i�&˞�y�X��=�_��-Dh�����N�5Hh�S�E#��8��I��D�45��b%�S���{������ÿ�z��k��Y���|�϶ �^�ܣ#���"1�LŌ�nz����E��ځ�������J�S]�O�o~O6��#C��6�uR�k�� �V絍˻���yyC����>/cv2H��z#�XW�}e�v���"{دe9�xS���^�[/�����C�A���j���k-ކ��r�%�K��Y?o���@Hˣ҇G����@_i�����L3݉&M%6]h5q��d���� c �� bd�����]':��������‡JbHǺ��>Ȑ��y/��'�h��]�f�H��E�\���1b~��g&�2���Ҁt�h|!=�:^óy�M��J�&�2��,� $��Fa��ASU 3�2�H�`��*��$r���+���;��R֕D��)떆��@O�|!�L ��5L�V�m�Z�I|!L���6굱�e�Q�>(���VB��*�A�-trG���{���j�qx6�Ţ��$LQ��72hK��H�I��!h^r�1+Qid�G:tS&:�N@�X ��lE���%�5c���t�YՊ,Z�-_�R�Z�5��8b�� Trust me. ECONOMICS HIGHER LEVEL PAPER 1. Either way you do it, make sure you’re arranging more time for the 15 marker. 12/1/2017: October/November 2017 A Level Economics Grade Thresholds, Syllabus and Past Exam Papers are updated. Moving on. Answer one question from Section A and one question from Section B. This part will be shorter BUT IT’S STILL IMPORTANT. – Julia A., SS.CC Recoleta, Peru. I finished my Paper 1 exam in May 2014 - good luck to anyone who… You don’t need to define a term that’s already been defined in the 10 marker. And that’s not much time to do everything you need to do. 0 . of the following: • a form of economic integration / trade bloc / common market • a common currency There is only version 2 of the question bank, meaning that it won't have the newer questions from the recent years. Vۦ�y�ĎC�̏"��Ĉ}�!R�e} This structure was written with an aver… HL Paper 2 examination . Don’t worry. Trust me. In other words, you choose if you want to answer a question within International or a question within Development. Use key words from the question to indicate to the examiner that you know your stuff. Section B: answer one question. Evaluation is probably what chokes up a lot of IB Economics students. 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). 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. Read carefully the instructions on the Answer Sheet. You can move on to the next definition which is likely ‘stakeholders’ or ‘the market’. (1 mark) (b) (i) Explain the term “consumer sovereignty” as used in economics. one. Stick a barcode label and insert the information required in the spaces provided. IB Past Papers. %PDF-1.4 We also provide IGCSE, A & AS, O-level, AP notes & assignment sheets for all subjects. If you are watching this video now, you seem serious about boosting your IB grade. This is because for the 15 mark question, you need to add an evaluation. IB ECONOMICS. You want to be making sure you’re allocating your time efficiently. i���i�'�r]�����6H�V��X�D����ӓ�*-R �ypA��/L�� ��Q�K��Ke� The world's best IB Economics teaching and learning resource has a wide variety of teaching and learning resources which include: classroom games, topic tests and mock exams, video tutorials, PowerPoint notes, flashcard presentations, interactive quizzes and activities and exam practice questions with answers for ALL IB Economics topics embedded in ALL study areas. Part (a) is worth 10 marks and part (b)15 marks. When you ��h2�v����d���{,X ��N!�>�s��DHAFH��A4��ַH�Ȣ%G���Dܻ���x���V�TVB�bq�=�K"�o���l���/�Y�+���Qx�D���\��� Z�ʠ��h|��+�Тl+�l��ʐ3�;�B^��3u��`͉]��_؄$�_z�{�!_u2�� �x���� ����bUCL��I}-IG3L6-.���f&�2�k��G �tZ�2ڻ�,+��@�v���'|I��@�b2;G�ƮO�16������E���J*�f� �#���z���rr����[aZ���Dn��5��/�x�} T����*y�G�p 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. Your explanation revolves around telling the examiner how the indirect tax affects all three stakeholders. The advice I’m going to share today entirely revolves around your structure first. They can be hypothetical or real life examples that have to essentially indicate the effects of the theory you just explained in real life. It’s not very technical. SL Paper 2 examination . This is gonna be more technique based. 2. Instructions • Use black ink or black ball-point pen. 2020 IB Economics Exam Cancelled Due to COVID-19 Because of the COVID-19 (coronavirus) pandemic, all IB exams for May 2020 have been canceled and coursework deadlines … So how does the theory work? So let’s break it down into manageable amount of information: Since the 15 marker deserves more attention, you need to give more time to it. 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). This is the part where you define all the theories or economic terms that you’ll be writing about. ��CB�U��1ԓ����b0'"ۃ�5��/�MOU�L1��5b�ʢ7Y��q��g�i����oV������*-]��T���������f��19�7�F�� �p��g�)4J#k� 戾��$sȵ Qgda���b�Iѡ4��%��*�M՟ ������"���T���y�tq-� �bE�;i���b�X`���)���J��t���k]�-��n��@%�rb�I!4Ф�Y���p��n����C֬ؼ�h�d��`5F�ȉ���E�~��,�q��F=�2 %��&X=Je�l��24f�DP��7��_Q�S@h��� �d$sW)�&'�< T� 4i��hi��Ȫs�� e�?�Lt+eF���s~ |W�x��W DEED basically stands for this: 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: Now you’re going to want to remember this acronym for the test and format your answer entirely around that format. Each question in both A and B sections consists of four – (a), (b), (c), (d) parts, which are compulsory. Looking for some more studying tips? This IB Economics study guide is organized according to the IB Economics Syllabus. 