
Are you in the process of writing your Economics IA and you’re not sure how to structure it? How many words to devote to specific parts to get the best grade? Clastify comes to the rescue! Based on our experience and thousands of revised essays, we would like to present a structure that works best for written assessment in Economics. Read this text to clear your doubts and increase your chance of scoring a 7!
When it comes to the structure, Economics IA consist of 3 separate commentaries of news articles, each based on a different unit of the syllabus: Microeconomics, Macroeconomics, and The global economy. There is no page limit, however each commentary cannot exceed 800 words.
You should start your commentary with an introduction under 100 words, as presented in this exemplar. The first paragraph should include a brief presentation of the situation described in the article. You should also identify the key concept to which it refers: scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence, or intervention.
Next, the analyzed situation should be illustrated with the use of diagrams. The diagrams are not included in the word count (if labeled properly), whereas their explanation should take up to 200 words. In this part, you should describe all elements of the diagram and refer to them while explaining the shifts of the curves. It is also important to determine their impact on the stakeholders. Considering the limited word count, we suggest using 2 diagrams. You can see this part well-executed in this work.
In the analysis of around 150 words, you should refer to the economic theory taught in the IB course to further explain the situation, as done in this IA. Do not ignore the additional factors presented in the article, if this case is not strictly per the theory, explain how the circumstances contribute to the economic turnout.
Evaluation is a crucial part of your work, therefore we suggest that you devote around 300 words to this section. After having presented the situation from the article you should propose a solution. In this part, you showcase your understanding of economic phenomena and the limitations of their countermeasures. For proper evaluation consider possible pros and cons, as presented in this exemplar, but you could also take into account the short and long-term effects of the proposed solution. End your commentary with a short conclusion, do not add any new information to this final paragraph.
Remember that the suggested word distribution between the sections is approximate. However, we advise you to stick to the proposed ratio as this structure is common within the high-scoring exemplars. It ensures devoting appropriate attention to each of the sections, which is important considering that the commentary cannot exceed 800 words. Here you can find a highly-scored Clastify exemplar with a similar structure.
Be careful, make sure to deduct the following because they are not included in the word count.:
Acknowledgments
Contents page
Diagrams
Labels — of five words or fewer
Headings on diagrams — of 10 words or fewer
Tables of statistical data
Equations, formulae and calculations
Citations (which, if used, must be in the body of the commentary)
References (which, if used, must be in the footnotes/endnotes)
For more tips regarding IAs from Economics and other subjects check out the remaining publications on the Clastify blog. Also, do not forget about the exemplars available on our website. Good luck with your written assessments!