Introduce a counter-argument. Here is your checklist of evaluation criteria (you must use these explicitly):
An "explain" question focused on theory and analysis. You should aim to spend approximately 20–25 minutes here. ib economics macroeconomics paper 1
– Lower interest rates tend to depreciate the domestic currency (due to reduced hot money inflows), making exports cheaper and imports more expensive, thus improving net exports. Introduce a counter-argument
: A "discuss" or "evaluate" question. You must use real-world examples to support your argument. Common Macroeconomics Topics Questions often focus on the following core areas: IB Economics - Paper 1 Tips & Guidance (HL & SL) – Lower interest rates tend to depreciate the
The IB Economics Macroeconomics Paper 1 is a 1.5-hour exam that consists of three sections:
Expansionary fiscal policy involves increasing government spending (G) and/or decreasing taxes (T) to raise aggregate demand. It is used to close a deflationary (recessionary) gap and reduce cyclical unemployment. Price stability refers to low, stable inflation (typically 2% per year). This evaluation will consider short-run demand-side effects and long-run supply-side consequences, using theoretical frameworks and real-world evidence.
Part (b) is where you move beyond theory to show "how economics works in the wild." Answering the Paper 1 Essays (DP IB Economics: HL)