Harrison Fuller Posted November 8, 2014 Report Share Posted November 8, 2014 Hey everyone! What were all your thoughts on the three economics HL papers for 2014 November?I found paper 1 alright, except for 1a) which i realised I had answered wrong regarding price functions and incentives. Paper 2 was great, I did questions 2 and 3.Paper 3 was excellent, don't think I lost many marks at all, did questions 2 and 3 (didn't do the theory of the firm one). Reply Link to post Share on other sites More sharing options...
IBfreakingout! Posted November 9, 2014 Report Share Posted November 9, 2014 Hello! Paper 1, did not know what 1.a) meant...didn't want to waste time figuring it out, or take the risk even though it looked like it was probably just the simply stuff worded weirdly. So I did Q2 and 3. Q2 went well. Q3 a)stuffed up what demand - deficient unemployment was.... 3b) Did not manage time effectively to answer the question as well as I could have. (Got my diagram wrong then had to re-do it and spent like 10 mins trying to make sure it was the right way around). Paper 2: Did questions 2 and 4 and it went amazing.Paper 3: Did questions 1 and 2. It went really well despite me being an idiot and calculating the slope wrong (lost easy 2 marks), I didn't make many other mistakes (hopefully). Reply Link to post Share on other sites More sharing options...
Harrison Fuller Posted November 9, 2014 Author Report Share Posted November 9, 2014 Nice! Yeah 1a for paper 1 confused me and I thought it meant price incentives in terms of elasticity and hence the more inelastic a product is the higher the 'incentive' the price function is. Looked up some examples on google afterwards and realised it was just to do with market equilibrium... I agree, paper 1 is very crucial for time management and I ended up only having about 15 mins to answer the 15 minute discuss question, however it was a great question I must say. Yep, 2 was great on paper 2 (can't remember what 4 was). Discussion question at the end was good, and definitions were relatively easy too and the diagram questions were good. Same with 3, I don't think I lost any marks (or at least only a couple). Question 2 was by far the easiest due to being demand functions etc. I might add I actually didn't revise theory of the firm on purpose - I knew you could choose questions that didn't involve it. A little risky, but it payed off Reply Link to post Share on other sites More sharing options...
1197ibscrewed Posted November 9, 2014 Report Share Posted November 9, 2014 Hey! I didn't do this question (I did 2 and 3) but apparently for Paper One, question 1a has appeared in a previous paper...I think that it may have been in 2008? It's obviously not much help now, but it might be worth having a look to gauge how you went. Paper Two and Three were both pretty easy, especially Paper Three. Pretty happy with how economics went! Good luck for the rest of your exams! Reply Link to post Share on other sites More sharing options...
sophmliib Posted November 11, 2014 Report Share Posted November 11, 2014 The exam was generally fine, I think. On paper 1 I did 2 and 4, and I did miss a concept on 2(a) but the rest was fine.I also thought that paper 2 was relatively easy, I did questions 2 and 3 too:DSurprising that quite many people here did 2 and 3, most of my classmates did 1 and 4 so I felt kinda left out lolI freaked out before paper 3 so I was so relieved when I looked at the questions. I did 1 and 2, since GDP sometimes confuses me. I really hope my IA's don't get downgraded too much. Economics is one of the subjects that I am really hoping to get a 7 in! Reply Link to post Share on other sites More sharing options...
ben322 Posted November 12, 2014 Report Share Posted November 12, 2014 (edited) Thought the papers were generally manageable! Essay Paper (Paper 1): Attempted Q1 and Q3 - both questions went almost smoothly as I had amply prepared for them. Ran out of time for Q3 to write a proper conclusion though :/ Also thought Q4 was slightly difficult to attempt. Data Response Paper (Paper 2): Attempted Q1 and 4. Felt the paper was generally rather manageable!!! For kids out there doing the papers after Nov 14, remember: know your Micro and Macro stuff for Paper 2 as well! Math Paper (Paper 3): Attempted Q1 and Q2. Thought both went well too, aiming for close to 50/50 to pull up any losses I may have made in paper 2! IA: I know my script was sent to IBO for moderation Hope they weren't downgraded All the best for the remainder of the papers, people! Edited November 12, 2014 by ben322 Reply Link to post Share on other sites More sharing options...
