Ib Economics Paper 1 Sample Answers

Ah yes Economics Paper 1. If you’re an Economics student, either SL or HL, you’ll know that it can be tough to score enough marks to get into those higher grade boundaries. So if that’s exactly how you’re feeling, fear not. There are ways you can score higher marks.

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In this article I’m going to cover the following points:

Answers
  • What DEED/DEEDE stands for
  • Using DEED/DEEDE
  • Practice makes perfect
  • Getting your teacher’s help

You can also check out my other article on the Economics Internal Assessment to see how DEED is used there if you’re interested.

So let’s get into. Just how DO you nail Economics Paper 1?

What does DEED/DEEDE Stand For?

If you haven’t read my Econ IA then I’ll catch you up to speed real quick. If you have read it then you can skip to the “Practice Makes Perfect” section.

Now, for those of you who are new to the acronym, DEED or DEEDE, here’s what they mean:

D – Define
E – Example(s)
E – Explain
D – Diagram(s)

Ib Economics Paper 1 Sample Answers

As for the other one, DEEDE is basically all of the above with the inclusion of the extra ‘E’ which stands for Evaluation because that’s essentially what the extra 5 marks are in the 15 mark questions.

Just to be clear, you can mix it up if you like. When you answer your 10/15 mark questions in Economics Paper 1, you don’t necessarily need to follow the DEED format. You can put your explanations before examples or define your terms at the very end. As long as it has a good flow that examiners can follow. That’s the important part.

DEED and DEEDE are checklists for what your answer need to contain. Floating sandbox free download mac.

Using DEED/DEEDE In Economics Paper 1

‘Define’ means you need to define the terms you’re going to use in your answer. For example, if you were going to mention terms like ‘opportunity cost’ or ‘demand/supply’, you would need to define what these mean.

You need to remember that when you write Paper 1, you need to do so as if you’re explaining to someone who’s never ever studied Economics before.

‘Example(s)’ means you should give either real life examples or hypothetical situations. So for example (pun not intended), you could write something like:

“The opportunity cost for the government of country X in lowering income taxes on consumers could be reduced government spending as the government receives some of it’s revenue from taxes”

‘Explain’ means you need to elaborate on the theory in your answer. For example, let’s take a look at 10 marker from the November 2015 HL Economics Paper 1:

Explain why a government might decide to impose an indirect tax on the consumption of cigarettes

In this instance, the ‘Explain’ part of your answer would include mentioning things like increasing government spending and reducing consumption of cigarettes since they’re demerit goods. Remember that you should be writing as though you were explaining to someone with no knowledge in Economics.

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So for example, a sample response might be:

P7m viewer. “A government may impose indirect taxes to increase government revenue and therefore increase government spending, which could benefit the economy. It might also impose indirect taxes to discourage smoking and subsequent passive smoking, both of which are health risks to consumers.”

Something like that.

The ‘Diagrams’ part is pretty self-explanatory. Depending on the question, you will need to draw an appropriate graph to go with your answer. For full marks, you need to focus on the details such as correct labelling and clarity so make sure to make the diagrams large.

As for the ‘Evaluation’ part of DEEDE, this is where you’re essentially doing a ‘advantages vs. disadvantages’ assessment. Be careful though. It’s not a simple as it sounds.

A question might ask you to ‘Discuss’, ‘Evaluate’, or any other relevant term. So you’ll need to be careful with how you word your answer so that’s it’s NOT just a blunt list of pros and cons that doesn’t sound like it’s answering the question at all.

Also be aware that the ‘Evaluation’ part is ONLY for the 15 mark questions in your Economics Paper 1.

For example, the 15 mark question following the 10 mark question before is the following:

Discuss the possible consequences of the imposition of an indirect tax on cigarettes for the different stakeholders in the market

Sample

Your response might look a little something like this. Remember that ‘Discuss’ is the keyword so make it sound like you’re discussing:

The consequences of the imposition of such a tax will likely fall on producers and consumers of cigarettes. Producers will lose out as demand for their product will fall as a result of higher prices due to the tax. Consumers may also lose out because cigarettes are addictive and so may choose to continue paying higher prices.

