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IB Essays and Article Commentaries

Number of Jobs Lost to Storms Totals 478,000

- Examining the effects of hurricanes Katrina and Rita on the US economy and making predictions about the future economic impact of these hurricanes. This commentary also tries to illustrate why in situations such as those observed post-hurricane in the US the Phillips curve doesnt hold and we observe a phenomenon referred to as stagflation by economists.

Benign Neglect of the Euro, Please

- An assesment of the effects of the introduction of the Euro. This article commentary chooses to contradict the statements of the article and present an alternative point of view. When the article discusses the implications of adopting the Euro in terms of falling exchange rates and the risk of imported inflation, the commentary discusses the merits of joining the European Monetary Union as well as the benefits of this predicted decline in exchange rates in terms of potential surpluses in the visible account.

The Staying Power of an Odd Recession

- An article commentary on US recession in 2003. The article attempts to examine the cause of this recession and give insight as to why this recession isnt the result of a downward trend in the business cycle but of problems much deeper and severe.

Development According to Dudley Seers

- An essay explaining the concept of development according to the Cambridge trained economist Dudley Seers.

Use of Demand-side Policies for Unemployment Control

- An assesment of the effectiveness of demand-side policies in combating unemployment using economic analysis with the assistance of diagrams. This essay is particularly useful for revising during exams.

An Explanation of the Purpose of Fiscal Policy

-In this essay I have used the Keynesian Ideal Consumption Function diagram in an attempt to explain the purpose of fiscal policy and try and assess how effective it is in combating the economy's problems.

Korea Firm Sees Gains in Europe

An article commentary trying to examine the significance of LG's expansion to Europe. In particular it examines the benefits of an exports oriented strategy as a strategy for this country's development when taking into account the levels of equality and the classification of the country in the stages of development.

Trade Creation and Trade Diversion

-An essay examining the impact of a country joining a customs union in terms of trade creation and trade diversion

Monetary Policy

-An essays examining monetary policy in terms of the causes for its adoption and its impact as well as its shortcomings.

Free Trade Benefits

-An essay examining the two main benefits of free trade using a simple illustration and diagrams. This has been taken directly from an IB past paper and is a very good sample as to what should be written in order to cover the main elements of the answer.

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