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Economics IA

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I'm doing my second internal assessment on this article:

http://www.slate.com/id/2176963/

I'm able to define all the economic terms but I'm having a hard time linking the whole thing to economic theory. Price controls, inflation, and CPI are all that I can make out but what do those categorize as? So can anybody help me relate the article to the syllabus and perhaps give me a few ideas for what to write?

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Hmm, are you sure the site you pointed out is considered an article by IB? In my opinion, it seems more like a commentary (the website says it too) and you might run into trouble with that as the meaning is to do a commentary about actual economic news. I'm not sure, but I don't think that can be considered to be news as it doesn't tell about a specific economic phenomenon, but instead talks more generally about price controls being re-established. So you might want to consult your teacher about whether your extract is a smart pick.

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