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Internal Assessment

Internal Assessment. How to write a good one?. What is an IA?. An internal Assessment in Economics is a written commentary based on an economics article that you have chosen. The article you choose should allow you to explain and analyze economic events.

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Internal Assessment

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  1. Internal Assessment How to write a good one?

  2. What is an IA? An internal Assessment in Economics is a written commentary based on an economics article that you have chosen. The article you choose should allow you to explain and analyze economic events. • For Economics SL, your IA represents 25% of your total IB score. • For Economics HL, your IA represents 20% of your total IB score.

  3. What to do? Pick an article that will allow you to use what we have learned in class. • For your first IA, you mostly need to find an article that will allow you to use the concepts of supply/demand, elasticity, and market failure. • In your internet search, it would be useful to search for the price of a commodity. • price of coffee, price of oil, price of cocoa, etc.

  4. Where can I find an article? • You may use proquest: • Account name: 0XBSH869Q • Password: xxxxxxxx • You might browse the economist, or business today in the school’s library. • You could buy the Ahram Weekly (on Thursdays), there is a section on the Economy. • If you are unsure, you could show me the article you like and I will let you know if it is appropriate. Your article has to be recent. 6 months is the maximum allowed range! Ask Ms. Sahar

  5. Then What? Once you have picked an article, you need to analyse it. If your article is about a change in the price of a commodity, ask yourself: • Why did the price change? • Can I use a supply and demand diagram to explain what happened? • By how much did quantity change? • Who was affected by price change?

  6. Your IA Write an economics commentary of 650-750 words, where you explain and analyse what happened in the article you have picked. In your commentary, you should: • Define economic terms • Explain economic theory • Use and explain graphs • Evaluate • Can you detect contradictions/limitations between economic theory and the real world problem at hand. • Are there winners and losers • Is there any bias in the way the article was written • Can you predict what will happen in the future based on what happened in this article?

  7. Assessment There are 5 IB Criteria on which your commentary will be assessed: • A: word limit+ IAs cover more than 3 sections of syllabus. [2 marks] • B: 4 different sources + appropriate use of diagrams. [4 marks] • C: Economic terms are used and are defined correctly. [5 marks] • D: Theory explained and applied [5 marks] • E: Evaluation [4 marks]

  8. Format • Title Page • Article • If the article is long, you need to highlight the sections you use • Commentary • Number your pages and write your name as a header on the top RHS of each page

  9. Title Page Economics Commentary Number: HL number 1 Title of extract: Gasoline Demand Accelerates As Katerina Price Surge Wanes Source of Extract: The Wall Street Journal Date of extract: 5/ 11 / 2005 Word count: 735 Date the commentary was written: day/month/year Section of the syllabus to which the commentary relates: Section 2.1, 2.2, 2.4 Candidate Name: Dina Taher Candidate Number: 0654-000

  10. Help!! • I cannot choose an article for you, but for your first IA, you could show me the article and I will tell you whether it is appropriate or not. • You will get feedback on the first version and will be allowed to make changes once. • The second version you submit will be your final version. • Your IB Score will be based on this version.

  11. Good Luck!

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