The IB Economics Internal Assessment (IA) is your opportunity to apply economic theory to real-world situations through analysis of current economic issues. This comprehensive guide will help you understand the word count requirements, structure your commentaries effectively, and develop strong analytical skills.
Your Economics IA consists of three commentaries, each up to 750 words, totaling a maximum of 2,250 words. Each commentary should analyze a different area of the syllabus: microeconomics, macroeconomics, and either international economics or development economics.
Each commentary follows a structured approach that demonstrates your ability to apply economic theory to real-world scenarios through current news articles.
Choose recent articles (within one year) from credible sources that clearly relate to economic concepts. Provide a brief summary that identifies the key economic issue without simply restating the article. Focus on the economic problem or situation that will be analyzed.
This is the core of your commentary. Apply relevant economic theory using:
Critically evaluate the economic situation by considering:
Focus on market structures, price mechanisms, market failures, government intervention, or consumer and producer behavior. Use supply and demand analysis, elasticity concepts, and welfare economics where appropriate.
Analyze economic growth, inflation, unemployment, fiscal policy, monetary policy, or business cycles. Incorporate aggregate demand and supply analysis, multiplier effects, and policy evaluation.
Examine trade policies, exchange rates, economic development strategies, inequality, or globalization effects. Apply trade theory, development indicators, and policy analysis frameworks.
CiteCount is essential for managing word limits across your three commentaries. Our tool excludes citations and references, helping you focus on analytical content while ensuring each commentary stays within the 750-word limit.
Check each commentary individually to maintain balanced analysis across all three areas of economics.
Remember to exclude the following from your word count:
Utilize CiteCount for precise word counting that automatically excludes citations and references, ensuring your focus remains on quality economic analysis within the word limits.
Best of luck with your Economics IA!
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