IB Economics (SL/HL): Diagrams, Real-world Examples & Paper 3
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IB Economics — Stop memorising theory. Start scoring.

Times Edu trains students to write the way the IB marks: define → diagram → explain mechanism → apply to the case → evaluate. Master the marking criteria with timed routines and a step-by-step IA portfolio plan.

Syllabus

4 Units (Micro, Macro, Global, Micro)

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Required for Paper 2 & 3

IA Portfolio

3 Commentaries (SL/HL)

Why IB Economics is Tough

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Imprecise Diagrams

Losing marks for missing labels, incorrect shifts, or failing to link the diagram to the text.

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Generic Evaluation

Writing “it depends” without prioritized reasoning, stakeholder analysis, or long-run implications.

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IA Stress

Struggling to find current articles or writing 3 commentaries that sound like textbook summaries.

Outcomes in 4–12 Weeks

We don’t just teach content; we teach exam performance. Here is what you can expect.

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Clean Diagram Discipline

Draw perfectly labelled diagrams from memory in under 60 seconds.

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Paper 1 Evaluation Mastery

Use our “CLASPP” framework to evaluate any policy instantly.

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Paper 2 Speed

Finish calculations and data response questions with time to spare.

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Manageable IA Plan

A clear timeline and article checklist to secure your internal 20%.

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Free 30’ Diagnostic Test

Not sure where you are losing marks? Take our diagnostic to get a breakdown by component and a personal score roadmap.

  • arrow_forward Identify mark-loss patterns
  • arrow_forward Component breakdown (Micro/Macro/Global)
  • arrow_forward Custom revision timeline

SL vs HL — What Changes?

Standard Level (SL)

150 Hours
  • radio_button_checkedPaper 1 (30%): Essay paper. Answer 1 out of 3 questions.
  • radio_button_checkedPaper 2 (40%): Data response. Answer 1 out of 2 questions.
  • radio_button_checkedIA Portfolio (30%): Three commentaries based on news articles.

Higher Level (HL)

240 Hours
  • radio_button_checkedPaper 1 (20%): Same structure as SL, but lower weighting.
  • radio_button_checkedPaper 2 (30%): Same structure as SL, but lower weighting.
  • radio_button_checkedPaper 3 (30%): Policy paper. Calculations + Policy recommendation.
  • radio_button_checkedIA Portfolio (20%): Same requirements, lower weighting.

Note: HL students cover extra topics like Theory of the Firm & Market Failure nuances.

Times Edu Strategy Playbook

We break down the syllabus into winning strategies for each component.

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Paper 1: Essay Strategy

“Score with structure”

Master the essay skeleton. Use our Evaluation Toolkit to generate arguments on the fly and plug in Real-world evidence.

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Paper 2: Data Response

“Extract → Apply → Conclude”

Data scan routines and chain-of-reasoning templates. Improve your calculator efficiency for quick marks.

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Paper 3 (HL): Policy

“Advise like a policymaker”

Learn the Policy Menu & Criteria. Write recommendations that hit the top band marks without waffling.

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IA Portfolio

“3 commentaries, 3 wins”

Article selection rules (critical!), commentary structure, and how to avoid repetition across your portfolio.

The Score-Improvement Loop

1

Concept & Diagram

Understand the theory and master the diagram drawing mechanics.

2

Paper Application

Apply theory to past paper questions (Paper 1, 2 or 3) immediately.

3

Feedback Cycle

Get graded feedback based on official markschemes.

4

Refine & Repeat

Target weak areas with specific drills until you score top marks.

Frequently Asked Questions

Do I need to take HL math for HL Economics?expand_more
No, AI SL or AA SL is sufficient. However, HL Economics Paper 3 requires comfort with basic calculations like elasticity, tax burdens, and marginal utility.
How often should I have lessons?expand_more
Most students attend once a week for 1.5 hours. During exam season or for IA intensives, we can increase frequency.
Can you help with my IA draft?expand_more
Yes. We provide detailed feedback on structure, diagram accuracy, and economic analysis, but we strictly adhere to IB academic honesty guidelines (we guide, we don’t write it for you).
What is the difference between Paper 1 and Paper 2?expand_more
Paper 1 is essay-based (choice of questions), testing your ability to construct arguments. Paper 2 is data response, requiring you to interpret texts/graphs and answer specific questions.
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