How to write an economics essay
Examinations in economics require efficient time management.
You will have 75 minutes per try in the new program. There is a lot to accomplish during this time, so it will be crucial to fulfill all of your responsibilities within the allotted time frame.
When writing an introduction or descriptive essay, it is easy to waste time (i.e., with vague or long sentences) by not gaining any marks. This IB Economics Paper 1 Examples of tests inspired me for paper 1.
30 minutes – Part A
Short introductory paragraph
Provide the following information in a brief introductory paragraph:
- If you can, start with a sentence that explains part of the question.
- Consider the keywords of the question. You can use the keyword you used at the start of your essay.
- Briefly describe a relevant concrete example. Do not exceed two sentences. Reference this example throughout your essay.
Draw and explain a diagram
- Explain the diagram. Then expand it.
- Explain schematically WHY the price of ice cream has increased; for example, greater demand makes it more expensive.
- Make sure your insight explanation is correct. The highest marks for the part often lie in the reader’s understanding of the theory.
- Remember to include a diagram and your example, and show your graph to explain your model’s performance.
45 minutes – Part B
Even if you don’t use “consider”, you are continually prompted to rate Part B.
Part B helps you stay focused on the structure of your claim and counterclaim when you write. It’s like a matter of knowledge.
Structure of Part B
Here is the structure of the writing questions for Part B in Economics.
- You should include the following in your introduction:
- You can refer to the definitions you provided in part A. Refer to these with lines like,
- Sketch a diagram
- Part A may not be able to demonstrate the concepts you need for Part B, in which case you can omit the third diagram entirely.
- Relate your case to theory. You respond to the case using the theory of the course and a particular example shown in the diagram above (or in Part A). You use your model to answer the question of the case.
- Provide your response to the counterclaim.
- Link to the original when answering the question. Thus, if the supply increases, it is likely that the equilibrium price will also decrease.
- Describe another aspect of the theory. “The policy will also allow more consumers to access vaccines as the market clearing price will drop. “
- Defend this claim with a counterclaim. For suggestions, see CLASP. Essentially, “this policy may make it easier for people to access vaccines, but many may not consume them for other reasons. “
- In conclusion, go back to the original question and make sure to answer it with what you have learned.
- The same approach you used in explorations 1 and 2 applies here.
- The theory also shows something else.
- The counterclaim must be criticized.
- In conclusion, link to the question so that you can use the information to answer the question.
In your conclusion, you should summarize the ideas of the different decisions throughout the body paragraphs. Also answer the question at the end. Don’t plagiarize and you must demonstrate an understanding of the challenges facing political decisions and economic theories. The economy is not an easy subject to manage. No wonder, then, that many students flock to A Level Economics Tuition Singapore. Many practices are provided to help students master economics essay writing.