IA ECONOMICS
A Guideline
REQUIREMENTS OF ECONOMICS
IA
IB STUDENTS ARE REQUIRED TO
PRODUCE THREE WRITTEN
COMMENTARIES BASED ON THE
DIFFERENT UNITS OF THE SYLLABUS:
MICROECONOMICS,
MACROECONOMICS, AND THE GLOBAL
ECONOMY.
EACH WRITTEN COMMENTARY MUST USE
A DIFFERENT KEY CONCEPT (SEE NEXT
SLIDE). YOU WILL NEED TO EXPLAIN THE
LINK BETWEEN THE CONTENT OF THE
ARTICLE AND THE KEY CONCEPT.
THE MAXIMUM WORD LIMIT FOR EACH
COMMENTARY IS 800 WORDS.
ONLY USE AN ARTICLE FROM A RELIABLE
NEWS SOURCE.
KEY CONCEPTS
CHANGE
CHOICE
ECONOMIC WELLBEING
EFFICIENCY
EQUITY
INTERDEPENDENCE
INTERVENTION
SCARCITY
SUSTAINABILITY
IA PORTFOLIO (SL/ HL)
CRITERION
COMPONENT
MAXIMUM
MARKS
REQUIREMENTS
A
DIAGRAMS
3
Relevant, accurate and correctly labelled
diagram(s) are included, with a full explanation.
B
TERMINOLOGY
2
Economic terminology relevant to the article is
used appropriately throughout the commentary.
C
APPLICATION and ANALYSIS
3
Relevant economic theory is applied to the
article throughout the commentary with
effective economic analysis.
D
KEY CONCEPT
3
A key concept is identified and the link to the
article is fully explained.
E
EVALUATION
3
Judgments are made that are supported by
effective and balanced reasoning.
TOTAL MARKS FOR EACH COMMENTARY
14
IA PORTFOLIO (SL/ HL)
CRITERION
COMPONENT
MAXIMUM MARKS
REQUIREMENTS
F
RUBRIC REQUIREMENTS
3
• Each article is based
on a different unit of
the syllabus.
• Each article is taken
from a different and
appropriate source.
• Each article was
published no earlier
than one year before
the writing of the
commentary.
This criterion assesses the extent to which the student meets the rubric requirements for the
complete portfolio. The total marks for the internal assessment is (14 x 3) + 3 = 45 marks.