Popular Post dniviE Posted December 14, 2012 Popular Post Report Share Posted December 14, 2012 (edited) 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.ConclusionsWhat can we conclude from the theory (that you’ve explained in your analysis)?Long-term and short-term effectsIs 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?AssumptionsAre 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?StakeholdersWhat 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?PrioritiesDiscussing 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 ConsWhat 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! Edited December 18, 2012 by dniviE 15 Reply Link to post Share on other sites More sharing options...
will_master_IB Posted April 27, 2013 Report Share Posted April 27, 2013 How can you manage to write everything necessary under 750 words? Reply Link to post Share on other sites More sharing options...
cricketcrazynerd Posted May 17, 2013 Report Share Posted May 17, 2013 In addition to CLASPP, my teacher also gave my class something called the PAST approach...here it is:Prioritise existing arguments/solutions in order of importance, costs/benefits, effectiveness, strengths and weaknesses, advantages/disadvantagesAlternatives: examine the alternative arguments/solutions/viewpointsStakeholders: impact on different groupsTimeframes: weigh up short term vs long term impacts 4 Reply Link to post Share on other sites More sharing options...
ibsurfer Posted January 13, 2020 Report Share Posted January 13, 2020 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). Reply Link to post Share on other sites More sharing options...
examfighter Posted February 14, 2020 Report Share Posted February 14, 2020 I have made several videos about how to get a level 7 in IB Economics. Check it out! https://www.youtube.com/playlist?list=PLCx2pJo1RXDDNdRGDGu1MFqAJuS31u15a Reply Link to post Share on other sites More sharing options...
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