This comprehensive, classroom-ready revision guide is your complete solution for mastering IB DP Economics Paper 1 – the extended-response paper covering all four units. With a 1-from-3 question choice, part (a) worth 10 marks and part (b) worth 15 marks, this guide emphasises the AO3 evaluation skills that differentiate top-band responses, with all HL-only content clearly flagged throughout.

What’s inside?
PART I – FOUNDATIONS
• Paper 1 format, timing and weighting – 25 marks, 1 hour 15 minutes, 30% SL / 20% HL
• SL vs HL distinction – identical structure, HL-only content depth
• Assessment objectives AO1–AO4 decoded – AO3 lives exclusively in part (b)
• Full command term bank – with worked stems and depth guidance
• The nine key concepts – the conceptual thread through every unit

PART II – CONTENT MASTERY
• Priority heatmap – every subtopic rated by importance
• Frequency heatmap – which subtopics suit part (a) vs part (b)
• 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
• Real-world example bank – how to develop, not just name, examples for part (b)
• Past paper analysis – how questions are built and deconstructed
• Evidence-based predictions – confidence-meter forecasts

PART IV – DIAGNOSIS, TECHNIQUE AND APPLICATION
• Markband walkthrough – weak vs strong exemplars for part (a) and part (b)
• How markschemes actually work – best-fit marking, AO mapping
• Exam technique and timing protocol – 75-minute schedule with question-selection checklist

PART V – REVISION, PLANNING AND PRACTICE
• Complete misconceptions register – 18 common errors with corrections
• Differentiated pathways – Foundation / Consolidation / Stretch tiers
• Weekly planner – reusable template with daily activities
• Learner Profile connections – how the paper embodies all attributes
• Full original practice paper – three questions with complete markscheme

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

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