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VB1

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VB1 last won the day on September 1

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    May 2021
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  1. I'm glad you asked! I find the videos by Jason Welker particularly helpful in understanding all the theory. Here's the link if you'd like: https://www.youtube.com/user/welkerjason As I've mentioned earlier, the application is equally important. When I said news articles, I meant reading/watching the news everyday. If you find any news articles that are based on the concepts you have just learnt, try understanding the article, its causes, consequences and more. Some great resources for these are: The Guardian: https://www.theguardian.com/international BBC News: https://www.bbc.co
  2. Hey! Here are a few tips for you: 1. Read, read and read.... whenever you find any news articles related to Economics, try making connections back to concepts you have already learnt: This will help you better understand and apply concepts particularly for Paper 2 2. For Paper 3, practice all quantitative questions from the Ellie Tragakes textbook "Economics for the IB Diploma" .... This is a GREAT book that will help you understand and answer nearly all types of paper 3 questions [REMEMBER: always show every step while doing Mathematical calculations] 3. For Paper 1, learn all
  3. Hi there! Based on what you've said, I assume you need to show demand-deficient recession representing cyclical unemployment. It is always suggested to use the AD/AS model wherever possible. For the purpose of understanding, I have listed down below the main types of unemployment and possible graphs you could draw: - Cyclical Unemployment: Caused by either Demand-Deficient Recession (where the AD curve shifts below full employment levels on AD/AS classical model) or Negative Supply Shock (Stagflation) (where SRAS curve shifts to the left; a decrease in output as well as an increase in pri
  4. Hey everyone! It's great to be part of a community with fellow IB experts! I'm relatively new to this platform so feel free to suggest any feedback or any tips to consider while contributing. I'm currently in year 12 (second year of IB). One of the subjects I have taken is Economics HL. The one thing I've noticed was how time consuming I along with a few friends of mine who took the same subject found in writing down definitions for every key term while answering paper 1 questions and considering the current situation of coronavirus, the importance of this in IAs. So, I've created a
  5. Hey everyone! It's great to be part of a community with fellow IB experts! I'm relatively new to this platform so feel free to suggest any feedback or any tips to consider while contributing. I'm currently in year 12 (second year of IB). One of the subjects I have taken is Economics HL. The one thing I've noticed was how time consuming I along with a few friends of mine who took the same subject found in writing down definitions for every key term while answering paper 1 questions and considering the current situation of coronavirus, the importance of this in IAs. So, I've created a
  6. Hey everyone! It's great to be part of a community with fellow IB experts! I'm relatively new to this platform so feel free to suggest any feedback or any tips to consider while contributing. I'm currently in year 12 (second year of IB). One of the subjects I have taken is Economics HL. The one thing I've noticed was how time consuming I along with a few friends of mine who took the same subject found in writing down definitions for every key term while answering paper 1 questions and considering the current situation of coronavirus, the importance of this in IAs. So, I've created a
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