IB Economics SL Paper 1 Example 1 (25/25)
This IB Economics SL Paper 1 scored a perfect 25/25 (Grade 7) and was written by a 44/45 student for the November 2022 exam session. Included is the original, handwritten response (with official IB marker annotations) as well as a typed version of the essay.
The question chosen for this response was question 2, focusing on fiscal policy:
2 a) Explain two goals of fiscal policy
2 b) Using real-world examples, evaluate the use of fiscal policy to close a deflationary/recessionary gap.
This 2000-word response serves as a perfect example of the structure, detail and analysis required in the Economics Paper 1 examination. It is a must-have resource for anyone looking to achieve a strong Grade 7 in their own Economics paper.