Complete Guide to Examples in Paper One for Economics (HL/SL)

You need to include at least one example for each essay question to get the highest band. Be sure to continue referring to your example throughout your essay. Microeconomics Concept Examples PED Elastic: restaurant meals, Inelastic: oil and gas XED Complements: shampoo + conditioner, Sub: low-fat milk and high-fat milk Tax incidence PES PES elastic: …

Complete Guide to Evaluations in IB Economics (HL/SL)

Here's my massive table of evaluations (by concept and topic) for IB Economics. If in doubt, consider the following: Advantages vs Disadvantages Long-term vs Short-term impact Stakeholder impact (consumers, producers, government) Generational impact (elderly, children, adults) Class impact (upper-class, lower-class, working-class) Assumptions of the theory Microeconomics Concept Evaluation PED E.g. Tax gas - affect bus …