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Found 709 results

  1. Hey everyone, I'm currently writing my economics commentary and have to hand in the draft after this weekend, and I just feel very lost with the structure and connecting things to each other, like the diagrams. If anyone could give me some tips I would be extremely grateful.
  2. I'm planning to do Economics at the UK for uni and was wondering which HL would be better for me, psych or history HL? My other subjects: HL - Math, Economics SL - Biology, Eng Lang Lit, French ab initio Thanks in advance!
  3. Hey all, kinda new here, will start taking the full diploma next year, planning on going into engineering, wondering which of the three courses(B&M or Eco or Enviormental Systems and Societies) would be the most beneficial to take at SL. Thanks all!
  4. MaxMallhi

    HL Economics or History ?

    I'm joining IB in April and I've take the following subjects- HL-English, Economics and History SL-ESS, Maths Applications and Interpretations, French ab inito. My school is telling me that I can't take both economics and history as subjects as they clash in the school's time table. Hence, I have been told to opt out of either one and take psychology HL instead. I want to study International Relations in the US and then go to law school so what do you suggest I do; should I leave econ or history ? I've heard econ is easy to score in and hist requires a lot of hard work and commitment however I am ready to take up that challenge and I love history. But what is more important for International Relations? Econ or Hist? I'm so heartbroken because I have zero interest in psychology and I will have to study it. And my actual HL combinations were killers for uni. I don't know what to do now.
  5. Lukario

    Demand Notes

    DEMAND NOTES, INTRO TO MICROECONOMICS.
  6. a) Using diagrams, explain how a change in one of the determinants of demand might increase the price of rice and how a change in one of the determinants of supply might decrease the price of rice. This is the part a) question my tutor gave me and I don't get it. Please help xx.
  7. abigailooh

    Maths IA topics on Economics

    Can anyone suggest me a maths sl ia topic related to economics? I wanted to do it on te game theory but my teachers telling me that its an hl level ia and I won't be able to do it. I want to do my maths ia on eco
  8. Hello everyone, So I am writing an EE in Economics, my topic is the effect of online loan delivering technology on the Banking industry. However, I'm not sure whether my research question is appropriate, that is why I am here hoping that someone can give me advice. So, recently in my country the technology of online loan delivering was introduced to the Banking system. People can sign up on the official website of the bank, ask for a loan without a pledge․ The program examines the client's loan history and based on their good history gives them a certain amount of money. The rest of the processes relating to the contract etc. are also happening online, therefore the client doesn't even have to visit the bank to get a loan. So, I am wondering how I can analyze this. I was thinking about looking at the quantity of employees in this specific field (it stayed constant), the increased output, the increased revenue. The negative effects can be the risk of errors caused by the algorithm or the fact that there is no human interaction between the client and the specialist who could identify that the person should not be trusted with a loan. Also, I can look at the change in the number of NPLs. My research question at the moment is "To what extent did the adoption of online loan provision technology increase the efficiency in delivering loans in Ameria bank in Armenia in the period 2015-2017?" Can you please help me refine my question and maybe give me ideas of what I can measure and how I can relate it to the theory of the firm in the best possible way? Thank you so much
  9. literaturegirl

    Problem with EE subject

    Soon it’s time for the to choose subject for EE. I would like to hear your advice. In the future my goal would be to study Business. However, I’m not doing EE on Economics as I think I have enough studying in it with all the IA’s. Psychology is one possible, like doing topic eg ”psychology in business / negotiation” but I’m not sure whether it will benefit me enough, as it’s mostly about theories and studies in Psychology. English would be the last option. I heard it would be easy to get good grade, am I right? I’m good at analyzing stuff, but the question is about what topic I would choose in English. Eventually, are US/UK universities interested in what my EE topic/subject was? Is there anyone who has done EE in psychology, is it mostly studies/theories based?
  10. Yoongi

    Taxation and Subsidies Notes

    Some notes that I took about taxation and subsidies implemented by the government.
  11. itsjamiekoo

    Market failure notes

    This is market failure notes that I made by myself. I got a 7 in econs HL for my school paper and my school is notorious for setting difficult papers so these notes should be good enough.
  12. EllaS02

    How can I prepare for IB?