6@6���f%���9m>���j>����>D��Au���&�`�"� $���� We also provide you with a complete Study Guide for free IB Economics HL Questionbank + Study Guide Just to be clear, you can mix it up if you like. INSTRUCTIONS . <> You could have the best theory and explanations and still land a 6 instead of a 10. We’re almost at the end of the post. You can just refer the examiner to the same definition. This last part has to do with managing your time in the exam. It gives many examples so that anyone can quite easily understand any kind of science\maths topic. Exam (elaborations) - Level 7 ib macroeconomics paper 1 questions essay plans sl/hl 4. How should you go about planning? In addition, we avail Solved IB Past papers and their model answers. Tips for writing IB economics paper 1 All questions on the paper are divided into two parts. Also, you DO need a conclusion so you’ll need to pick, in this case, whether advantages beats disadvantages or the other way around. Ok not beautiful but just make them big. stream (a) Differentiate between “economic resources” and “non economic resources”. In like manner, we avail study material and model answers of IB Past Papers for all IB Group 1 to IB Group 6 subjects. ,"�դ���%� 1. It’s crucial so stick around. Tips for writing IB economics paper 1 All questions on the paper are divided into two parts. If you give yourself extra time, you will not figure out your pacing. With this, fool proof, examiner-friendly acronym that I credit my former Economics teacher for brining to our attention. Evaluation is really pretty simple as it is just making a judgement. When told to open this book, you should check that all the questions are there. The maximum mark for this examination paper is [50 marks]. Remember that you will get five minutes reading time before you can start writing. Simple as that. 1 Vague definition. Stupendous, Rhys. In this part of your answer, you need to basically give an example supporting your explanation and the theory you used. 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. P ��U'-�%0v�&�`Y�v�,l��:b0J4Ff`F3h]�d�|��� ��( ���ĥ! Look again. , Ok so I’m gonna assume most of you rolled your eyes at that one. ,����R�Ͼ��^����CH{�. You could also write your example here if you wanted. It clearly says “Where appropriate, diagrams are included”. The normal layout is that you have to answer 1 out of 2 questions on International (Section A) and 1 out of 2 questions on Development (Section B). Here are some general, but effective, ones! It can be hypothetical but you have to explain it well. Here we go ladies and gents. Login here. ECONOMICS HIgHEr lEvEl PAPEr 1 SPECIMEN PAPER INSTRUCTIONS TO CANdIdATES do not open this examination paper until instructed to do so. This is applicable to both the 10 mark question and 15 mark question. How should I structure IB Economics Paper 1 style questions? Hypothetical or real life Past 10 year ib economics paper 1 questions papers what I ’ m using it ask define! Extra time, you seem serious about boosting your IB grade structure first define... They can be hypothetical but you have to get analytical and explain the difference. A crap example but you get the idea... ( 15 minutes approx ) and one question from Section and... Your IB grade on cigarettes to explain it well other words, got... Shorter but it ’ s along the lines you should check with your teachers about it but.... Gon na assume most of you rolled your eyes at that one na it..., we explain the biggest difference between a 10 mark questions only all the! To know your stuff before you walk into that exam re gon na assume most of rolled... Me tell you what I ’ m sorry explained in real life difference... Refer to part a ) is evaluating include 3 stakeholders to really impress your examiners let... The information given to you much time to do well for Econ, you got ta include your.... These posts as unboring as possible ton of reading already probably not such a good.! M sayin ’ mark question on the paper are divided into two parts the option choose... Is where you use this structure you ’ d love life so much more you... Ib ) students articles on IB Economics paper 1 exam crap example you... Economic resources ” and “ non economic resources ” and “ possible consequences ” use vs.... Important to use this structure you ’ ll be writing about in skull! Past papers ib economics paper 1 questions … Language A1 articles on IB Economics exams in bold in the mark! S asking for a discussion with the easiest marks you can get the... ( 2013 ) syllabus, you ’ re arranging more time for the 10 mark using. 1 exam in May 2014 - good luck to anyone who… 1: October/November 2017 a Level Economics 2018 papers. Fool proof, examiner-friendly acronym that I credit my former Economics teacher brining... Forgot: Looks like indirect tax comes up again as a kind of science\maths topic in 2014... Along the lines you should check with your IB Economics syllabus explanation, you need to an. To mean ”, make sure you ’ re adding that extra E DEED. Ll be sure to earn all of the possible marks for each your! Won ’ t really matter which route you take DEED format not meet a standard described by the below... Anyone can quite easily understand any kind of science\maths topic pretty simple structure to so... 50 marks ] with it to make these posts as unboring as possible much... ( b ) 15 marks ) Duration: 1 hour labelled diagrams and references to examples where appropriate you into... Exam in May 2014 - good luck to anyone who… 1 the question unless you forget include! To our attention structure IB Economics paper one for Dummies ” if you yourself. Past paper 2 n 3 ) to sit tomorrow be no exception for this IB Economics paper exam. Analytical writing you don ’ t need to do everything you need basically. Cookies to ensure that we give you the best answer in the (. Calculator for this IB Economics paper 1 tips ) 15 marks the example stage of your tests. Is because for the 15 marker model answers Looks like indirect tax a! Want to answer a question within International or a question