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Found 729 results

  1. Hi guys! I'm having a really hard time choosing between economics or psychology for my social studies subject. I find psychology interesting and I have no idea what's involved in economics. I'm not the best with essay writing but I'm good with maths at alright at memorising. I also have a relatively busy schedule due to activities outside of school. I might end up using my social studies subject as one of my HLs as well, so there's that. I'm in year 10 currently doing VCE (Year 11/12 VIC, AUS) biology (B+/A) and legal studies (straight A+) and am a straight A+ student in science. I want to get into medicine and need really high scores for that so... please help me ;-; My planned IB selections for now are: SL English Indonesian ab HL/SL Economics/Psychology HL/SL Biology HL/SL Chemistry HL Applications and Interpretations (Maths)
  2. My current subjects are HL Math, Physics, Lang & Lit, ESS, Business, and French ab initio. I have 2 concerns with this: 1. Business and ESS are taught by the same person, and he kind of can't teach 2. Because I take Business, ESS, and ab initio, I'm afraid that it would not be competitive enough when applying to universities As a result, I'm considering one of the following: a) Take Business as a HL (have 4 HLs) b) Change Business to Chemistry c) Change ESS to Economics What do you suggest? I'm leaning towards the first two options, but I really don't know.
  3. URGENT HELP REQUIRED PLEASE I want to do a world studies essay with Computer Science (which I don't study, but will at uni), but I'm stuck. I had planned on crossing it over with economics (one of my standard level subjects) and doing it on the Cambridge Analytica scandal, but my idea doesn't have enough econ in it. I would love it if there are any ideas crossing it over with any of my subjects: Maths HL, Physics HL, Spanish HL, English SL, French SL, Econ SL. I have to get back to my advisor by the end of the week!
  4. Hello Can anyone tell me how big the gap between chem HL&SL and econ HL&SL are? I'm currently taking math, chem, physics HL & english langlit, mandarin B, econ SL. Would dropping chem from HL to SL and switching econ SL to HL reduce the workload? I already feel quite overwhelmed by the amount of work from math&physics HL
  5. Hi. I am trying to do a EE about the economic effects that sports teams in California have on the state. Is my topic too broad? What economics concepts could I use other than taxation?
  6. Even though there are several guides here on IBS on how to write the Evaluation in Economics Internal Assessment I thought I could add this to it! There is a very useful acronym that can be used for evaluating in Economics IAs called CLASPP. Under is the explanation of the different letters and what you should aim at doing in the evaluation and the individual points/letters. (d.) — A clasp is some­thing that holds things together. But (spelled with 2 P’s) it’s also an acronym for the 6 types of eval­u­a­tion in IB Economics. Try to do all 6 parts. Con­clu­sions What can we con­clude from the the­ory (that you’ve explained in your analysis)? Long-term and short-term effects Is the change good in the short-term, but over in a few years it will have unde­sir­able consequences? Will the pol­icy be really hard on peo­ple in the short-run, but it fixes the long-term problem? Will this pol­icy fix one prob­lem, but cre­ate another? Assump­tions Are there some assump­tions being made, that the the­ory depends on that may not hold true? This is the same as “ceteris paribus” –the assump­tion that all other things are being held equal, when in fact they might not stay con­stant. Explain what might change and how that would effect your analysis. Tell us the weak­nesses in the theory? What is unre­al­is­tic about the theory? Stake­hold­ers What effects would this pol­icy (i.e. an indi­rect tax) have on the gov­ern­ment, con­sumers, pro­duc­ers and the rest of society? Poli­cies (i.e. price ceil­ings) are often made with par­tic­u­lar stake­hold­ers in mind, so are there unde­sir­able effects on other par­ties (i.e. price increases for consumers)? Is the pol­icy great for some groups, but bad for others? Pri­or­i­ties Dis­cussing the pri­or­i­ties of a soci­ety, or the gov­ern­ment is also a good way to keep things in per­spec­tive. A pol­icy like sub­si­diz­ing schools is good for fam­i­lies, good for the long-term macro econ­omy, but bad for tax pay­ers who don’t have chil­dren, what are the pri­or­i­ties as a society? Is there an impor­tant nor­ma­tive (i.e. val­ues aspect) that the the­ory doesn’t consider? Pros and Cons What are the advan­tages and dis­ad­van­tages of this policy? What are the costs and the ben­e­fits of this policy? What are the argu­ments for and the argu­ments against this policy? This one is to double-check that you haven’t left any­thing out in the pre­ced­ing ones. Just a heads-up; this is not actually my work - this is the work of IB Economics teacher Tim Woods. This particular part is taken from this webpage: http://www.timwoods....n-in-economics/. He also has other great resources on IB Economics, TOK, Extended Essay among other on his webpages. Check it out at http://www.timwoods.org/ (PS: the website can be a bit hard to navigate on, so be patient)! Anyways, I found it and I thought it was great so I thought "Why not share it with fellow IBSers?". Enjoy. EDIT: This has helped me a lot while writing my commentaries! EDIT 2: THANKS FOR THE PINNING!
  7. 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
  8. My IA for macroeconomics is about inflation but the solution that the article states is redenomination, which is not in the topic of economics. Is it alright if I evaluate redenomination in a macroeconomics IA?
  9. I'm doing my microeconomics IA about monopolies, and I'm not sure how I should format it or what to write for each section of my IA. If there's anyone who's done this before, can ya'll please help. 🙏🙏🙏
  10. Version 1.0.0

