Model 15-Markers

Unlock your potential with these IB economics model answers, designed to provide a deeper understanding of key topics and real-world examples. 

By studying these model answers, you’ll gain a solid foundation in economic concepts, learn how to structure your essays effectively, and develop critical analysis skills. As you explore the real-world examples provided, you’ll also gain an appreciation for the complexities and nuances of economic policies and their impacts on various societies. 

Our goal is to empower you with the knowledge and confidence needed to succeed in your IB economics journey, ensuring that you’re well-equipped to tackle any question or challenge that comes your way. 

Click on the questions below to see a model essay!

Microeconomics

Using real-world examples, discuss the consequences of a price ceiling on stakeholders

Using real-world examples, evaluate different approaches to managing common access resources

Using real-world examples, evaluate the policies a government might adopt to respond to a market situation in which significant asymmetric information exists

Using real-world examples, evaluate the effects for stakeholders of a government imposing an indirect tax on a particular good

With the use of real-world examples, evaluate the impact of price controls on consumers and producers

Using real-world examples, evaluate the view that government regulation is the most effective way to deal with negative externalities of consumption

Using real-world examples, evaluate the view that governments should always try to prevent the creation of barriers to entry in a market.

Using real-world examples, evaluate the impact of large firms having significant market power. 

Macroeconomics

Using real-world examples evaluate the claim that according to the Keynesian and monetarist models a decrease in AD will always be deflationary.

Using real-world examples evaluate the view that economic growth will always lead to an improvement in living standards

Using real-world examples, evaluate the effectiveness of monetary policy to achieve low unemployment

Using real world examples, discuss the effectiveness of demand side policies in achieving a target rate of inflation.

Using real-world examples, evaluate the claim that effective supply side policy is able to improve the tradeoff between inflation and unemployment.

Global Economy

Using real-world examples, discuss the possible implications of a persistent current account deficit

Using real-world examples, discuss the consequences of a fall in a country’s exchange rate