A reduction in cigarette consumption could also lead to a reduction in negative externalities of consumption in the economy as there would be a reduction in passive smoking etc. Probably not the best answer in the world but that’s along the lines you should be writing. You want to be making sure you’re allocating your time efficiently. Depending on how fast you write, you could split it into a 15 minute and 30 minute arrangement; 15 minutes for the 10 marker and 30 minutes for the 15 marker. ***IMPORTANT*** I may not have mentioned it explicitly with the other IB Economics paper 1 tips but I will now.
Use key words from the question to indicate to the examiner that you know your stuff. This part will be shorter BUT IT’S STILL IMPORTANT. Personally, I was taught to allocate 17 or 18 minutes to writing the 10 marker and 28 or 27 minutes for the 15 marker. MAKE SURE that you make references to the information given to you.
Points for diagrams are literally the easiest marks you can get in the IB Economics Exams. It’s so easy to pick up marks here that you BETTER remember to include them. Your explanation revolves around telling the examiner how the indirect tax affects all three stakeholders. They can be hypothetical or real life examples that have to essentially indicate the effects of the theory you just explained in real life. Evaluation is probably what chokes up a lot of IB Economics students. disadvantages, then a discussion with the points you wrote.
I know I’m blabbing on about their importance but let’s take a look at a markscheme shall we? So in this case, off the top of my head, you could go: “The government of country Z for example decided to implement indirect taxes on alcohol. For the 15 mark questions, this part makes all the difference between a 6 and a 7. Well look at the question again: It’s not asking for an evaluation that goes “In conclusion, this theory creates revenue, reduces consumption and..” NO. Essentially your evaluation should look more like this: “In relation to the consequences, producers and consumers see to lose more with this indirect tax as consumers will pay more for goods that were previously cheaper and cigarette manufacturers may see a decrease in demand for their product.
It can be a real life example that you know of or you could make up a hypothetical one .
So you could basically go: “For example, the government of country Y decided to implement an indirect tax on cigarettes to reduce the negative effects of passive smoking on non-smokers. You can move on to the next definition which is likely ‘stakeholders’ or ‘the market’. You don’t need to define a term that’s already been defined in the 10 marker.
As with all the techniques I’ve been posting about up until now, you want to make sure that you know your content fairly well enough. Yeah I TOTALLY get what the acronym is supposed to mean” Whoa calm down not so fast. First of all, I have to clarify that you use DEED for the 10 mark questions only.
So in the 10 mark question above, you may choose to define what an indirect tax is and also what demerit goods are (because cigarettes are demerit goods). That’s basically what the explaining part is about.
Also, you DO need a conclusion so you’ll need to pick, in this case, whether advantages beats disadvantages or the other way around. Either way you do it, make sure you’re arranging more time for the 15 marker. Do a lot of practice before walking into that test. It’s not mandatory because you’re essentially referring to the information given to you on the paper but it’s good practice to explicitly reference of cite the info from time to time.
So it would be something like: “Overall, upon further analysis, while it’s true that there are potential drawbacks to multiple consumers for the implementation of an indirect tax on cigarettes, there are also numerous more advantages to be considered which could benefit society and the government in the long run” That’s basically how you would answer that. This is applicable to both the 10 mark question and 15 mark question Looking for some more studying tips?