Economics examines the complexity and interdependency of different economic activities in a constantly changing world.
For the IA at SL and HL, you’ll use economic models and theories to analyze choices made at microeconomic, macroeconomics, and global economics levels to manage the problem of scarcity.
This guide looks at the definition of economics internal assessment, articles, diagrams, structure, and the assessment criteria. We also cover where to get your IA written for you if you don’t have the time to do so yourself, as well as how much it would cost.
What is an IB Economics Internal Assessment?
IB Economics IA is a task that requires students to conduct independent research on economic issues of national or global significance and write a 750-word report on their findings.
You have to choose and analyze events supported by three articles published within the previous 12 months. Then, use concepts from the Economics syllabus to provide a comprehensive analysis of the events by employing appropriate terminology and analytical techniques.
Articles in IB Economics IA
The best articles for IB Economics IA should:
- Include clear links to two or more parts of the Economics syllabus. The parts of the economics syllabus are Microeconomics, Macroeconomics, Global Economics, and Development.
- Have just enough data for you to base the entire report on. Don’t use extensively analyzed articles from sources such as The Economist and The Wall Street Journal. Instead, use financial reporting from sources such as BBC, The New York Times, and The Huffington Post.
- Be current. Each article should be no older than six months or at most 12 months if articles that are more recent are not available because Economics IA focuses on current events with an economic impact.
- Lend itself to the drawing of one or two diagrams used to analyze, evaluate, or offer a solution to a specific problem addressed.
- Come from different but reputable sources, cover a different section of the syllabus, be a primary source that doesn’t rely on the opinions of other writers or publications.
We recommend choosing articles that focus on a topic that appeals the most to you or piques your personal interest. Moreover, your issue should raise controversy or debate, so you can get the drive and motivation to write.
How to Structure and Write an IB Economics IA
Follow the steps below to structure your IB Economics IA:
- Write an introduction
- Draw your diagram
- Explain your diagram
- Develop an explanation
- Give a solution
1. Write an Introduction
Define key terms or give a quick overview of your topic in 100 words.
Keep the introduction short and to the point. Make it one paragraph long and more than 150 words in length.
2. Draw Your Diagram
Create a graph, chart, or statistics table to represent your evaluation strategy.
Shade and label all relevant areas in your diagram, but keep in mind that the words used in the visual don’t count towards the overall word count of your Economics IA.
3. Explain Your Diagram
Although this is an exam and you expect experienced economists to assess your work, assume your audience includes people with limited education in economics. Therefore, explain the entire theory in simple and accessible language, and make your explanation at most 300 words long.
Here’s what to do:
- Clarify links and logic by drawing connections between concepts and use straightforward examples to show how one idea leads to another.
- Explain your concepts by breaking down the theory into manageable parts and use everyday language to describe how it works or why it might not work.
- Support assumptions and conclusions by clearly stating any assumptions you are making, provide evidence or reasoning to back up your conclusions, and show the steps of your thought process so the reader understands how you arrived at your conclusions.
- Communicate clearly. Keep sentences short and to the point. Avoid jargon or technical terms and explain them if you must use them.
Examiners are looking for clear and logical explanations that demonstrate your understanding of the concepts and your ability to communicate them effectively.
4. Develop an Explanation
Delve into your observations and analyze them thoroughly. Uncover the intricate connections between events and their underlying causes.
For example:
When examining the issue of farmers discarding surplus milk, trace back to the root causes and establish clear links for your audience to understand the conclusions.
5. Give a Solution
State what practical steps we can take to address this issue in the real world. Your focus should be on solutions that are feasible and realistic, not lofty ideals.
Use them CLASPP model to evaluate your proposed solution.
- Conclusions: What is the key takeaway from your solution?
- Long and short-term effects: How will your solution affect the situation over time?
- Assumptions: What underlying assumptions have you made in proposing this solution?
- Stakeholders and participants: Who are the key players involved in implementing this solution?
- Priorities: What steps should be prioritized if we were to put this solution into action?
- Pros and cons: What are the advantages and disadvantages of your proposed solution?
Can You Write an Economic IA for Me?
Help for Assessment can write an economics IA for you. We provide this as a paid service, meaning you have to hire an IA writeron our platform to complete the task for you.
The best thing about our writing service is that we guarantee quality and deliver comprehensive papers. It doesn’t matter if you need one, two, or all of the three commentaries written for you. Our team is here to offer the best writing service on the internet.
How Much Does It Cost to Write an Economics IA?
The cost to write an economics IA depends on the urgency of the commentary, IB level, number of charts, number of slides, and the choice of writer. Ideally, expect to spend between $12.99 and $40 per page for each commentary.
Help for Assessment offers a discount of up to 10% to new customers. So in addition to getting high quality economics commentaries written for you, you save money with our writing service. Above all things, we guarantee to deliver quality work on time.