On the other hand, the government may benefit as government revenue might increase leading to increased government spending, which would also benefit the economy. Second hand or passive smoking by consumers who don’t smoke could also decrease as a result of the tax which. Additionally, some smokers my be discouraged from the higher prices and could quit smoking completely”

Whether the above sample response is any good is up for debate but the point of me writing it is for you to get an idea of how you could format your answers.

Practice Makes Perfect

Oh wait you thought this was going to be simple? Nah. Sorry to disappoint but 90% of whatever grade you’re eventually going to get is going to come from practice.

That applies to pretty much all your subjects when it comes to exams. Adata hd710 driver. Economics Paper 1 is definitely something you’re going to have to do a lot of practice runs on so get a chunky stack of blank paper out and prepare for some long, arduous hours of work.

Try to prioritize polishing up your 15 markers. You’re pretty much getting a 2 for 1 deal since 15 markers are basically 10 mark questions plus an evaluation.

Since you’ve got an hour and 30 minutes for your exam and you need to answer two 10 mark questions as well as two 15 mark question, you need to use your time efficiently.

That’s 45 minutes per pair of questions. Remember, your 15 mark questions usually take more time so make sure to give more time for those.

A combo that worked for me was spending 18 minutes on the 10 marker and 27 minutes on the 15 marker. You can organize your own time however you like but try timing yourself when practicing. Your performance under pressure is key to a good answer.

Teacher’s Feedback

If possible, try to get some feedback from your teachers. They are immensely helpful for your Economics Paper 1 practice. They can spot areas that need improvement and what you’re doing well.

Even sending one or two over could give you a good idea of where you need to work on. Even if the feedback is harsh, take advantage of it. There can be some brutal teachers but trust me, they’re doing it for your own good. The harsher, the better. You kind of need that brutality.

Anyway I digress. The bottomline here is that any and all feedback is good feedback. Especially from teachers.

I wrote another article that kind of acts as an extension to this one. It has the same past paper questions but I go more in depth with DEED/DEEDE and long answer response structuring. Here’s the link.

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IB Economics Paper 1 Tips Structure/Plan Of Action. Planning is a general theme to pretty much all my articles. There will be no exception for this IB economics paper 1 tips article. Planning is key and I know it's a cliché to say this but when you fail to plan, you plan to fail. Simple as that. Don't worry too much about that though examples of the over-exploitation of common access resources. Assessment Criteria Part (a) 10 marks Level Marks 0 The work does not meet a standard described by the descriptors below. 0 1 There is little understanding of the specific demands of the question. 1-3 Relevant economic terms are not defined Ib Economics Paper 1 Sample Answers Pdf Emperor Of The Sea: Samandar Ke Baadshah Spotify Premium Free Pc Sims 4 Cc Patterson Dental Canada Novel Outline Template Tubedigger 6.6 Serial Link to folder of model answer Paper 1 essays N.B. If the file has a name in the title, it means it has been composed by a previous student of mine. [DOWNLOAD] Ib Economics Paper 1 Sample Answers | new! Economics Paper 1 is definitely something you're going to have to do a lot of practice runs on so get a chunky stack of blank paper out and prepare for some long, arduous hours of work . Paper 2 is more or less in the format of the commentaries - there is an article, from which you are to provide definitions, graphs, and an evaluation

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Economics Example Answers Paper 1

  1. For example, let's take a look at 10 marker from the November 2015 HL Economics Paper 1: Explain why a government might decide to impose an indirect tax on the consumption of cigarettes In this instance, the 'Explain' part of your answer would include mentioning things like increasing government spending and reducing consumption of.
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    This resource consists of two sample essays for IBDP Chinese. The first essay is a sample answer for IBDP Standard Level Chinese A Language and Literature Paper 1, where CANA's lead Chinese tutor demonstrates how to comment on an article from the author's writing skills and argumentation approaches I'm not very sure if you will have the same patterns in your paper since I have given my exams in 2017 and I heard the pattern of papers will change after 2017. However, I can give you general advice. Firstly, make sure you know your concepts well. Title: Monopolistic Competition Exam Questions - IB Economics Paper 1, Author: Qurious Education, Name: Monopolistic Competition Exam Questions - IB Economics Paper 1, Length: 6 pages, Page: 1. Paper 1 Extended response paper on microeconomics and macroeconomics 1.5 30 Paper 2 Data response paper on international and develop-ment economics 1.5 30 Paper 3 HL extension paper on all syllabus content 1 20 Internal Portfolio Three commentaries based on different sections of the syllabus and on published extracts from the news media. 20 20 IV

