As an economy IA posting comment
comments of the internal assessment component of the IB Economics course form. This component is worth 20% of the final score, but the flexibility and time you are available, there should be no reason why you can not score a high mark in this field.
is write the best part of the comment that you can decide to write the concepts. You decide to choose which products. You also are relatively no time pressure, which gives you plenty of opportunity to revise your comment and refine
This article aims to guide you through :.
路 As an economy to choose products
路 a systematic method to write a comment
路 a reference to definitions
路 Key points to remember
choosing a good article
in one sentence, this is the best advice I've heard about economy comments:
"a good comment not aimed economy in economy "
What does this mean
It means that the item you should primarily" non-economic ", ie uses its select everyday language. However, there should be a way for you, your business apply knowledge to the article
Against this background, if you find the following guidelines your item .:
1. Do not select products Pounds have written
Article by economists existing analysis
, or products that have a significant amount of analysis of the subject already, are often not good comment pieces. This is because too much would have been done by the review for you, and you are just the items with little input to be reformulated. It is better to find articles from the Daily News reporter who have little economic input and analysis.2. Article must have something that you can evaluate
The best products are those where there is some controversy, for example:
路 If a tax on these be well placed
路 If the monopoly be regulated?
路 Should the government impose a tariff?
路 Is raising rates a good idea?
路 is this country's economic growth unstable?
whatever discussed the article you must be able to discuss the advantages and disadvantages of something and weigh. As such, often describe political decisions products are good to for writing comments.
It is therefore not recommended to choose products that list a few statistics about something that has happened to the economy.
. 3 As a focus for your evaluation have
750 words is not enough to effectively evaluate multiple situations and policy decisions. Ideally, choose a product that reflects this - that is, only describes a situation / policy. If this is not possible, then select the relevant part of the article, you will be discussing.
4. Select Search your concept before for the product
Think about the concepts in the area of the curriculum that you are most confident about the vote. What this means is that you can be sure to list and explain at least 3 advantages and disadvantages of the policy / situation and illustrate this with diagrams
Good topics that assessment could be rich.
Microeconomics
路 implementation of price floors and ceilings
路 taxes (Australian carbon tax is good)
路 Externalities
路 buffer stock schemes
路 regulation of monopolies and oligopolies
路 subsidies
Macroeconomics:
路 The monetary policy decisions
路 financial policy decisions
路 economic growth implications
international Economics: to implement
路 decision protectionism (often fares)
路 decisions to influence the exchange rate
development economics:
路 Help receiving
路 growth development
see the article:
Once you have decided on your topic, you can find product should be fairly easy. Just search Google for related articles on this subject. You can add a bit of trial and error have. If you get stuck, try this approach:
Land + subject
For example, Russia fare price China ceiling, Australia carbon tax
Google now has a search function for news articles ,
If possible, have some variety in terms of the countries that you are discussing, so do not talk about China for all your products.
A systematic fashion to the article to write
This approach will work for the vast majority of products can be found. Note that this is similar to the approach described in "How to get the perfect score in an IB Economics Essay."
1. Grasp the important aspect of the article in 1-2 sets (preferably 1)
Assume that the moderator has already read your article, you have to explain not spend long, what the article is. With only 750 words are available, every word must count. So keep this part as short as possible.
The main purpose of this sentence is to let them know the examiner to be which part of the article, to keep the most important.
2. Show evaluate your intent and what it is that you will evaluate
leave no doubt in the mind of the auditor, from the beginning, you intend to vote. Comments that are purely descriptive with little evaluation, should and will help to avoid to prevent that to go in this case.
This should be only 1 to 2 sets.
3. List and explain advantages
The more detailed explanation of the benefit, the less benefits you must discuss and vice versa. Aim for at least 2 and not more than 3, although in rare cases, have only one advantage that you discuss in length.
discussedWith practice, you will work intuitively, like the length and detail that any benefit must in. Ideally, one plot per advantage discussed.
as you advanced will write in your essay, it is often useful to also qualify these benefits. Rather than simply "is a significant advantage that the policy will reduce unemployment," write writes "Since the economy is likely to be experiencing a deflationary gap, a major advantage of the policy that it will help to bring the economy closer to full employment."
4. list and explain disadvantages
the principles behind it are the same as for the benefits.
5. Weigh the advantages and disadvantages
It is often the case that the advantages and disadvantages do not carry the same weight. Depending on what is evaluated and the economy under consideration is, it is often more sensible one side or another to reject, rather than simply write: "It depends."
This is your conclusion substantially. should be for the vast majority of evaluations, and a preliminary conclusion, that "it is likely to be advantageous overall" rather than "It is definitely an advantage, as a whole."
for evaluations of policy it can be powerful to examine here some alternative policy options. Remember that to do nothing is a potential political decision.
are awarded A note on definitions
Marks for the correct definitions and as such it is important that you define the main economic words in your comment. However, to limit with a small word, arise definitions opportunity cost, the next best alternative waived if an economic decision.
must be as such a decision is made about which conditions you define. Keep the following in mind when deciding how and what to define.
1. Definitions should be as smooth as possible
For example, integrated, if you were to define maximum price:
Do not write:
The Chinese government a maximum price imposed on pork. A ceiling price is the maximum price set that can be levied on a product or service
Instead write .:
The Chinese government has a maximum price imposed the maximum price that can be charged to a commodity or service on pork.
The second approach saves words and flows better.
necessarily define 2. Not every single Economic word in your essay.
you just do not have enough words to define everything. Not all economic concepts are crucial for your review. If you are often there are defined words such as supply, demand, price or the amount you define too much.
is for the most part, do not show your understanding of the economic concept, with a libretto quoting definition, but by placing them correctly in your analysis.
to get an idea of what needs to be defined, have some questions data response and look at what is defined in part a).
do not let your comment suffer death by definition.
3. Avoid
footnotes contained in your word limit footnotes with
, and it is often cost more words to write a definition in full, to smoothly in contrast to integrate in your comment. to rememberKey Points
1. Your comment purpose should be to evaluate. The review should be the "extra" part that you add, not be on for bonus marks.
2. Your analysis must
imagine your article specifically Basically when I took your comment and turned your item for another article on the same topic. If your item still "works", then your item is not targeted.
Be careful when generic arguments as the use of "A recession is a decline in demand for the product mean". If the product alcohol or cigarette, this is unlikely to be the case.
In addition, when you say: "The monopoly should be regulated by the government", make sure that the monopoly is not already regulated. Similarly, if you suggesting that the government have lower interest rates and the interest rates at zero for near (eg Japan), then your argument is flawed.
diagrams Draw the economic situation into account. when the economy in your article For example, is currently in a recession, dragging your AD / AS diagram. a deflationary gap Not AD SAS have cut production to full employment level. If your products in the industry is a net exporter, drawing the world market price is above the equilibrium domestic price.
Close thoughts
The internal assessment component should be the simplest component, high marks to score on. You have the flexibility of time, and you get basically your own testing to select question.
Hopefully this guide will give you the necessary direction and achieve your goals IB Economics.
Good Luck
Owen Yang
Executive Tutor - Australian IB studies
founder - IB Blueprint
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