How to write a good ib econ commentary

Obviously you will want to fully label your X and Y axis. Like price ceilings AND subsidies?

Ib economics stakeholders

I am writing three IAs tonight. Six market giants are complaining that this will make the profits fall and could lead to blackouts. Really good and inspirational information on your site! However, in the electricity market consumers sign fixed-term contracts with suppliers. Effects on different stakeholders 3. I'm taking an online economics HL course and it becomes quite difficult at times to find assistance. As it consists of six large firms, they are interdependent: firms have to consider actions and reactions of their competitors. Show as much as you can in your diagrams. No part of this piece of work may be copied, reproduced or used without prior permission from the IB Economist and providing a link to the original source. Producers receive the signal to increase their prices and they do. Consider: 1. After a firm notices that competitors have increased prices and consumers did not migrate, it starts to charge more as well. Secondly, consumers would be protected from oligopolies exploiting their power and putting up the prices.

It suggests that if a firm increases the price, competitors will not follow and that firm will lose revenue as consumers will migrate to another supplier. So plain, simple but so effective.

ib economics deed

Thirdly, the market would be allocatively efficient. If you do define some words which is still advisabledo so only after you've used them in a sentence.

Secondly, consumers would be protected from oligopolies exploiting their power and putting up the prices.

Ib economics commentary mark scheme

If one is mentioned in the case it must be that one that you evaluate. Also, you need to submit an electronic copy of the commentary and the article, for ISB records. They have been extremely helpful for me, I was just about to panic and give up on my IA and now I am actually really proud of it. They are easy to follow and digest. How is this going to affect the price of that good use elasticities, etc. Consider: 1. Finally, there are rather high barriers to entry. It means that resources are allocated in the way that quantity of good produced is the quantity preferred by the customers. Luckily in this case you get to edit your own writing as many times as you want before you hand it in. I find it absolutely incredible that you take the time to answer students and write your posts. Your site gave my extended essay a plan on how to go about it and made the journey simpler.

It is such a great help to have word counts of different sections and a detailed description on how to score high marks. Go deeper in your explanation.

You're a life saver!. Keep up the good work, and thank you once again.

Ib economics ia articles 2018

If not, label them Q1, Q2, P1, P2, etc. Products in an oligopoly are normally however, not in electricity market differentiated. Greetings from PERU! As it consists of six large firms, they are interdependent: firms have to consider actions and reactions of their competitors. So plain, simple but so effective. People facing difficulties changing the producer are more likely to pay the extra cost. Short term versus long term implications 2. Another reason for rising prices could be the decision of the Big Six to informally collude. Step 4: The conclusion Briefly conclude by stating what's going to happen and maybe speculate more on the future, say what you might happen to counter this, etc, etc. In this case, firms are increasing charges in order to keep abnormal profit maximum. Can you predict what will happen in the future based on what happened in this article? Tadaa, you now have yourself an economics news commentary If anyone wants to add to this, feel free to post below and i'll add it in Thanks to: Julia32, Summer Glau, Eastcoast93 and nuka for contributing via the comments Edited.

They have been extremely helpful for me, I was just about to panic and give up on my IA and now I am actually really proud of it. My son was very grateful. Products in an oligopoly are normally however, not in electricity market differentiated.

How to write a good ib econ commentary

Include in your diagram as much information as you can. But now I want you to take it a step further. You're just making sure that you have fully explained the theory and how the theory relates to the case. I am writing three IAs tonight. If after the maximum price is introduced the production costs keep increasing, eventually abnormal profits might disappear at all. If you do define some words which is still advisable , do so only after you've used them in a sentence. As it consists of six large firms, they are interdependent: firms have to consider actions and reactions of their competitors. If not, label them Q1, Q2, P1, P2, etc. A big thank you from Dallas, TX. The article states that prices in the UK for electricity have been rising the quickest in Europe. Keep up the great work!

Tadaa, you now have yourself an economics news commentary If anyone wants to add to this, feel free to post below and i'll add it in Thanks to: Julia32, Summer Glau, Eastcoast93 and nuka for contributing via the comments Edited.

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How to Structure an Economics IA