MAY13 IB SL Economics Exam Discussion

[Tahsim Ahmed]

Hey there,

24 hours definitely passed for paper 1, and I will just wait, but Paper 1 was just pure hell.

Agree? I answered 1 and 3. I would have answered 2 cause it was dead easy, but I was not really confident with market failure, just yet.

[Yahooo!]

It was a nightmare. Micro was good, but Macro was pure hell.

[vaido]

Micro part about the price control was good, however i also find the macro part really hard

[Tahsim Ahmed]

i answered the elastcity one, shudlve done market failure, and i answered the infltaion one, shudlve answered th other one. And how about paper 2? that was sooooo easy

[jlacks]

I did 2 and 4 on Paper 1. I thought the market failure one was pretty easy

On Paper 2 I did 1 (currency appreciation) and 4 (investment and development). I thought #1 was a little hard but overall the questions were pretty straightforward; there wasn't anything too difficult, I don't think..

Edited May 5, 2013 by ascruff

[Phua Zhi Qi]

does anybody remember what was question 3 on paper 1? i think i have a memory loss...

i picked 1 and 3 on SL paper 1 too! TZ2

[arigiz]

Paper 1 #3 was about disinflation and inflation I think. I did 2 and 4 on Paper 1. I felt pretty confident about 2 but I think I could have done a bit better on 4. Paper 2 was pretty easy though; I did 1 and 4.

[mardissino]

Hey on paper 2, question 4, evaluation: evaluate the impact of china and America's investment in Cambodia - how did you all approach your evaluation? Did you evaluate the impact of investment in general or make the distinction between china's and the USA's? Since China's was very capital intensive and unsustainable whereas the USA's focused on development and education?

[Leila95]

I think that P1 was really bad, questions were so vague, especially when they asked what are difficulties in measuring unemployment. That is not something you can write a lot about. I chose Q 1 and 3 on P1 and 1 and 4 on P2. Dev. Economics was so easy, and P2 in general.

And in reply to Mardissino: I generally evaluated how investment can be good to improve development and growth as long as appropriate technology and means were used. I didnt concentrate on USA and China in particular.

[YNWA]

Can please anyone tell me what the the topics were for paper 1 sl for economics?

I could really use it for my end of year's exams of grade 11, it would help me so much, please...

Edited June 9, 2013 by YNWA

[Pentagon]

"I think that P1 was really bad, questions were so vague, especially when they asked what are difficulties in measuring unemployment."

Haha never knew this could actually show up on the exams. I always skipped parts like these and like uncertainties in measuring GDP etc. I guess I'll have to study everything now.

[Rafie Izwan]

You guys talking for exam paper TZ1 or TZ2?

[Rafie Izwan]

I am taking paper exam of TZ2 and scrolling down your comments, I think most of you doing TZ1 exam paper. Let me share with you what exactly I answered for paper 1 TZ1 it is quite easy for Micro, I able to answer no 1 talking about Price Mechanism.

1. a) Why does the price for accomodation shud be intervene by government under what policies?

- Price ceiling/ Price maximum

-reasoning including protecting the poors and etc

b)evaluate the price mechanism.

For macroeconomics i answered question no 3.

3. a) i forgot.

b) cost of unemployment

for Paper 2. I answer no2 and n03. both are easy.

overall i just aim to get at least grade 6.