This comprehensive, classroom-ready revision guide is your complete solution for mastering IB DP Economics Paper 2 – the data-response paper covering all four units. With a 1-from-2 question choice and a seven-part (a)–(g) structure, this guide emphasises the distinct marking styles across the paper: analytic, point-based marking for parts (a)–(f), and holistic markbands for part (g), with all HL-only content clearly flagged throughout.

What’s inside?
PART I – FOUNDATIONS
• Paper 2 format, timing and weighting – 40 marks, 1 hour 45 minutes, 40% SL / 30% HL
• The seven-part anatomy – (a)(i+ii) through (g), with mark allocations and AO mapping
• SL vs HL distinction – identical structure, HL-only content depth, calculator permitted
• Assessment objectives AO1–AO4 decoded – AO3 lives exclusively in part (g)
• Full command term bank – with Paper-2-specific example stems
• The nine key concepts – the conceptual lens part (g) rewards

PART II – CONTENT MASTERY
• Priority heatmap – every subtopic rated by importance for data-response stimuli
• Frequency heatmap – which subtopics suit short parts vs part (g)
• Unit 1 content review – introduction to economics (PPC, circular flow, methodology)
• Unit 2 content review – microeconomics: demand, supply, elasticity, market failure, government intervention, market power (HL)
• Unit 3 content review – macroeconomics: AD/AS, objectives, inequality, monetary/fiscal/supply-side policy
• Unit 4 content review – global economy: trade, protection, exchange rates, balance of payments, development

PART III – EVIDENCE, ANALYSIS AND PREDICTION
• Retrieval practice prompts – self-test questions with model answers
• Master comparison bank – paired concepts examiners love to test
• Worked calculations bank – PED, YED, PES, real GDP, multiplier, comparative advantage, exchange rates, tariff effects, Lorenz/Gini – fully worked, calculator permitted
• Past paper analysis – how stimuli and questions are built
• Evidence-based predictions – confidence-meter forecasts

PART IV – DIAGNOSIS, TECHNIQUE AND APPLICATION
• Markband walkthrough for part (g) – weak vs strong exemplars
• How markschemes actually work – analytic marking for (a)–(f), holistic markbands for (g), own-figure/follow-through
• Exam technique and timing protocol – 105-minute schedule protecting part

PART V – REVISION, PLANNING AND PRACTICE
• Complete misconceptions register – 18 common errors with corrections
• Differentiated pathways – Foundation / Consolidation / Stretch tiers

Independently produced as a supplementary educational resource. Not endorsed by or affiliated with the International Baccalaureate Organization.

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