IB Economics Assessment Practice
Assessment Practice Questions for Economics Welcome to the Revision Village IB Economics Assessment Practice Questions Collection. These questions are designed to support students in their preparation for the IB Economics examinations, including Paper 1, Paper 2, and Paper 3 (HL). Explore the features and functionalities of this collection to maximise your study experience and enhance your understanding of the curriculum.
What is in the Assessment Practice Question Collection?
The IB Economics Assessment Practice Question Collection comprises Paper 1, Paper 2, and Paper 3 (HL)-style questions. Each question is contextualised in a Real-World Example (RWE), which is a set of resources about a country or market. The variety of resources and questions ensures that you have ample opportunity to practice interpreting and analysing data, applying your knowledge to the context presented in the Assessment Practice Question, and formulating concise and accurate responses for each question type. The Assessment Practice Questions are a great way to learn RWEs, and to learn how to effectively incorporate real-world examples into synthesis and evaluation questions. The questions are accompanied by written markschemes, concise sample answers, and video explanations. You can also submit your responses for detailed and targeted feedback from Newton AI.
How should the Assessment Practice Questions be best used?
IB Economics students will benefit from actively practising exam-style questions. By analysing data, text, and figures while answering questions, you will strengthen your skills in interpreting information and applying your economics knowledge, just like in the IB exams. You will also learn how to formulate concise and relevant responses to IB Economics questions - supported every step of the way by markschemes, video solutions, and Newton AI.
What is the difference between Open Study and Examination Mode?
An Assessment Practice Question can be attempted in either Open Study or Examination Mode. The Open Study Mode will allow you to answer and review each question at your own pace. You can receive carefully tailored AI feedback and consult the written markscheme and video for each question at each step.
The Examination Mode is a simulation of exam conditions. Under this mode, you submit all your answers when finished. You may choose to answer questions in any order you wish and go back to change answers before you submit. After completion, you will have access to all markschemes and video solutions, and you will receive AI feedback and an overall 1 - 7 mark on your submitted work. To best simulate exam conditions, we advise that you time yourself using the duration indicated.
In Examination Mode, your answers will be saved so you can always return to them. In Open Study Mode, you can attempt each question anew.
How are the Assessment Practice Questions organised? Should I go in order?
The Assessment Practice Questions are organised as Focused Data Response Questions and Exam-Style Questions. The Exam-Style Questions are modelled after IB exams to provide an authentic experience. The focused Data Response Questions are ideal for students who are still in the middle of the course. These questions are focused on a specific part of the syllabus; they do not cover the entire course. This allows you to choose an Assessment Practice Question that will give you more practice in a specific area of the curriculum, enabling you to tailor your revision more effectively. As a result, the order in which you do the Assessment Practice Questions is entirely dependent on your schedule and preferences. We do, however, recommend that you work through several Assessment Practice Questions to apply your knowledge from across the curriculum.
How long are the Assessment Practice Questions?
Due to the nature of the IB Economics exam, the best practice is to do an entire Assessment Practice Question in one sitting. However, we recognise that IB students have a lot going on, so in addition to full-length Assessment Practice Questions, we have also created shorter Assessment Practice Questions to give you a similar range of practice in a shorter time period. You can find the shorter questions in the Focused Data Response Questions.
How hard are the Assessment Practice Questions?
In order to tailor your revision for Paper 1, Paper 2, and Paper 3 (HL), we have created Assessment Practice Questions that are relatively easy, medium or hard. The individual questions in RV Economics Assessment Practice Questions range in difficulty from easy to hard, as indicated.
Why is a Real-World Example provided for the Paper 1 Assessment Practice Questions?
In Paper 1, part b, students are expected to use their own Real-World Examples (RWEs). This makes practising these questions difficult: if students don’t know an applicable RWE, they cannot practice economic analysis and evaluation effectively. By providing students with an RWE in these assessment practice questions, students can not only learn an RWE that they could use in the exam, but more importantly, they can see how the exact RWE they’ve used in their response is used in the sample answer. Students can choose to use the provided RWE, or they can provide their own.