    I'm currently on my summer break, and will be starting IB next year. I feel mostly prepared, but I will be taking two new subjects that I'm unfamiliar with: Economics and Biology. I currently have my Biology study guide and my Economics one is on the way. Does anyone have any advice on what I should study from these that will give me a head-start for IB?
  13. Jusd

    Economics EE

    Hey! I was thinking about writing my economics extended essay about the market of vegan products. Is it a good decision? My topic would be 'How does the growing popularity of veganism affect the market of vegan products in my country?' Is this a good topic for economics ee or would you advise something else? Or maybe you have any advice in general? Thanks for your help!
  14. Hi guys, my EE sort of 'proposal' due date where we seriously consult to the EE supervisors and all that are next week's Wednesday, and honestly I'm still so so confused and I need help or just some suggestions or anything, please. Here are the subjects I am taking: Economics HL, Mathematics HL, Physics HL, Chemistry SL, English A SL, MandarinAB. So, since the start, I've always intended on taking Economics EE because from all my other subjects, it seemed impossible for me. (I've been getting rock bottom scores for Math and the school have no more supervisors for Physics). So, I've been researching a lot for like a few months now, but until now I've got nothing. Initially, I wanted to do about impact of K-Pop in Korea's economy, which would certainly interest me, but the Econs EE supervisor said to do something related to your country, and I'm an Indonesian. I've also searched about topics like tourism, transport, food, etc, but it's really hard for me to relate it to the economics concept especially when it's like about a particular brand like for example McD, etc. And lots of people say that it's leaning more towards Business, and I don't take Business. My economics EE supervisor has been chasing me and all that about topics topics and topics for Econs since he knows that I want to take it, but yesterday he talked to me and said that it's really important for everyone to do an EE on a topic that will surely interest us and something that you are passionate about. He kept on also encouraging the whole class to take a Language EE, like Indonesian B and the subject allows you to talk about a wide range of things like analysing songs, brochures, ads and all that, etc. So, I was quite persuaded by that and I really want to do on something about K-Pop. So, I noticed I could write about K-Pop on these language EEs, but the problem is I don't take Indonesian B and I don't take English A HL (I take A SL), so it would surely be a challenge for me. Even though Indonesian is my first language, I don't know if I could write well, but I really feel like I wanna do this you know, or maybe do English A EE. Another problem is, I don't know how I could relate the topic of K-Pop to these language EEs, can anyone maybe share me your thoughts on my issue please? I really need help. Thank you!!...
  15. Commentary: One of the world’s most important jobs has put the U.S. in great danger by increasing national debt, causing unemployment to be at its lowest, and increasing interest rates. Despite the tax cuts, Trump has increased his import and export tariff expenses causing multiple debt situations. According to this article, this debt is caused by poor decision making from the president and minor setbacks that cause major debt. Analysis: Under President Donald Trump’s administration, the United States government debt has grown faster than any other former president’s administration. Since 2012, the national debt has grown over $5 trillion, from $16.7 trillion in 2013 to $21.9 trillion in 2018! By the end of Trump’s term it is expected the debt will increase by another $4.4 trillion. The national debt has grown by 6.6 percent since Trump took office in 2017. Much of this was accrued during Trump’s first year in office. Despite unemployment rates being at their lowest and a booming economy, this is the fastest growing rate of the national debt in our country’s lifetime. The irony is one of his platform points was he would reduce the national debt. His defense is we haven’t yet felt the impact of the corporate tax cut, which was supposed to open opportunities for corporations to invest money in the US and boost our economy. The government sets the value of the dollar and the base interest rate. When the national debt increases, the interest rates increase, and the higher the interest rate, the more consumer debt is incurred. This is good for the government because when they have higher interest rates on the consumers, the more other countries invest in our country. Other countries want to invest at this point because they get a higher return on investment. For example, if the interest rate increases, the demand for homes decreases since the monthly payments will be higher so the price of homes would go down [Graph 1]. As a result, the supply for furniture would decrease and the price of furniture would increase because there will be low demands for homes [Graph 2].This exemplifies of how national debt can cause problems so small that can affect the economy. Graphs Graph 1 When the Demand for houses decreases, prices will also decrease for houses Graph 2 When the supply for furniture will decrease but the price for furniture will increase Unemployment Rates- The percentage of unemployed workers in the total labor force. Interest Rates- The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding. Investment- purchase of goods that are not consumed today but are used in the future to create wealth. Evaluation In the long run, the interest rates are increasing so people spend less amounts of money on products and, the supply along with unemployment, increases at a impactful rate which causes a recession. The national debt will increase because with higher interest rates job wages will increase. In the short run, since the interest rates are going up many people will decide to use substitute goods, and stop buying stock and complementary goods. The national debt will still be active because the small issues like the wall building for example only causing an increase in more debt on subsidies or government spendings. https://www.bloomberg.com/news/articles/2018-12-12/u-s-debt-under-trump-has-swelled-by-size-of-brazil-s-economy
  16. mgk583

    SELLING IB TEXTBOOKS!