IBfreakingout! Posted November 13, 2014 Report Share Posted November 13, 2014 oh man everyone's done so well in econ that now I'm worried Reply Link to post Share on other sites More sharing options...
sp10ib2014 Posted November 13, 2014 Report Share Posted November 13, 2014 Nice! Yeah 1a for paper 1 confused me and I thought it meant price incentives in terms of elasticity and hence the more inelastic a product is the higher the 'incentive' the price function is. Looked up some examples on google afterwards and realised it was just to do with market equilibrium... I agree, paper 1 is very crucial for time management and I ended up only having about 15 mins to answer the 15 minute discuss question, however it was a great question I must say. Yep, 2 was great on paper 2 (can't remember what 4 was). Discussion question at the end was good, and definitions were relatively easy too and the diagram questions were good. Same with 3, I don't think I lost any marks (or at least only a couple). Question 2 was by far the easiest due to being demand functions etc. I might add I actually didn't revise theory of the firm on purpose - I knew you could choose questions that didn't involve it. A little risky, but it payed off Ahaha my tactic exactly!! I never learnt theory of the firm and it paid off so much :) Hahaha we outsmarted the IB I did the same thing with paper one :/ and am a little worried now. Apparently a very similar question was on a 2008 paper urgh. Paper 2 and 3 were surprisingly easier than i thought Reply Link to post Share on other sites More sharing options...
Harrison Fuller Posted November 13, 2014 Author Report Share Posted November 13, 2014 Nice! Yeah 1a for paper 1 confused me and I thought it meant price incentives in terms of elasticity and hence the more inelastic a product is the higher the 'incentive' the price function is. Looked up some examples on google afterwards and realised it was just to do with market equilibrium... I agree, paper 1 is very crucial for time management and I ended up only having about 15 mins to answer the 15 minute discuss question, however it was a great question I must say. Yep, 2 was great on paper 2 (can't remember what 4 was). Discussion question at the end was good, and definitions were relatively easy too and the diagram questions were good. Same with 3, I don't think I lost any marks (or at least only a couple). Question 2 was by far the easiest due to being demand functions etc. I might add I actually didn't revise theory of the firm on purpose - I knew you could choose questions that didn't involve it. A little risky, but it payed off Ahaha my tactic exactly!! I never learnt theory of the firm and it paid off so much :) Hahaha we outsmarted the IB I did the same thing with paper one :/ and am a little worried now. Apparently a very similar question was on a 2008 paper urgh. Paper 2 and 3 were surprisingly easier than i thought Agreed! My friends were all like dude you can't not revise theory of the firm, it's like the biggest topic in HL economics! Good thing I checked out the past exams and saw that only max 1 theory of the firm question would be for each paper meaning I could just do the other Yeah I'm pretty annoyed with 1a, it felt like I had never covered it in class or anything, like I never remember my teacher mentioning the words "price incentives/functions" ever. Ah well, only a 10 mark part, the 15 mark bit was much better! And yep, loved paper 2 and especially 3 (hoping for a 7 in paper 3 at least!) 1 Reply Link to post Share on other sites More sharing options...
