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IB Economics internal Assessment needs students to apply economic concepts and theories to real-world issues. This explains the need to pick a recent and relevant news article that covers an event. While CLASPP is a recognized acronym in IB Economics IA, some students are not well-versed in using this technique. Here is a breakdown of what it is and how well to apply it in an economics IA paper.
Context
Under this section, IB students are expected to identify an economic issue present in their chosen article and provide a background of the issue, its relevance, and significance to the economy.
Linkages
Here, we connect the issue to relevant economic theories and concepts. A student should be able to connect the economic theories and concepts with the economic issue at hand.
Analysis
Apply economic data and statistics from the chosen article to analyze the information presented in the article. A student should also be able to apply the economic models and tools, such as cost-push diagrams, cost-benefit analysis, demand and supply diagrams, etc.
Stakeholders
It is prudent to identify the stakeholders or actors affected by the issue of policy in your chosen economic IA article. Outline how the current economic situation might impact these actors and how changes will affect them.
Policies
Come up with potential policy responses to the issue at hand. Do not just discuss the surface meaning of the potential policy. Remember to evaluate the effectiveness of the policy and discuss alternative policies, too. Discuss the strengths, limitations and unintended consequences that arise when a policy is implemented.
Priorities
Consider what is at stake for different actors affected by the issue in the chosen IA economic article. This should include both stakeholders and policymakers. Lastly, discuss the trade-offs involved in different policy decisions.
With an article that is relevant, recent and rich in economic data and analysis, it becomes easier to complete an Economic IA and get good grades. Get in touch with us for article suggestions and respective key concepts. Our consultation process is free, and when you need help completing the economic IA, it's at a friendly price.
With less than a month to go before the European Union enacts new consumer privacy laws for its citizens, companies around the world are updating their terms of service agreements to comply.
The European Union’s General Data Protection Regulation (G.D.P.R.) goes into effect on May 25 and is meant to ensure a common set of data rights in the European Union. It requires organizations to notify users as soon as possible of high-risk data breaches that could No. Wordsally affect them.
