1
WHAT ARE RUBRIC REQUIREMENTS IN ECONOMICS IA?
Each article must be based on a different unit of the syllabus.
Students must use a different source for each commentary.
Students need to look for articles relating to current events and these
must be published no earlier than one year before writing the
commentary.
WHAT ARE 5 STRATEGIES FOR SELECTING AN EFFECTIVE
ARTICLE FOR YOUR ECONOMICS IA?
Choose reputable news sources, avoiding opinion pieces and
published economic papers. General news articles with accessible
language make applying and analyzing economic theories in the
commentary easier.
Opt for a shorter, focused article instead of a lengthy one. Long
articles often cover multiple topics, making it challenging to
concentrate on key concepts and apply relevant economic theories
within the 800-word limit. A concise piece that targets a specific
syllabus section and clearly connects with a key concept is ideal.
Look for articles that include quantitative data for analysis in the
commentary. This data enhances the application and adds depth to
the diagrams.
Use news aggregators to search for relevant topics. If a particular
article is too broad or needs more focus, other articles might be
present that cover the same real-world event in a more suitable
manner.
Feel free to explore news from countries other than yours, especially
for the macro section.
There’s an abundance of current events related to economics, and the
more time spent searching for the right article, the easier it becomes to
write the IA.
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MEETING THE CRITERIA: NAVIGATING THE IB ECONOMICS IA
RUBRIC REQUIREMENTS
See the syllabus for a breakdown of the descriptors for each criterion
Criterion Commentary Section
A Diagrams
B Terminology
C Application and analysis
D Key Concept
E Evaluation
F Total for each commentary
Total for the portfolio (3 IAs)
HOW TO INTERPRET THE ASSESSMENT CRITERIA AND GET A
FULL MARK?
Criterion A: Diagrams (3 marks)
Each Economic IA requires a minimum of 2 self-constructed, titled
diagrams with quantitative information tailored to match the IA’s specific
focus. Include fully labeled diagrams and explain them in the
commentary body, labeling and referencing intercepts and using
the diagrams with your analysis. These diagrams should include as
much quantitative data as possible. Be sure to acknowledge changes in
revenue, expenditure, welfare loss, and social surplus (HL only) wherever
possible.
Criterion B: Terminology (2 marks)
Use economic terminology throughout the IA, including key terms from
the syllabus. Avoid vague terms for relative change or comparisons
and be specific.
Criterion C: Application and Analysis
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Be sure to use the correct and appropriate economic theory to refer to
facts and ideas in the chosen article. Explain what is happening in
economic terms and explain the outcomes for the market and associated
stakeholders. Avoid writing generic commentaries that could apply to any
article. Plan and identify the economic concepts to address before writing
the IA, as part of the article selection process.
Students typically become familiar with the Analysis criterion through
practice sessions in class; however, it can prove challenging in IA writing
due to two main issues.
Over-analysis: Students often overanalyze an article by considering
every detail, which can become unnecessary, such as when selecting too
long of an essay with too much information or losing track while reading
and analyzing an event or document. Ensure your analysis focuses on
critical aspects, ultimately leading to your evaluation.
Lack of Conciseness. Many students believe that writing longer is
better. This is not true – use only what words you need to effectively
deliver your message, avoid literary or casual writing styles, and remove
unnecessary words by asking, “Will It Make A Difference If I Remove This
Word? If the answer is no, then remove said words altogether.
Analysis refers to your discussion on the effects of changes or problems
identified in your introduction paragraph: providing an economic
explanation for potential advantages and disadvantages related to your
topic. Analysis should support rather than replace evaluation.
Criterion D: Key Concept
Identify one of the 9 key concepts in your opening paragraph as an
underlying theme for your discussion. Ensure your statements support the
key concept and reiterate its connection to the article. Include a
statement in your evaluation in the context of the key concept.
Criterion E: Evaluation
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Consider these for evaluating your article:
How accurately does economic theory apply? / Advantages and
disadvantages of economic situation, decisions, and options / Merits and
demerits to stakeholders, cost-benefit analysis / Conditional extent of
government solution / Balanced presentation of both sides, alternative
solutions, future forecasts / Assumptions, short-term and long-term
consequences. / Prioritized solutions or ethical considerations Evaluate
with reasoning and evidence in your analysis, not just a concluding
summary or opinion.