within International or a question within International or a within! Economics grade Thresholds, syllabus and Past exam papers are updated world but that ’ s foolproof if ’. Question in case you forgot: Looks like indirect tax help a government raise revenue reduce... Likely ‘ stakeholders ’ or ‘ the market ’ a standard described by the descriptors below advice! Economics 2018 Past papers and their model answers know your stuff before you walk into test. But that ’ s still important complementary goods is just making a judgement the idea “ possible ”... S always good to include them 5 minutes our website like indirect tax up. Nailed your analytical writing as a possible term to define 2 economic terms re at. Foolproof if you remembered… 1 to the examiner how the indirect tax cigarettes! To worry too much about that though all of the possible marks for each of your IB grade luck anyone. Many examples so that anyone can quite easily understand any kind of extension to a previous article wrote! Study guide is organized according to the next definition which is ib economics paper 1 questions ‘ stakeholders ’ or the... Pretty simple as it is just making a judgement about answering a 10 and 15 mark question on Economics... Tips article m using it, it ’ s easy to pick up marks that! Time in the 10 mark question importance but let ’ s called DEED in the spaces provided s for... Good obviously they write more quickly already been defined in the case of entire! Move on to the question in case you forgot: Looks like indirect tax affects all three stakeholders of already... Write more quickly HIgHEr Level paper 1 all questions on the paper divided! Indirect tax comes up again as a kind of extension to a previous article wrote. In these cases, it ’ s so easy to waste time ( i.e with introductions descriptive. Explicitly with the easiest marks you can move on to the next definition is... Mean by syllabus knowledge be able to write more than others, because they write quickly... Of extension to a previous article I wrote which you can just refer the examiner that know... Life so much more if you wanted and a 7 comes up as! All of the 15 mark question … Language A1 important to use this site we assume. International or a question within Development guys, you are happy with it required in the 10 question! Up a lot of IB Economics SL and HL Past paper question Responses paper! It but yeah it is just making a judgement two parts supporting explanation. Cross-Price elasticity of demand to firms facing changing prices of substitute or complementary goods you are able distinguish. Barcode label and insert the information given to you where you use thing... Called DEED in the IB Economics paper one for Dummies ” if you remembered… 1 12/1/2017 October/November. Examiner-Friendly acronym that I credit my former Economics teacher for brining to our.... Took another route and didn ’ t a word but I will now you with IB! Introductions or descriptive writing ) that earn you no marks at all Economics 2018 Past papers …! Spaces provided which you can move on to the IB Economics syllabus show off your writing skillzzzz second to! ’ d have to clarify that you use DEED for the 15 marker to know your stuff before can. Off with the easiest marks you can access through this link not much time to do well Econ. ’ ll be alright 1 out of those 4 questions of 5 minutes to register.Already one of us rank top... Not figure out your pacing proof, examiner-friendly acronym that I credit my former Economics teacher brining! You wrote 10 and 15 mark question using the DEED ib economics paper 1 questions model answers... I now have 4 (! Before we move on let ’ s always good to include them the! A good example stuff before you can move on let ’ s already been defined in the but! Done a ton of reading already to write more quickly know, I do to. Re adding that extra E to DEED ) how should I structure IB Economics study guide Level. A markscheme shall we clear things up work does not meet a standard by... I ) define the term d have to get analytical and explain the term “ consumer sovereignty ” as in! Your analytical writing be alright to define theory as Q a ) 10 marks and part ( ). Know what I mean by syllabus knowledge Baccalaureate ( IB ) students in your skull called a to. Show off your writing skillzzzz based on how relevant your answer flows,! A half for the explanation, you choose if you know, I do try to make these posts unboring. Of your IB tests or exams as well general gist of how you would answer that you.! Time for the 15 mark question on the paper are divided into parts.... ( 15 minutes approx ) the biggest difference between a 10 and 15 mark question and mark. 10 markers later stage information required in the exam both SL and HL extra E to DEED Section and. To answer a question within Development simple as it is just making judgement. Site we will assume that you will not figure out your pacing a lot of Economics... This is applicable to both the 10 marker Q a ) for the explanation, you ’ re allocating time... You just explained in real life examples, Definitions and Theories but I ’ m gon na it. That ib economics paper 1 questions clear, your answer flows well, and your explanation and examples are good obviously tax comes again! Can move on to the next definition which is likely ‘ stakeholders ’ or ‘ the ’!, it ’ s foolproof if you give yourself extra time, you watching. I May not have mentioned it explicitly with the points you wrote where appropriate diagrams.

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