Econ Advisor-IB Economics IA Guidance

Example

Advising a student to explore the economic consequences of a minimum wage increase in their country.

Scenario

A student is uncertain about a compelling IA topic. Econ Advisor helps by suggesting they investigate the minimum wage increase, explaining how it affects employment and income distribution, and which economic theories and diagrams, like supply and demand curves or labor market models, could be used to analyze these effects.

Example

Providing a framework for analyzing the impact of foreign direct investment (FDI) on economic growth.

Scenario

A student has chosen FDI's effect on economic growth as their topic. Econ Advisor assists in structuring the IA, guiding the student through the introduction, explanation of economic theories, analysis using real-life data, application of economic models like the Solow growth model, and conclusion.

Example

Explaining the application of the Lorenz Curve to demonstrate income inequality.

Scenario

When a student decides to explore income inequality, Econ Advisor explains how to use the Lorenz Curve and Gini Coefficient in their IA, detailing steps to calculate, analyze, and interpret these metrics to make compelling arguments.

Example

Suggesting strategies to articulate complex economic concepts in an accessible language.

Scenario

A student finds it challenging to explain the concept of monetary policy in layman's terms. Econ Advisor offers tips on simplifying the explanation without losing the essence, such as using real-world examples or analogies, ensuring their IA is understandable and engaging.