Economics gurus out there?

[Nabz]

ANy technique to revise for the exams? I have every flippin note but i can't seem to feed myself, the info into the brain. Any tip is welcome...

[Black Bird Lockheed]

You can read IB revision Course by Dorton and Blink ( these might be available from your school library). Also you can get last minute courses from stores. Just remember 1 thing that don;t rote learn economics just understand the basics and then apply it accordingly. Only rote learn theory part ex- types of unemployment, effects on government tax ( I don't learn economics while going to exam. I just read newspaper. Automatically I know the effects of inflation, consequences of tax etc and I score 6.) Draw and practice diagrams especially tax subsidies, inflation etc. During examination follow these rules while writing brief answers

D Definition

E Evaluation

E Examples ( try to write latest examples. That is why read news paper)

D Diagram.

By following this you will get 6-7..

[David14]

Try videos online. Search them up some are even specifically for the IB.

[yii yann]

The average economics student who is in trouble right before the exam usually has a basic grasp of economics, but would miss out on the "higher level" thinking that IB requires for a 7. Obviously this can be achieved by critical thinking and general knowledge (as Akash said), but this method would only work for the evaluation part of paper 1 part B questions, and paper 2. The other bits of the exam require knowledge, and with the new syllabus, there's absolutely no time to think very much. So, your best bet would be to get a whole bunch of practice papers with markschemes, work through each question, and learn the answers given in the mark scheme. You will see a pattern where more than half the marks of any question are usually given for simply explaining the theory, and the other half will be given for detailed analysis of this theory and its application to the question at hand. Learning from the markscheme is a bit like really condensed revision, but its extremely effective if you are out of time. It also gives you answers that you wouldn't have thought of on your own. By "memorizing" certain things that you'd have to write for any type of question, you give yourself time in the exam to then carry out proper analysis.

For example, if you have a question about the factors that encourage the formation of an monopoly (10 marks), you'd get a mark for monopoly definition, each of the barriers to entry, sunk costs, blah blah. This would give you almost 6 marks, and then provide some examples and diagrams linking the theory with just a bit of analysis, and there you go, full marks!

For the part B 15 mark question, it is once again important to state all the pertaining theory first. Then you can analyze. Evaluation is critical to getting into the 12 - 15 mark category. Your evaluation just has to make some amount of sense - it doesn't have to be groundbreaking economic theory.