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Assessment
Unit 1-2.10: Microeconomics questions
This section of the Economics site contains 15 paper one style questions, written for the site and based on the IB Paper 1 assessment in Economics. Each question follows the format used in the IB Paper...
Assessment
Unit 2.11-2.12 questions
This section of the Economics site contains 9 paper one style questions, written for the site and based on the IB Paper 1 assessment in Economics. Each question follows the format used in the IB Paper...
eBook
Unit 2.7(1): Governments in markets - tax and subsidy
Governments play an important role in all economies. With average government spending in many countries over 40 per cent of GDP, you can see how influential governments are in the economies of different...
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eBook
Unit 2.5(2): Income elasticity of demand (YED)
Income elasticity of demand (YED) measures the relationship between changes in household incomes and changes in demand for different goods and services. YED is useful to different stakeholders in the...
Assessment
Mark scheme Q6 unit 3.5-3.6
This paper 1 style question is in two parts. The first requires candidates to explain ways that fiscal policy can be used to drive down inflationary pressure in the economy. This is best completed by...
Assessment
Mark scheme Q5 unit 3.2
This paper 1 style question is in two parts. The first requires candidates to explain two factors which may provide economic growth in an economy. This is best completed by dividing up potential factors...
Assessment
Mark scheme Q6 unit 2.11
In this paper 1 type question, part A focuses on perfect competition and the shape of the demand curve, understanding why it is perfectly elastic. Part B requires students to evaluate the argument that...
Assessment
Mark scheme Q4 unit 2.11
This question is a HL only question and the first part relies heavily on the diagrams that responses must include. Illustarting the output and price of both monopoly and perfectly competitive markets...
Assessment
Mark scheme Q2 unit 2.11
In this paper 1 type question, part A focuses on oligopolies and how firms in that market structure, burdened with sticky prices must instead use non price methods of competition. Part B requires students...
Assessment
Mark scheme Q8 microeconomics (unit 1)
This paper 1 style question contains section (a) and part (b) questions. Part A asks candidates to explain the internal and external benefits of a university education. This must be answered in terms...