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How to get a 7 in IB Economics
You have to make a solid knowledge base and develop analytical skills to achieve a perfect 7 in IB Economics. Here are the few tips that help to push your abilities:
Think outside the box to get a 7 in IB Economics
Do not worry about achieving 7 in IB Economics is a challenging task. All you have to focus on each chapter of Microeconomics and Macroeconomics. You have to stick in your mind that practicing makes you perfect. In IB Economics, you need to find your techniques to solve the solution effectively.
Get in-depth knowledge of different policies with their pros and cons. Also, you have to keep boosting your memory to learn definitions and illustrate graphs quickly. Make sure not to mess up your mind and think according to the economic situation.
Show off your writing skills
An academic writing demonstrates that students fully grasp the concept and know everything in it. You have to represent the best way to show the examiner’s why this article or answer is different from others. You have to encourage yourself to enhance critical thinking and develop unique writing skills.
Firstly, you have to improve your thinking ability that helps in making a disciplined approach. Secondly, it is essential to take all written assignments seriously. As a reason for that, the IB organization wants a plagiarism-free and purposeful piece of writing. Hence, it must show originality as well as creativity.
Focus on essential topics in IB Economics HL and SL
IB Economics these are four major concepts that impact every mark in your exam:
- Scarcity: Students have to understand that how absence affects the market’s economic conditions. Furthermore, how people make decisions and provide the most efficient way to fulfill their needs.
- Supply and demand: In this, you have to learn how the production cycle works. Also, when the need for the product increases, the supply increases, and the price decreases.
- Costs and benefits: The concept is directly related to the costing benefits of the people. Students can perform an analysis on cost-benefits to understand the advertising activities of humans.
- Incentives: Students have to explain the responsibility of people that offer incentives to produce more goods. An organization achieves their goals if the company encourage their employees according to performance.
So, in-depth knowledge is needed to acquire a good result.
Draft a well-built IA to get a 7 in IB Economics
You have to know what’s going on in the financial world. Current affairs and economic perception is required to fabricate a vital IA. So, write a 750-word article that includes an analysis of data, evidence, and interferences. It would be best if you had an in-depth analysis of each event combined with ideas, terminology, and insights.
Write a flawless IA with these tips.
- Keep your introduction short, or it should only be one paragraph of about 150 words.
- Appropriately explain the process behind your diagram and also label all necessary details.
- Try to provide linkages between the events and their causes. Show all the stuff that helps the examiner to understand easily.
- At last, provide a logical solution that one can implement. Also, show all the pros and cons related to your answer.
Don’t leave any single diagram
If you practice each diagram with proper illustration, you adequately demonstrate them with relevancy and accuracy. Students must understand that a chart has a title, is fully labeled, exact figures, draw clearly, and illustrate extensions.
Learn how to write step-by-step explanations. And also, expressly state all the prices and quantities in your graph. The best way to remember diagrams is to connect them with real-life examples. So, make concise diagrams that your examiner quickly understands.
Be attentive on ten marks questions
Firstly, start with defining vital economic terms. Secondly, explain the economic theory that is relevant to your question. Also, include a real-life example to achieve ‘A’ in this question. Make sure to incorporate specific examples. Moreover, draw a diagram and briefly explain every minute detail in it. Explain all the assumptions with head points. This question is very crucial as well as fabricated in a way to test your economic theory. So, adopt strategies that maximize your financial knowledge. Apart from this, answer this question with relevant concepts.
Practice 15 marks questions
You must manage your time wisely to answer this question. Do past papers to acknowledge how to respond in a better way. Write the answer in a way that shows a balance between each section with proper explanation. On top of this, understand all the concepts behind the question so that you can answer according to the examiner’s requirement.
Some points you have to remember:
- Define key terms
- Show different viewpoints to support your answer.
- Use your knowledge
- Give all advantages, disadvantages, and consequences of the problem.
- Provide ways to solve issues
- Use quotes
Get your evaluations stronger
You have to remember to analyze the concept before the assessment. It is the best way to tell your examiner how you judge any judgment, where your examiner has to focus on your response.
So, provide both positive or opposing points of the argument using real-life examples. Show all short-run and long-run considerations to make your statement influential. If you make your evaluation more substantial, put as many assumptions as possible and define them correctly.
Tell how the weigh-ups make an impact on key stakeholders. This is an important point that you have to put down in your argument. So, make sure you evaluate your whole idea with proper judgment.
Be aware of what is in the headline?
To analyze economic situations, read and watch the news articles. To become a better Economist, get to involve yourself in all the activities that increase your knowledge. So, current affairs help in the daily analysis and creating an exciting evaluation. Always stay updated and prepare yourself for final exams.
Compel flashcards
It is an effective way to remember the IB Economics concept. It helps in understanding the acronyms of some ideas. Making flashcards helps memorize complicated terms effortlessly. It is a good revision technique that is essential for students to interlink different terminology with proper understanding.
Please pay attention to mock exams
It is essential to take all the mock exams seriously. This is helpful to remove your stress as well as you know the exam criteria. It saves your time and helps in understanding the examiner’s needs.
Mock exams accelerate your learning as well as helpful in final exam preparation. You can easily predict what is come in the examination. So, don’t pressurize yourself and study effectively to take your IB Economics exam.
Your time flies! Grab it!
Set your long-term term goals. Don’t spend too much time on low mark questions. The IB student has to manage their time wisely. As a reason for that, the workload of the IB curriculum makes them insane. So, make short-term and long-term goals to achieve it.
The more you are disciplined, the quicker you get a 7 in IB Economics. It is the most efficient way to get a good result. Any work needs planning to make it successful. So, fabricate an effective study plan and achieve your goals.
Thank you for giving your precious time to reading this article. We hope you overcome all the fear and get a perfect 7 in IB Economics.