Evaluation does not mean a summary of the previous analysis. The
evaluation should not be based solely on your opinion, but rather the
effects and possible solutions to the problem. Your evaluation should be
fair and based on evidence and reasoning.
Criterion F: Rubric Requirements
Ensure that each article is based on a different unit of the syllabus, is
taken from a different and appropriate source and was published no
earlier than one year before writing the commentary.
Beyond the Basics: Advanced Tips & Tricks
1️⃣
The word count isn’t just a number; it’s an art form. While it’s essential to
stay within the limits, it’s equally crucial to ensure every word packs a
punch. Here’s a pro tip: be concise but comprehensive. Avoid fluff and
filler words. Instead, focus on clarity and substance. And remember,
certain elements like diagrams and their labels don’t count towards the
word limit. Use this to your advantage!
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2️⃣
Feedback is like gold dust. It offers fresh perspectives, highlights areas of
improvement, and provides validation. Once you’ve drafted your IA, share
it with trusted individuals. This could be your teacher, a mentor, or even a
knowledgeable peer. But here’s the catch: be open to criticism. Use it as a
tool for refinement, not as a source of discouragement.
3️⃣
Economics is a dynamic field, with new developments occurring
frequently. While your IA focuses on a specific news article or event, it’s
beneficial to stay updated with recent economic trends and news. This
broader understanding can add depth to your analysis, allowing you to
draw parallels and offer richer insights.
4️⃣
Writing one IA is good, but writing multiple drafts is even better.
Practice by analyzing different articles, exploring various economic
scenarios, and experimenting with diverse evaluation techniques. Over
time, you’ll notice patterns, develop a unique style, and gain confidence in
your analytical abilities.
With these advanced strategies in your toolkit, you’re well-equipped to
tackle any challenge the IB Economics IA throws your way. But, as with
any challenge, there are potential pitfalls. Up next, we’ll shine a light on
common challenges faced by students and, more importantly, how to
overcome them with grace and confidence!
Common Challenges & Their Solutions
via GIPHY
As in every story, there should be some challenges, so I have to highlight
this in my article as well.
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The Blank Page Syndrome
We’ve all been there. Staring at a blank page, waiting for inspiration to
strike. It can be daunting, but fear not! The solution is simple: start
somewhere, anywhere. Jot down your initial thoughts, create a rough
outline, or even doodle a potential diagram. The key is to get the ball
rolling. Once you begin, the momentum will carry you forward.
Overwhelm by Overinformation
In the age of information, it’s easy to feel swamped. With countless
articles, theories, and data at your disposal, where do you begin? The trick
is to narrow your focus. Stick to the IB syllabus, choose a relevant article,
and filter out the noise. Remember, depth over breadth. Dive deep into
your chosen topic, rather than skimming the surface of multiple areas.
Striking the Balance in Evaluation
Evaluation is a dance between presenting a potential solution and
acknowledging its potential flaws. It’s easy to lean too heavily on one side.
To strike the right balance, list down your main points and counterpoints.
This visual representation will help you allocate appropriate weight to
each aspect, ensuring a well-rounded evaluation.
Staying Within Word Limits
It’s tempting to write at length, especially when you’re passionate about a
topic. But brevity is an art. If you find yourself overshooting the word limit,
take a step back. Review your work, trim the excess, and prioritize key
points. A concise, well-articulated IA often leaves a more lasting
impression than a lengthy one.
Having tackled common challenges head-on, you’re now better prepared
to face the IB Economics IA with resilience and determination. As we
approach the conclusion, let’s take a moment to reflect on our journey so
far and gear up for the final insights and takeaways that await!
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Conclusion
The IB Economics IA is more than just an assignment; it’s a testament to
your understanding, analytical skills, and ability to connect theoretical
knowledge with real-world scenarios. We’ve covered a lot of ground, from
understanding the core components of the IA to tackling common
challenges and leveraging advanced strategies.
The foundation of a stellar IA lies in choosing a relevant and
impactful article. It sets the tone for your entire analysis.
A well-organized IA not only impresses the examiner but also
ensures a coherent flow of ideas, making it easier for readers to
follow your train of thought.
Like with 4000 words Economics extended essay, it’s not about how
much you write, but the depth and quality of your analysis. Every word
should add value.
Never underestimate the power of feedback. It offers fresh perspectives,
highlights areas of improvement, even finds a lack of economic
terminology, who knows, and, of course, provides validation.