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    IB Economics SL. Find resources which includes Sample Papers, Sample IAs, Samples EEs Distributed Among 138+ files which will act as your secret weapon to ace your IB Economics SL exam A good revision technique is reviewing sample questions and model essays: Micro A Level Questions and Answers: Why Women are Paid Less than Men (30) Edexcel Unit 5a; Does a Minimum Wage Reduce Poverty? - (30) AQA unit 5 Business Economics; Discuss 3 different Policies to Reduce Inequality(30) AQ The #1 IB Mathematics Resource in 2020 & 2021. Analysis & Approaches (AA) and Applications & Interpretation (AI). Practice Exams, Questionbank, Past Papers, Video Part (d) of the questions examines assessment objectives 1, 2 and 3. Maximum marks earned in paper 2, and percentage in total IB Economics grade Since the student must answer two questions, Paper 2 earns a maximum of 40 marks. Paper 2 accounts for 40% of the student's overall grade at standard level, and 30% o Economics Higher level Paper 2 9 pages International Baccalaureate Organization 20 15 Instructions to candidates y Do not open this examination paper until instructed to do so. y You are not permitted access to any calculator for this paper. y Section A: answer one question

    In HL Papers 1 and 2, the changes are the same as for SL above, although the questions may be taken from all areas of the syllabus, including the HL extension topics. HL Paper 3 is now a policy paper. There will be two questions and candidates are required to answer them both IGCSE Economics 2017 Past Papers. Home > IGCSE Economics Past Papers > IGCSE Economics 2017 Past Papers. Complete IGCSE Economics 2017 Past Papers Directory

    How To Nail Economics Paper 1 In The IB Diplom

    Hi, I'm David. This site hosts comprehensive IB Economics revision notes my study group and I made for the post-2013 examinations syllabus (currently SL material only). I got a 7 and here's how you can too! Jan, 26th, 2021 Update: It appears that the Google doc files for hosting the revision notes and IAs wer Answers pt3 english paper 1 sample invitation letter for goals mba essays. Specimen hl paper writing 7 in each page 2; ib economics international certificate in english paper 2 pdf click —- sample papers. Integrated science paper abstract of one of all over the international business example 1 sample of international baccalaureate high Read each question carefully before you start to answer it. • Try to answer every question. Check your answers if you have time at the end. Centre Number Candidate Number Write your name here Surname Other names You do not need any other materials. Total Marks Economics Level 1/2 Paper 1: Microeconomics and Business Economics 4EC1/0 The Economics Classroom IB Economics Paper 3 - Quantitative Methods The following information will help you prepare for the types of questions you will face on HL paper 3. Command terms to expect on paper 3: Calculate: Obtain a numerical answer showing the relevant stages in the working. Co.

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    Hi there My paper 1 exam is tomorrow *YIKES* and I thought it would be rather easy to find a sample paper/past paper to practise with, but so far I've only found a paper 2 sample (which I'll practise with as well) provided by the IB itself Paper 3 - 20% weighting - 1 hour This is a Higher Level extension paper that assesses the quantitative aspect of the course. It covers elements of all part of the syllabus and is mainly short answer questions. Internal Assessment consists of a portfolio of three commentaries worth 20%. IB Standard Level Assessment External Assessment. [2020 Updated] IB Maths HL Past Paper Solutions & Tutorials. Revision Village - #1 IB Maths HL Resource, 2020 & 2021 Annex 1: Conduct of IB examinations additional materials may be included in separate bags to the exam papers (for example, geography answer booklets Graph paper Economics SL/HL Papers 1 and 2 • Unstructured examination paper 2 Economics HL Paper 3 • Structure