Assessment
Sample 1
Student answer (a) (i) Define the term aggregate demand indicated in bold (Text A, paragraph 4). [2] Aggregate demand is total spending on the economy by household, firms, government and the foreign sectors....
Assessment
Sample 2
(a) (i) Define the term aggregate demand indicated in bold (Text A, paragraph 4). [2] Aggregate demand is total demand in the whole economy from firms and households. Mark awarded 1 This definition needed...
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Assessment
Sample 3
This is the third sample for this question, on macroeconomics. The question and mark scheme were written by myself for the new syllabus. (a) Explain the difference between demand-deficient (cyclical)...
Assessment
Sample 2
This is the second sample for this question, on macroeconomics. This question and markscheme were written by myself for the new syllabus. (a) Explain the difference between demand-deficient (cyclical)...
Assessment
Sample 1
1. (a) Illustrate using a suitable diagram how a period of recession can increase levels of poverty in the economy. [10 marks] Poverty is a state in which an individual or community lacks the financial...
Assessment
Sample 1
This is the first sample for this question, on macroeconomics. The question and mark scheme were written by myself based on the new syllabus. (a) Explain the difference between demand-deficient (cyclical)...
Assessment
Sample 2
(a) Explain two consequences of a central bank decreasing interest rates. [10] Student answer An interest rate is the cost of borrowing. It is controlled by the central bank in an economy that sets the...
Assessment
Sample 3
(a) Explain two consequences of a central bank decreasing interest rates. [10] Student answer An interest rate is the price of money. It is the cost of borrowing money from a bank and it is money a saver...
Assessment
Exemplar IA: Sample 1a Free
The following page provides you with a sample IA, graded under the new criteria and was part of the sample provided to workshop leaders, during the recent IB workshop training. Sample number 1a - microeconomics...
Assessment
Sample 1
(a) Explain two consequences of a central bank decreasing interest rates. [10] Student answer The central bank of a country oversees the country’s financial system. It regulates the banking sector and...