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    Notes for economics basics and microeconomics, based on the official IB economics study guide.
  11. Hello! I am planning to major in economics or business in university, and am thinking of studying in the US or Canada. Should I take HL Physics with HL Math application and HL Visual Art to show my willingness to take the most challenging course out of what I can, or take HL Economics instead of HL Physics to relieve my stress with HL Physics and HL Math, and aim for higher grade overall? Thank you.
  12. Hi, I am in my first year of IB and I have 4 HL's. I am debating on dropping either Geography HL or Economics HL but don't know which one to drop. Which one should I drop?
  13. 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!
  14. Hi, So Iv'e been offered by my IB coordinator to take one of my subjects online through Pamoja, as my subjects did not align with my schools subject lines. I'm not sure whether I should take it or not. My subjects are: HL English LangLit HL Global Politics HL Economics SL Biology SL Maths AI SL Spanish ab initio I would be taking HL Economics online. This is so that I could take both Global Politics and Economics together, which I could not do without the online course. Without the online course, I would have a class for Economics and would have to replace HL Global Politics (probably with HL psychology). I probably want to study international security / international relations at university. Has anyone had experience with doing the online classes through Pamoja, and would you recommend it? Is it worth it to study online, or will it be an unnecessary stress to not have a face to face class? Any recommendations? Any help is greatly appreciated. Thanks
  15. Hey, Im currently in Grade 11 and we've just been introduced to our EE and I've decided I wanted to do mine in Economics even though humanities essays are considered more difficult. I need to make a proposal to my economics teacher by this week since he's very sought after and teaches two subjects so if anyone could let me know whether my idea is suitable it would be much appreciated. Basically, in my essay I wanted to talk about Brexit and the fall of the pound as a result of this and I wanted to link it to either Income of British expats in Abu Dhabi (local context) however i thought that this might've been too specific even though its easy to get primary data on since I'm exposed to many professional British Nationals. I could talk about sending money back home and for retirement accounts and how the fall of the pound effects this. My other idea was how the fall of the pound effects the tourism industry in Abu Dhabi since a lot of British citizens come visit Abu Dhabi, however I thought for the secondary data it would be very hard to isolate just British citizens. In this option, I could talk about how British nationals spend more since the weak pound give them the luxury to do so but again I thought this might seem to be too weak of a link and be considered a stretch by the IB. My general layout for the EE would be first talking about the economic theory of exchange rate and purchasing power parity and then Brexit and talk about how mainly that and other factors contributed to the depreciation of the exchange rate of the pound. Then from there I would either talk about the tourism industry or the effects on income of British Expats. BTW, sorry this is a really rough overview since we only got introduced to the EE two days ago but i believe my econ teacher will be very helpful and i need him as my supervisor as soon as possible. Please let me know if you think this would be appropriate for an EE or if you have any other ideas about what I could link the fall of the pound to. Thanks in Advance !!
  16. yess

    Evaluation.pdf

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    Evaluation.pdf evaluation answers guidance
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    economics test2 ch2 and 3, 2018.pdf
  18. Hi everyone! I am currently writing an Econ Extended Essay aiming to determine the market structure of the coffee shop industry in my local area. Now, I have gathered lots of pricing data and I found out that all firms charge pretty similar prices, however one firm is charging a significantly lower price than all other firms. How could I explain these findings using economic theory? Best, Nico
  19. I am writing my EE on the negative effect of the US-China trade war on Apple, and I'm just wondering if anyone else has similar topics and I'd love to know how your EEs are going and help out with issues!
  20. I’m choosing my subjects next March and I don’t know if it makes any sense for me to take business management HL AND economics HL. I know that economic is relatively easy so I’ll probably get a high grade and i’m Really good at business management in IGCSE. I really don’t know which HL I hefts to take and therefore economics HL or theatre HL are my only options. PLEASE HELP!!
  21. Hello, thanks in advance for your answer. My friend has a very high probability of repeating one year. Under what conditions does a person stay in the second year in ib (11 grade) ? If in the first term (grade 11) the student receives 1,2,2,7,5,6. And in the third term (grade 11 ) he has 7,6,7,3,2,4 + A (TOK) will my friend have repeat a grade ? (Retention one year ) (CAS has done ) My friend is very nervous about this, but I don't know anything about falling conditions in ib. Thank you 😊
  22. Heyy!! I really need help finding an Econ IA article for Macroeconomics on unemployment or interest rates!! Please help. Thanks
  23. Please help me with my international economics IA. This is my article. https://www.straitstimes.com/asia/se-asia/philippine-central-bank-says-ready-to-rein-in-peso-volatility I'm not sure what exchange rate system the Philippine government is currently using. And I don't understand this bit "Espenilla said the peso's movements were market-driven, adding that the currency continued to draw support from the country's healthy macroeconomic fundamentals." Please explain the article to me. Thank you, people.
  24. In the Economics Paper 2, there are 4 articles and 4 long questions; should I try to read through both the articles and the questions completely during the five minutes reading time? I'm unsure that this is enough time. Should I just read the questions?
  25. Dear IB survival community, I am currently planning my Economics EE. I chose to investigate the market structure of my local coffee shop industry. I think this is a topic which allows for lots of primary research, however, I definitely want to include some relevant secondary sources in my essay as well. My supervisor has told me to look into economic books that deal with market structure analysis. Does anyone have any suggestions for that matter? Or any other useful tips or resources I could use for my essay?
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