Let’s face it. The IB economics paper 1 is not your ordinary exam paper. To get a mark other than 0 in your May 2022 evaluation, writing a real-life example is a mandatory criterion, whether at a standard level or higher level. Furthermore, if you don’t provide a real-life example, you will lose 15 points out of 25, which is a bad deal. So in this article today, we will discuss how to properly find a real-life example to keep your fears at bay.
We all search daily on search engines, no big deal, right? Wrong, that’s not actual research, especially if we are talking about IB. If you research economics paper 1, you will only get hours of browsing, stress, and frustration. Here’s how to properly do it.
No economic terms in the search query
Let’s understand with an example, if you search, decrease in real GDP because of cost-push inflation will give you loads of theoretical articles with boring terms, on the other hand, if you type in, increase in gas prices in nation “Z,” you will get detailed reports on specific case and statistics, how useful.
Specify and diversify
Specifying a nation or city in your search doesn’t seem like much, but it will help you narrow down your examples to make them better in the essay later. Also, expanding your examples by geographical area or market will widen your horizons and help you get to the end of the economic-question shore, no matter how high or low the waves get.
Search in English
This is essential. Every time you search, pretend that the search engine doesn’t understand any other language, So, especially when you are searching for an article linked to a foreign country, search in English. Searching in the global language will provide tons of articles, adding complete information and distinct perspectives to your collection.
Using Google News
If you want to get even more accurate information, we recommend using Google News, which works like a miracle, it can filter your search based on the topic, news agency, or publication date, plus it is also a great application to find articles for your IA, isn’t it fruitful?
Organizing & memorizing
Now that you know how to research better, it’s time to memorize and organize your data collection. Let’s face it, if you write straight from your memory, you will hardly write anything, and even if you do, it might look like 5th-grade poetry, which will not impress your IB examiner. So let’s be practical, it’s your IB economics paper one, and you must learn how to organize and memorize information. Let’s do it.
Structuring is essential
Here’s the reality, a structure in your IB Economics paper 1 is like a foundation for a building. A foundation requires to be strong for the building to stand. Your answer structure needs to be proper for obtaining those 15 marks, primarily if you are dedicated to logical thinking. For instance, organizing the example, the relevant topic, URL of articles & additional sources, and the main points & figures are included.
Update your examples regularly
This is the easy part. All you must do is note the class topics and find their relevant real-life examples at home. Then, dedicate at least 15-20 minutes for the purpose every weekend (but more time won’t do any harm), repeat it until the night before your day of destiny.
Like you memorize every scene by the second when you watch it multiple times, it will be easier to remember if your real-life examples are always in front of your eyes. Here post-its, flashcards, and active recall strategies all come into play.
Putting it all into practice
Now it’s all about how you put the example to support your point in the essay. You may need several examples in one, but remember, quality over quantity, your example should include the event or policy and all the other things that made it happen. So take a look at an example.
· From 1978 to 2015, china’s economy grew from 3 to 20% of the world’s actual GDP. Incomes increased by a factor of 8, but we can also observe negative impacts on equality. The top 10’s share went from 27 to 41%. Furthermore, CO2 emissions increased sevenfold, having impacted the environment.
Also do watch a ton of case studies available on Youtube.
See, so now you know how to properly find the best example(s) for your IB economics paper 1 to get the maximum out of 15 marks. So with that, we wish you all the best.
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