Real-World Examples

Paper 1-ready examples for every Microeconomics topic. Each example includes the economic link and exactly how to use it in your essay.

HOW TO USE REAL-WORLD EXAMPLES IN PAPER 1

In IB Economics Paper 1, real-world examples earn marks in both Part (a) and Part (b). For Part (b) evaluation questions, use examples to support each side of your argument — one example for a benefit/strength, one for a limitation. Always state the country, time period, and the specific economic mechanism at work. Avoid vague references like "for example, in many countries..."

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2.1

Demand

2.2

Supply

2.3

Competitive Market Equilibrium

2.4

Behavioural Economics (HL)

2.5

Price Elasticity of Demand

2.6

Price Elasticity of Supply

2.7

Government Intervention

2.8

Externalities

2.9

Public Goods

2.10

Asymmetric Information

2.11

Market Power (HL)

2.12

Income Inequality & Poverty

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