    I am interested in selling a number of my IB books (many of which have never been opened or used, although some have plastic contact on them)! I took my exams in November 2018 so these were the books that were suited for my year and possibly for future years to come! - Edible English 4th Ed. [BRAND NEW] = $20 - Biology Study Guide Oxford (2014 ed.) [BRAND NEW] = $70 - Biology Course Companion Oxford (2014 ed.) [BRAND NEW] = $45 - SL Maths for the IB Diploma Haese 3rd Ed. [BRAND NEW] = $70 - TOK 2013 Ed. Oxford [BRAND NEW] = $50 - Extended Essay Oxford Course Companion = $40 - Economics in a Nutshell Exam Study Guide Tragakes = $40 I would prefer to only send stuff to Australia but if you are from elsewhere just let me know! Thank you and good luck with your IB studies!
  17. Hello, what subject choices would be more acceptable for a business major in a competitive/elite university in the US(Ivy's) or the UK My current subjects: HL: English Literature, Business Management, Biology SL: Math Standard, Language Acquisition B Indonesian, Economics Should I change it to: HL: English Literature, Business Management, Math SL: Environmental Societies and Systems (ESS), Language Acquisition B Indonesian, Economics *my school doesn't offer economics HL, and math HL isn't really mandatory for business, but biology HL isn't either, and both are rigorous subjects. Should I stay in biology even though I don't need it (does it make me more competitive?) or take up Math HL and ESS?
  18. Laura Serrano Rodriguez

    Which HL to drop to SL?

