Click here to explore thousands of marked IA, EE and TOK exemplars!
Economics IA Criteria and Checklist
By Julia
•
January 18, 2024
Economics IA Criteria and Checklist
The most important aspect of wiriting your IA is following the assessment criteria. Before beginning your essay make sure that you know what is expected from your written report. Clastify is here to help! See our suggestions on how to write a perfect Economics IA.
Internal assessment is an integral part of the economics course, contributing 30% to the final assessment in the SL course and 20% to the final assessment in the HL course. The maximum for the portfolio is 45 marks: 14 marks x 3 commentaries + 3 marks (last criterion for the whole portfolio) = 42 + 3 marks.
Criterion A: Diagrams - 3 points
Each commentary must include diagrams that illustrate the situation from the article. We recommend creating 2 diagrams per commentary. You must explain what is happening, for instance how and why the curves shift and how this movement influences the levels of prices, production etc. Label your diagrams properly to facilitate directly referring to their parts.
For a maximum of 3 points:
Relevant, accurate and correctly labelled diagram(s) are included, with a full explanation.
Check out this IA with good diagrams.
Criterion B: Terminology - 2 points
The purpose of your internal assessment is to showcase your knowledge and understanding of economics. Therefore you must use specific terminology and provide appropriate definitions in your whole report.
For a maximum of 2 points:
Economic terminology relevant to the article is used appropriately throughout the commentary.
See the application of economic terminology here.
Criterion C: Application and analysis - 3 points
This criterion assesses the extent to which the student recognizes, understands, applies, and analyses economic theory in the context of the article. You must think of the implications of the analysed situation, determine what is the impact on different stakeholders and propose countermeasures to resolve the issue.
For a maximum of 3 points:
Relevant economic theory is applied to the article throughout the commentary with effective economic analysis.
You can refer to this analysis.
Criterion D: Key concept - 3 points
Each commentary must be linked to one of the key concepts: scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence, or intervention. Refer to these concepts throughout the whole commentary - starting from stating them in the introduction to for instance assessing the impact of different economic measures on the chosen concept.
For a maximum of 3 points:
A key concept is identified and the link to the article is fully explained.
Check this to get a glimpse of the matter.
Check out our free Economics IA exemplars
View all exemplars on Clastify
Criterion E: Evaluation - 3 points
You are expected to evaluate the different implications of the analysed situation and their possible solutions. The judgments must be supported by reasoned argument. Compare, contrast, and present arguments and counterarguments to demonstrate your reasoning.
For a maximum of 3 points:
Judgments are made that are supported by effective and balanced reasoning.
This evaluation is worth looking at.
Criterion F: Rubric requirements - 3 points:
For a maximum of 3 points, three rubric requirements are met:
Each article is based on a different unit of the syllabus (Microeconomics, Macroeconomics, Global Economy)
Each article is taken from a different and appropriate source.
Each article was published no earlier than one year before the writing of the commentary
The first step is already behind you - you know the evaluation criteria! If you would like to find out to what extent your work meets them, use our Review service. It's 100% safe and you will receive professional feedback from our experienced moderators.
Useful Pages
Company
Copyright © 2025 Clastify
All content on this website has been developed independently from and is not endorsed by the International Baccalaureate Organization. International Baccalaureate and IB are registered trademarks owned by the International Baccalaureate Organization.