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International Baccalaureate: Economics

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  • Peer Reviewed essays 1

  1. Microeconomics case study - News Article "Electric cars rise to record 54% market share in Norway in 2020".

    • Word count: 1342

  2. Evaluate the effectiveness of Foreign Direct Investment (FDI) as a means of achieving economic growth and economic development in a less developed country.

    • Word count: 731

  3. MacroEconomic IA -Japanese Unemployment

    Although the unemployment rate performance good, the article mentioned that there are still hidden unemployment problems in the calculation. Many people have part-time work, but really like to be working full time.They might not earn as much as they would like, but have to stay in part-time job as it is better than no job. The old Japanese people are lack of confidence in Japan?s Economy,and they go out and looking for a job, but they might only get part-time jobs as they have some difficulties to get a job as their high age. Japanese firms prefer part-time workers as well due the low wages and less payment for the their insurance.

    • Word count: 746

  4. Role of ICT for "Make in India" government initiative.

    Narendra Modi * Number of sectors : 25 * Investment Proposals received : INR 2000 crore (till Oct 9th,2014) * ?MAKE IN INDIA? campaign is dedicated to patriot, a great philosopher and political leader Pandit Deen Dayal Upadhyaya who was born on the same date in 1916 Information and Communication Technology: ICT can be broadly viewed under two sectors, Information Technology ( IT ) and Communication. It refers to technology that gains access to information via telecommunications. ICT includes various communication mediums like Internet, wireless networks, Mobile phones etc. Modern Information and Communication technology has constructed a ?Global Village? where people all around the world can communicate with each other as if they were living next door.

    • Word count: 5668

  5. What are the stages in economic development? Discuss this in reference to at least two countries.

    All the economies of the world were more or less agricultural economies at one period of time. The economy is called subsistence in that at this turn virtually a farmer can hardly grow sufficient food for his survival despite his utmost efforts at it. The economy is marred by the fact that the country usually has very low literacy rates, outdated means of cultivation. Poor transportation, short life expectancy, high infant mortality rates and widespread hunger. With the passage of time and scientific techniques being used by the farmers, there comes a stage when the farmer can excel in agricultural productivity.

    • Word count: 1460
5 essays
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Economics is a social science which studies how resources are utilised and the production, consumption and transfer of wealth. It looks at how human decision-making affects the relative prosperity of nations and societies and the factors which inform these decisions. As a social science, it relies on scientific methodology, analysis and the fact that it underpins economies makes it relevant on a daily basis. Indeed you will be encouraged to keep a keen eye on the news as many of the theories and topics you will be studying will be exemplified on a regular basis.

The IB course will cover macro-economics: those theories which deal with the economies of countries and the economic decisions of governments. It also covers microeconomics which looks at the variables which affect companies, individuals and markets. Other topics you'll cover are development economics and international economics and a global perspective is a key element of the course.

There are three examinations requiring a variety of techniques including essay writing. Marked by Teachers can help you gain the key skill of writingextended answers with their impressive collection of IB Economics essay examples. There is also internal assessment, which requires a portfolio of commentaries based on topical economic news items.

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Conclusion analysis

Good conclusions usually refer back to the question or title and address it directly - for example by using key words from the title.
How well do you think these conclusions address the title or question? Answering these questions should help you find out.

  1. Do they use key words from the title or question?
  2. Do they answer the question directly?
  3. Can you work out the question or title just by reading the conclusion?

  • Evaluate the policies available to a government that wishes to reduce unemployment rate

    "For this essay, I have only compared two policies of structural unemployment as it would not be equal to compare a policy for a type of unemployment (i.e. frictional) then another policy to help another type of unemployment (to seasonal) as the policies are dependent on their respective types. Therefore in conclusion, I think that although the first policy of skills training has its drawbacks, like being effective only in the long run, it does have great benefits in solving structural unemployment, and it does outweigh the second policy, as the negative effects the second policy might have on its people is higher, therefore I think the first policy is a more permanent solution to reducing unemployment."

  • Discuss the proposed introduction of a graduate tax in Scotland

    "In conclusion , we have to accept that graduation tax will be a very smart move if applied as it is going to help the government , the students and also the universities to pass this big economic crisis .During this essay we saw politicians , academics ans also people who represent the students who agreed about this measure and find it really positive and there were also groups such as the Institute of Directors which stated that the negative impact is bigger than the positives .It was also reported from the president of NUS that students will only accept this measure only , if some other changed will take place , such as public funding . 792 Words"

  • Discuss and evaluate the proposition that perfect competition is a more efficient market structure than monopoly.

    "In conclusion, the statement that claims that a perfect competition is more efficient than a monopoly is true. Perfect competition satisfies both methods of measuring efficiency, whereas a monopoly satisfies none, when profit maximizing. In a perfect competition, the consumer and producer surpluses are maximized, meaning Pareto optimality is achieved. Additionally, the lower prices of goods, means that the consumer has more disposable income to buy other goods, yielding a positive externality to third parties. This also aids economic growth. A monopoly often loses incentive to invest in their goods and products due to them being the sole seller of their good. This stalls advancements in technology, and means the PPC does not shift further outwards, stunting economic growth."

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