3 - Economics SL

Assessment

External Assessment Paper 1 (30% of the grade) assesses the whole course and consists of an extended response paper where students are expected to demonstrate a holistic and critical understanding of how economics helps us understand real world issues with the help of theories, models, examples and inquiries from the course of study (1 hour 15 min; 10 and 15 mark essays, choice from three.) Paper 2 (40% of the grade) offers students the opportunity to work with new qualitative and quantitative data, by presenting students with real-world scenarios or case studies, where they are able to apply understanding from across all the syllabus areas in a more integrated way using the theories, models, ideas and tools of economics. (1 hour and 45 min). Internal Assessment (20% of the grade) Three 800 words commentaries portfolio offers students the opportunity to demonstrate their understanding and application of three different key concepts by using them as a lens through which to analyse their commentaries thereby emphasizing a demonstration of conceptual understanding.