sp10ib2014 Posted November 14, 2014 Report Share Posted November 14, 2014 Nice! Yeah 1a for paper 1 confused me and I thought it meant price incentives in terms of elasticity and hence the more inelastic a product is the higher the 'incentive' the price function is. Looked up some examples on google afterwards and realised it was just to do with market equilibrium... I agree, paper 1 is very crucial for time management and I ended up only having about 15 mins to answer the 15 minute discuss question, however it was a great question I must say. Yep, 2 was great on paper 2 (can't remember what 4 was). Discussion question at the end was good, and definitions were relatively easy too and the diagram questions were good. Same with 3, I don't think I lost any marks (or at least only a couple). Question 2 was by far the easiest due to being demand functions etc. I might add I actually didn't revise theory of the firm on purpose - I knew you could choose questions that didn't involve it. A little risky, but it payed off Ahaha my tactic exactly!! I never learnt theory of the firm and it paid off so much :) Hahaha we outsmarted the IB I did the same thing with paper one :/ and am a little worried now. Apparently a very similar question was on a 2008 paper urgh. Paper 2 and 3 were surprisingly easier than i thought Agreed! My friends were all like dude you can't not revise theory of the firm, it's like the biggest topic in HL economics! Good thing I checked out the past exams and saw that only max 1 theory of the firm question would be for each paper meaning I could just do the other Yeah I'm pretty annoyed with 1a, it felt like I had never covered it in class or anything, like I never remember my teacher mentioning the words "price incentives/functions" ever. Ah well, only a 10 mark part, the 15 mark bit was much better! And yep, loved paper 2 and especially 3 (hoping for a 7 in paper 3 at least!) Heyy yeah it will be interesting to see what happens with the mark boundaries for econ. You do geography HL? Me too. Any idea where I can find some recent practice past papers? Reply Link to post Share on other sites More sharing options...
Harrison Fuller Posted November 14, 2014 Author Report Share Posted November 14, 2014 (edited) Nice! Yeah 1a for paper 1 confused me and I thought it meant price incentives in terms of elasticity and hence the more inelastic a product is the higher the 'incentive' the price function is. Looked up some examples on google afterwards and realised it was just to do with market equilibrium... I agree, paper 1 is very crucial for time management and I ended up only having about 15 mins to answer the 15 minute discuss question, however it was a great question I must say. Yep, 2 was great on paper 2 (can't remember what 4 was). Discussion question at the end was good, and definitions were relatively easy too and the diagram questions were good. Same with 3, I don't think I lost any marks (or at least only a couple). Question 2 was by far the easiest due to being demand functions etc. I might add I actually didn't revise theory of the firm on purpose - I knew you could choose questions that didn't involve it. A little risky, but it payed off Ahaha my tactic exactly!! I never learnt theory of the firm and it paid off so much :) Hahaha we outsmarted the IB I did the same thing with paper one :/ and am a little worried now. Apparently a very similar question was on a 2008 paper urgh. Paper 2 and 3 were surprisingly easier than i thought Agreed! My friends were all like dude you can't not revise theory of the firm, it's like the biggest topic in HL economics! Good thing I checked out the past exams and saw that only max 1 theory of the firm question would be for each paper meaning I could just do the other Yeah I'm pretty annoyed with 1a, it felt like I had never covered it in class or anything, like I never remember my teacher mentioning the words "price incentives/functions" ever. Ah well, only a 10 mark part, the 15 mark bit was much better! And yep, loved paper 2 and especially 3 (hoping for a 7 in paper 3 at least!) Heyy yeah it will be interesting to see what happens with the mark boundaries for econ. You do geography HL? Me too. Any idea where I can find some recent practice past papers? Hey I'm stressing out about geog because I don't know any case studies I've got past paper 3's from 2011 until 2014 may but no mark schemes for them, otherwise you could go on freeexampapers.com/#/IB but those papers are like 2010 and older. I should have asked my teacher for past papers, now it's probably too late If you've got facebook or something I could send you what I have? Edited November 14, 2014 by Harrison Fuller Reply Link to post Share on other sites More sharing options...
trin Posted November 16, 2014 Report Share Posted November 16, 2014 HeyDid anyone else do question 4 in paper 1? I thought it was really hard, wasn't sure how promoting income equity effected efficiency.The rest I am quite pleased with, everyone seems to think paper 3 was easy. Reply Link to post Share on other sites More sharing options...
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