Economics IA Commentary Coversheet Economics Commentary Number: | HL Number 1 | Title of Extract: | UK Unemployment | Source of Extract: | HRM – Human Resource Management | Date of Extract: | 11th of November 2009 | Word Count: | 661 | Date Commentary was written: | 28/11/2009 | Section of Syllabus that the Commentary relates to: | Section 3.5 - Unemployment | Candidate Name: | Yuriy Boldyrev | Candidate Number: | 001124003 | *Note: Commentaries should be read in chronological
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Economic Commentary About: Demand‚ Supply and Price Control Source of the article: Internet (business-standard.com) Name: Sang Hyun Jeon Section and Grade: 11 C Mentha oil rises on industrial demand Press Trust of India / New Delhi November 04‚ 2011‚ 12:04 IST Mentha oil prices rose by Rs 9.40 to Rs 1‚354.90 per kg in futures trade today‚ as traders enlarged their holdings tracking a rise in the industrial demand in spot markets. Restricted supply from the growing belts of Chandausi‚
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A market failure occurs when the allocation of good is not efficient. The externality is present if an economic activity (production or consumption) imposes costs on‚ or creates benefits for‚ third parties. If they impose costs on third parties they are considered negative externalities. Negative externality is a type of market failure. The government in London decided to impose tax on hauliers who use trucks that heavily polluted the environment. This is a negative externality since pollutions would
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ECONOMICS COMMENTARY Commentary number: 2 Title of extract: Govt begins work on 3 more compulsory licences Source of extract: Business Standard Date of extract: March 30‚ 2013 Word count: 750 words Date the commentary was written: 1/04/2013 The commentary relates: Candidate name: Sushmi Dey | New Delhi March 30‚ 2013 Govt begins work on 3 more compulsory licences DIPP wants foolproof case on anti-cancer drugs of Roche‚ Bristol-Myers The department
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Outlining an IA for IB Economics Plan: I will be only talking about the first part of the article “ China commodity imports soar despite high costs” Identify economic concepts (vocabulary words) that explain content of article Demand for oil and copper Purchases of other commodities imports of unwrought materials raise retail fuel prices China’s crude imports will remain high in the upcoming months as oil firms still have a strong incentive to produce raise crude throughput to a new peak
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(001863-018) IB Economics: Internal Assessment COMMENTARY 3 COVERSHEET Commentary number: 3 Title of extract: China lifts fuel price‚ raising inflation concerns Source of extract: BBC Date of extract: 21/02/2011 Word count: 746 words Date written: 20/03/2011 o Section 2: Microeconomics: Sections of the syllabus to which the commentary relates: þ Section 3: Macroeconomics: 3.3‚ 3.5 o Section 4: International Economics: o Section
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Elasticities Price elasticity of demand (PED) Law of demand tells us that P goes up Q goes down or P goes down and Q goes up. But it doesn’t give us any information about by how much Q changes compared to P. We want to know‚ using the PED‚ whether Q is changing by a lot compared to P‚ by a little bit compared to P or by the same rate as P. If %∆P<%∆Q‚ this good is called relatively elastic. If %∆P>%∆Q‚ this good is called relatively inelastic. If %∆P=%∆Q‚ this good is called unit elastic.
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Oral Commentary English A2 In the oral commentary you are expected to show critical thinking when you discuss a passage. You have to show that you understand the subject matter and your ideas have to be relevant and focused. When presented with an extract from a text‚ talk about the extract and not about the whole text. Your presentation should be organised and coherent. It should not be a series of unconnected points. It is important that you use examples to prove your arguments. Your language
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Original Article EDITORIAL Airlines‚ Emissions and Europe’s Sensible Plan Published: February 26‚ 2012 The carbon dioxide from airplanes accounts for about 3 percent of the world’s greenhouse gas emissions‚ a share projected to go up as air traffic rises. The European Union is now requiring airlines that fly into or out of Europe to pay a fee for these emissions. This is a smart response to an urgent problem. The United States and the other nations opposing the program should either come
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EXCHANGE RATES The exchange rate is the price of one country’s currency in terms of another country’s currency Quoted exchange rates can be either direct or indirect‚ Direct: home currency per unit of foreign currency 39 Rupees per US Dollars 80 Rupees per Pound Indirect: foreign currency per unit of home currency 0.0255102 US Dollar per Indian Rupee 0.491594 Pound per Indian Rupee Appreciation of Currency Currency Appreciation means that the given currency
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