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ibsurfer

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    May 2019
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    Hong Kong

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  1. Alot of detail covered in the previous posts but I think the critical thing is not to be so binary in terms of the advantages and disadvantages. Because it will become quite additive in nature and your IA will become quite superficial. For example, some people likes to say that fiscal policy is "bad" because it uses up the government budget but doesn't this depend on whether the government is rich or not. For governments that are rich e.g. Saudi Arabia, then they don't really care because they have lots of money and do not need to borrow money to finance their activities (which may lead to the rachet effect).
  2. That's an interesting situation you are in. I think there are two considerations. 1) Can you draw a diagram that you can explain and apply. 2) Are you able to effectively analyse and evaluate the impact on stakeholders. If yes, I think you are good to go. The only challenge for out of syllabus ideas is that students may find problems in applying and analysing it. Hope this helps.
  3. What I think is very useful for revision was reading 50 Excellent Economics Essays for Paper 1. It was great for reading through content and also it provided me a reference of what a level 7 looks after I have practiced some questions as the mark scheme is often very brief on details. It's also got a great guide for writing 10 and 15 mark questions. You can get it here. http://www.ds-education.net/store/p5/54_Excellent_Economics_Essays_(PDF).html Don't recite the essays though since the one that comes out will prob be different from the question you are gonna get in the exam.
  4. So each section of the IA should have an introduction (definitions), diagram, explanation of the diagram, analysis and evaluation. The first three parts are straightforward but for the last, there should be some discussion on stakeholders and in what ways it affects them e.g. consumers, producers, government and society. All the best!
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