Introduction to paper 1
Paper 1 has the same structure for both standard and higher levels.
Paper 1: SL and HL Duration of paper 1 Focus and structure of paper 1 1 hour and 30 minutes Section A focuses on section 1 of the syllabus (microeconomics). Students must answer one question from a choice of two. Section B focuses on section 2 of the syllabus (macroeconomics). Students must answer one question from a choice of two. Structure of questions and marks earned in paper 1 Each question consists of two parts, (a) and (b). Students must answer both parts. Part (a) earns a maximum of 10 marks, and part (b) a maximum of 15 marks, making a total of 25 marks for the question. Assessment objectives in paper 1 Part (a) of the questions examines assessment objectives 1, 2 and 4. Part (b) of the questions examines assessment objectives 1, 2, 3 and 4. Maximum marks earned in paper 1, and percentage in total IB Economics grade Since the student must answer two questions, paper 1 earns a maximum of 50 marks. Paper 1 accounts for 40% of the student’s overall grade at standard level, and 30% of the student’s overall grade at higher level.
Organisation of paper 1 questions in the CD-ROM
Paper 1 questions are organised by section, i.e. section A on microeconomics followed by section B on macroeconomics, and by chapter within each section. This makes it easier for you to practise exam questions as you study each chapter in the textbook. The syllabus consists of ‘SL/HL core’ topics, which are topics that are common to both SL and HL, and of HL topics that are for HL only. Corresponding to this division, the questions in each chapter have been divided into ‘SL/HL core’, which should be attempted by all students at both SL and HL, and ‘HL’ which should be attempted by HL students.
(HL students may note that some chapters may not have any HL questions; this is because there are no HL topics in these chapters that are examined in HL paper