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Economics P1/P3 style questions?


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Alright so I have a small test tomorrow, and the syllabus says that a paper-1 style question will be given on market failure and a paper-3 style question on subsidies. What is the essential difference between these two types of questions? What might be asked in each? My apologies if this sounds like a basic doubt, but I only just started the IB about three months ago; it'd be great if someone could help out!

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Paper 1 is your normal question of 10 and 15 marks. Remember to watch out for the word "evaluate" in thse questions . Follow the DEED. definitions, explanations, examples (real life if possible) and diagrams (fully labelled axes). Paper 3 is your maths paper that will give you calculations that are very basic and maybe some small questions based on the calculations you do. Just revise your definitions and diagrams once more and do not forget your calculator and ruler. Good luck for tomorrow. I also my eco hl test next week.

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