Exams in economics require effective time management.
You will have 75 minutes per essay in the new syllabus. There’s a lot to accomplish in that time, so it will be crucial to fulfll all your responsibilities in the given timeframe.
When writing an introduction or a descriptive essay, it’s easy to waste time (i.e., with vague or lengthy sentences) earning no marks. This IB Economics Paper 1 Sample Essays gave me inspiration for Paper 1.
30 minutes – Part A
Brief introduction paragraph
Provide the following information in a brief introduction paragraph:
- If you can, begin with a sentence explaining Part of the question.
- Consider the question’s keywords. You might use the keyword you used at the beginning of your essay.
- Briefly describe a relevant real-life example. Do not exceed two sentences. Throughout your essay, reference this example.
Draw and explain a diagram
- Explain the diagram. Then elaborate on it.
- Diagrammatically explain WHY the price of ice cream has increased; for example, greater demand causes it to be more expensive.
- Make sure your insight explanation is correct. The highest marks for Part often lie in making sense of the theory for the reader.
- Don’t forget to include a diagram and your example, and show your graph to explain how your model performed.
45 minutes – Part B
Even if you do not use ‘consider,’ you’re continually asked to evaluate part B.
Part B helps you stay focused on your claim and counterclaim structure when you write. It’s like a Knowledge Question.
Structure of Part B
Here’s the structure of the Part B Economics Essay Questions.
- You should include the following in your Introduction:
- You may refer to the definitions you provided in Part A. Refer to these with lines like,
- Sketch a diagram
- Part A may not be able to demonstrate those concepts you need for Part B, in which case you may omit the third diagram altogether.
- Link your case to the theory. You answer the case using course theory and a particular example shown in the diagram above (or in Part A). You are utilizing your model to answer the question of the case.
- Give your response to the counterclaim.
- Link back to the original when answering the question. Thus, if the supply increases, it is likely that the equilibrium price will decline as well.
- Describe another aspect of the theory. “The policy will also enable more consumers to access vaccines since the market clearing price will drop.”
- Defend this claim with a counterclaim. For suggestions, consult CLASP. Essentially, “This policy may allow people to access vaccines more easily, but many may not consume them because of other reasons.”
- In conclusion, link back to the original question and make sure you answer it with what you learned.
- The same approach you used in Explorations 1 and 2 applies here.
- The theory also shows something else.
- The counterclaim should be critiqued.
- In conclusion, link back to the question so you can use the insights to answer the question.
In your conclusion, you should summarize the insights of the different decisions throughout the body paragraphs. Answer the question at the end as well. Do not plagiarize, and you need to demonstrate an understanding of the challenges facing policy decisions and economic theories. Economics is not an easy subject to handle. No surprise therefore that many students flock to A Level Economics Tuition Singapore. Many practices are provided to help students master writing economics essays.