! ! ! ! ! ! ! ! ! ! ! ! ! ! ! VICTORIA SHANGHAI ACADEMY ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! IB DP ECONOMICS Past Year Papers (Standard Level) M13/3/ECONO/SP1/ENG/TZ2/XX 22135112 ECONOMICS STANDARD LEVEL PAPER 1 Thursday 2 May 2013 (afternoon) 1 hour 30 minutes INSTRUCTIONS TO CANDIDATES Do not open this examination paper until instructed to do so. You are not permitted access to any calculator for this paper. Section A: answer one question. Section B: answer one question. Use fully labelled diagrams and references to examples where appropriate. The maximum mark for this examination paper is [50 marks]. 2213-5112 3 pages © International Baccalaureate Organization 2013 –2– M13/3/ECONO/SP1/ENG/TZ2/XX SECTION A Answer one question from this section. Microeconomics 1. (a) Explain why a government might impose a price ceiling on the market for [10 marks] (b) [15 marks] 2. (a) [10 marks] (b) [15 marks] 2213-5112 –3– M13/3/ECONO/SP1/ENG/TZ2/XX SECTION B Answer one question from this section. Macroeconomics 3. (a) [10 marks] (b) [15 marks] 4. (a) [10 marks] (b) this statement? 2213-5112 [15 marks] M13/3/ECONO/SP2/ENG/TZ0/XX 22135113 ECONOMICS STANDARD LEVEL PAPER 2 Friday 3 May 2013 (morning) 1 hour 30 minutes INSTRUCTIONS TO CANDIDATES Do not open this examination paper until instructed to do so. You are not permitted access to any calculator for this paper. Section A: answer one question. Section B: answer one question. Use fully labelled diagrams and references to the text/data where appropriate. The maximum mark for this examination paper is [40 marks]. 2213-5113 9 pages © International Baccalaureate Organization 2013 M13/3/ECONO/SP2/ENG/TZ0/XX –2– SECTION A Answer one question from this section. 1. Study the extract below and answer the questions that follow. Boom or bust appreciation interest rate [ (This question continues on the following page) 2213-5113 –3– M13/3/ECONO/SP2/ENG/TZ0/XX (Question 1 continued) appreciation (paragraph ) [2 marks] interest rate (paragraph ) [2 marks] (paragraph ) [4 marks] (paragraph ) [4 marks] [8 marks] 2213-5113 Turn over –4– 2. M13/3/ECONO/SP2/ENG/TZ0/XX Study the extract and data below and answer the questions that follow. Price of Chinese exports set to soar (This question continues on the following page) 2213-5113 M13/3/ECONO/SP2/ENG/TZ0/XX (Question 2 continued) China’s trade with the world 2006 2007 2008 2010 (estimated) 2009 – – (paragraph three ) [2 marks] [2 marks] [4 marks] [4 marks] [8 marks] 2213-5113 Turn over M13/3/ECONO/SP2/ENG/TZ0/XX SECTION B Answer one question from this section. 3. Study the extract below and answer the questions that follow. Urban farms to feed Cuban cities allocation of resources infrastructure (This question continues on the following page) 2213-5113 M13/3/ECONO/SP2/ENG/TZ0/XX (Question 3 continued) allocation of resources (paragraph ) [2 marks] infrastructure (paragraph (paragraph ) ) [2 marks] [4 marks] [4 marks] [8 marks] 2213-5113 Turn over M13/3/ECONO/SP2/ENG/TZ0/XX 4. Study the extract and data below and answer the questions that follow. Cambodia encouraged to review international partnerships investment Human Development Report 2010 Statistics for Cambodia Life expectancy at birth Expected years of schooling Mean years of schooling GNI per capita (Constant 2005 PPP US$) — — — HDI value — — — (This question continues on the following page) 2213-5113 M13/3/ECONO/SP2/ENG/TZ0/XX (Question 4 continued) investment two (paragraph (paragraph ) ) [2 marks] [2 marks] [4 marks] (see Table) [4 marks] [8 marks] 2213-5113