IB Economics Paper 1 Tips (HL/SL)

IB Paper 1 Structure (HL/SL) - The IB Paper 1 Structure (HL/SL)

[mystic]

paper 1 tmrw, and i've barely studied cuz I was so focused on math and physics. hopefully we can clutch this

[matimacek]

Do NOT take for granted the time. It IS really short, it does not matter if you are a fast writer or a slow one, time WILL be tight, probably insufficient. do check your timing and DO leave 30 mins for question b) in each question.

[peppervfx]

I just got a 7 because of you. Thank you so much!!!

[siddharthnandi]

damn a day to go... good luck everyone

[coz_i_am]

You are the better and smarter vikstarr

[AT-ezhr]

Paper 1 Practise questions (from question bank)

Micro:
1.
a) Using diagram (s) explain why a government might wish to grant a subsidy to producers of cocoa. [10]
b) Discuss the consequences for consumers, producers and the government of granting a subsidy to cocoa farmers. [15]

2.
a) Explain how game theory (the simple prisoner’s dilemma) can illustrate strategic interdependence. [10]
b) Discuss the role of interdependence in an oligopoly in the choice whether to compete or to collude. [15]

Macro:
1.
a) Explain the significance of Green GDP. [10]
b) Discuss the view that 'GDP per capita is not a useful indicator of living standards.' [15]

2.
a) Explain, using a PPC, the difference between actual and potential economic growth. [10]
b) Discuss the possible consequences of economic growth. [15]

So much studying ;-;.
(Thanks SO much for the video!!!!)

[rssven]

Great IB, gives you 90 minutes for an exam, but the teacher gives you 95 minutes of content. #IBLife

[JAYBEATBOXX]

I am so grateful for your videos. Big ups man!

[FrontRowGamer]

Hi, thanks for the video.
Can the examples be more general e.g. oil as an example for a good with inelastic demand or will they expect more specific examples in history e.g. OPEC raising oil prices in the 70s as an example of cost-push inflation?

[realdvgarg]

If I score a 7 in my term end (dp1) I'll paypal you a 50.

[galahad]

Can a student earn top marks without using real world examples? Meaning, do students need actual examples of every economic concept they can pull out(i.e. The price of Butter increased in Madrid in 2006 by 5%, resulting in a 10% increase in the Qd of margarine, thus illustrating cross-price elasticity...etc.).
What level of example is satisfactory? Difficult time finding an answer to this. Thanks

[Johnny-judi]

any tips for cheating on the 2021 online exam?