    Hello everyone, I am currently doing 4 HL's but I need to drop one as soon as possible. Right now I am taking Math, Physics, Chem and Econ HL. I want to be an astrophysicist. I know that I need to keep Physics HL, I do not know about Math because even though I am strong at math, the teachers say that it will be very challenging for me and I will not be able to get the score I want, but if I drop to Math SL she said that the course would be kinda too easy for me not letting me develop my skills. I have to choose between Chem and Econ which one to drop. If I were to have Physics, math, and chem HL the teachers say I would pick the "death combo", and I can see why. But they complement the best If I were to pick Physics, econ, and chem HL, would I need more maths but should I be okay with just Math SL for astrophysics? or should it be better if I keep Math HL? The other option would be to have Physics, math, and econ HL, in which math would be the most challenging one for me. I have tried the 4 for a semester, and I am allowed to keep it like that for another semester before yr12 starts, but me and my math teacher would like if I decide as soon as possible, if possible before the second semester of my first year starts. Thank you all for your help! All thoughts are welcomed!
  19. Hey guys, clearly from the title you can see that I'm struggling in IB Econ. I have been probably getting the worst results amongst my class since I started early this year(not struggling in any other subject). I'm in need of some serious tips of attempting to understand the course! Thanks!
  20. Hi, so my subject choices are currently HL: Bio, Business Management, English Lit SL: Lang B, Economics, Math *my school doesn't offer economics hl For a competitive university in the US or UK, would it be okay if I take HL: Lang B, Business, English Lit SL: Biology or ESS?, Economics, Math or should I keep my current subject choices? I don't know if I should keep Biology HL since I'm not sure if I really need it - and I wouldn't know what to replace it with. - Does the Ivy League look more on subject choices or the total IB score/predicted??
  21. ...
  22. NOTE: This thread was written based on the syllabus for exams in 2012. A lot of this stuff is still useful for the 2013 syllabus though Ready to own economics? Alright, here we go! We’ll tackle this paper part by part. For paper 1, you will always have a choice of 4 questions. Each question has 2 parts, part A and part B. Each question usually relates to a specific section of the syllabus. For example, there could a question about price ceilings from microeconomics, a question about unemployment from macroeconomics, and so on. And you just have to choose ONE out of the four! So, it makes sense to pick the easiest question! Pick the question that you are most knowledgeable about and could write a lot about. So during your 5 minute reading time, this is what you should be doing. Read all the questions and think about which question you want to do. Usually people will really like one question and instantly know that they found their soul mate question. (OK, a bit of an exaggeration, but you get what I mean, right? Think through the different things you could say, the diagrams you could draw, etc. ) In the case that you are stuck between two (or more) questions, then think about part B. Remember that part B is more important since it is worth more marks (15 for part B vs 10 for part A). Which question do you think you would be able to best evaluate? Go for that question. Now that we got the basic structure down, let’s move on to the different parts of the question. Part A Part A of paper 1 always asks you to explain something. It is worth 10 marks. It may ask something like “Explain different factors that cause a change in the nation’s exchange rate.” So what do you do first? OMG HELP ME I’M GONNA FAIL I’M BLANKING OUT!!!! Right, remember to chill out before you start. You’ve prepared for this (or at least I hope you did), so don’t panic! Even if ideas don’t come to your head right away they will once you start writing! So take a deep breath before you start and relax your body. DEFINE any economic terms you see in the question! Show the examiners that you’re not confused by fancy-shmancy economics terms! Show them that you know what they are asking you. Plus you really should define them because you get marks for doing so So define any economic term you see in the question. Always include an example to back up your definition! Even if your definition is not totally correct but your example is good, you can still get full marks for your definition. For example, an exchange rate is one currency expressed in terms of another currency. An example would be that 1 US dollar is equal to 30 yen. Sure, this exchange rate may not be the actual exchange rate, but it shows understanding of what an exchange rate is. It shows that you understand the concept, which is what your examiner is looking for. Next, answer the question! Attack the question! If it asks you to explain a concept, do that! For example, we know that a change in supply or a change in demand could affect the value of an exchange rate compared to another. Some things that could cause a change in supply are…and then you ramble on about the different factors. Then state the effects of an increase in supply of a certain currency... A picture is worth a thousand words. And the best picture you could draw on your exam paper is a diagram to SHOW what you are talking about! If you say that there will be a decrease in the demand for a good/service, show it on a diagram! Make sure that you include all your labels, like axis labels, equilibrium points, etc. Also MAKE YOUR DIAGRAMS BIG. I would say to make them at least half a page big. Then, your examiner will be able to see nice and clearly what you're talking about, and they don't have to strain their eyes to peer into some tiny corner of your page to get the idea of what's going on. Remember, happy examiner = better chance of scoring high. Any label that you were taught to include on a specific diagram, include it! Then you can mention the effects of an increase/decrease in supply/demand, etc as shown on your diagram. Time management is key! Don’t spend too long on this question! Remember part B? Part B is worth 15 marks and part A is only worth 10 marks. Spending too much time on part A means that you’ll have to rush through part B. You should have a better answer for part B because it is worth more marks. Since you have 1 hour to write paper 1, I would spend roughly 25 minutes on this section. Once you’ve passed 25 minutes, stop writing for part A and move on to part B! Part B Ok, so we’ve reached the dreaded part B. It will always start with the word Evaluate. Some of you may be wondering what evaluation is. Evaluation is basically the effects of whatever is happening on different people. It is very important that you know how to evaluate here! Example: Evaluate the effect of a lower exchange rate on a nation’s economy. You might be thinking “What on earth am I supposed to say? That question is sooooo broad!” Yes, it is a broad question! It’s broad so that it can accommodate many different points of view and many possible answers. It’s impossible to talk about ALL the possible effects of a lower exchange rate on a nation’s economy, especially in a time of 35 minutes (given you spend 25 minutes on section 1). So what do you do then? Focus on one effect at a time. For example, you could say that a lower exchange rate will result in inflation due to an increase in demand from foreigners for domestic goods, then write about that and show it on a diagram. Now that you’ve explained to your examiner why inflation would occur, then you can mention all good and bad things that come with inflation as part of your evaluation. Inflation is usually a sign that an economy is growing and that people are buying more. Real estate owners would win because the value of their assets would increase. People who borrow money from a bank would also be positively affected because the value of the money they borrow is worth more than its value when they repay it. However, customers would lose because their purchasing power decreases. Lenders would also lose because they are repaid with money that is worth less now than when it was borrowed from them. In evaluation, you can also talk about businesses, the government, etc. Basically just talk about anyone/anything that could be affected. See how both sides of the effects of inflation are incorporated? That’s what you have to do when you evaluate. Talk about the good, the bad, and the ugly. After you talk about one point in depth (inflation) then you can move onto another if you have time. But make sure you’ve covered the important points first. Prioritize, prioritize, prioritize. IB likes to see people prioritize their points. There really isn’t a right answer as to which point should be the most important in your discussion. As long as you can justify your prioritizing, then it should be fine. Start with phrases like “The most significant effect of this policy is…” to show prioritization. Don’t forget about structure! The IB doesn’t have a set rule on whether you should write in point form or in sentences. However I would say that writing in full sentences looks a lot more professional. You want your examiner to have a good impression of you right? Not the impression that you’re cutting corners… It’s also good, wherever possible, to organize your thoughts into paragraphs so that you can clearly distinguish between different ideas. This being said, this is not an essay. Do not waste time writing an introduction and concluding paragraph. At most you could write a sentence or two, but it’s better to spend your time writing about things that can actually gain you marks. Well that's it for now...if anyone has any more tips to add, feel free to add on =D
  23. Hi, I've been having a lot of difficulty in Business HL because although I know all of the theory very well I am not good with the application, and always lose marks on case study questions (especially the 20 mark ones). I also struggle to accurately self-assess my answers based on the criteria. For this reason, I am considering switching to Economics HL because it seems more straightforward, but if I can find a way to get better at this skill then I probably won't switch. Is there any way for me to get significantly better at case study business questions other than textbook questions (which are not that helpful) and past paper questions (which I would rather save for DP2)?
  24. How can you show that there is too little or not enough inflation in an economy with a Keynesian diagram? Say, for example, that a government wanted to have a 3% inflation rate, but currently has only a 0.5% inflation rate. How would you illustrate the initial problem (the 0.5% inflation rate) in a Keynesian diagram?
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