1. IB DP Economics Internal Assessment

2. ItemDetails Weighting HL20%, SL20% Class time 20 hrs No. of commentaries 3 Marking Marked individually, plus one criterion for “rubric requirements” for the whole portfolio Source of extract Extract published < 1 year before commentary is written

3. ItemDetails Word countMax. 750 each Allocation of sections Commentaries based on different sections Assessment Criteria 5 assessment criteria for each commentary, plus 1 for “rubric requirements” Total marks per commentary Each commentary marked out of 14 Total marks for portfolio 3 marks for rubric requirements – max 45 marks for portfolio

4. ItemDetails The following are NOT included in the word count Acknowledgements Cover page Diagrams Labels – 5 words or fewer Diagram headings – 10 words or fewer Tables of statistical data Equations, formulae and calculations Citations (must be in the body) References (must be in footnotes / endnotes)

5. ItemDetails Contents A summary cover sheet for the portfolio An individual cover sheet for each commentary Commentaries plus extracts FocusEach commentary MUST Explain the linkages between the article and economic theory taken from the relevant section of the course Demonstrate economic insights into the implications of the article (should provide evidence of the student’s ability to discuss current events from the point of view of an economist)

6. CriterionMarksAchievement objectives Adiagrams3AO2 and AO4 Bterminology2AO1 Capplication2AO2 Danalysis3AO2 Eevaluation4AO3 total14 FRubric requirements3AO4

7. CriterionDescriptor A – diagrams – 3 marksRelevant, accurate and correctly labelled diagrams are included, with a full explanation

8. Economics 2013 – internal assessment Page 8 CriterionDescriptor B – terminology – 2 marksTerminology relevant to the article is used appropriately throughout the commentary

9. Economics 2013 – internal assessment Page 9 CriterionDescriptor C – application – 2 marksRelevant economic concepts and/or theories are applied to the article appropriately throughout the commentary

10. Economics 2013 – internal assessment Page 10 CriterionDescriptor D – analysis – 3 marksThere is effective economic analysis relating to the article

11. Economics 2013 – internal assessment Page 11 CriterionDescriptor E – evaluation – 4 marksJudgments are made that are supported by effective and balanced reasoning

12. Economics 2013 – internal assessment Page 12 CriterionDescriptor F – rubric requirements – 4 marks All 5 rubric requirements are met: Each commentary does not exceed 750 words Each article is based on a different section of the syllabus Each article is taken from a different and appropriate source Each article was published no earlier than one year before the writing of the commentary The summary coversheet, three commentary cover sheets and the article for each commentary are included

13. Economics 2013 – internal assessment Implications 3 commentariesMore time to set up/practice. More time devoted to each Age of articleCommentaries written near the end of the course must be contemporary Word countNo minimum. 750 with exclusions means that more analysis/evaluation is possible in each commentary Based on different sections Each article is based on a different section of the syllabus Separate assessment for each Very significant – teachers will be able to mark throughout the course, not just at the end once the portfolio is complete ContentsPenalized if cover sheet/articles omitted

14. Economics 2013 – internal assessment Implications A – diagramsRelevant, accurate and correctly-labelled diagrams. Need to show “ability to construct” – not just sketch or draw scrappy diagrams B – terminologyTerminology relevant to the article is used appropriately throughout. C – ApplicationRelevant concepts/theories applied appropriately. – no real change, although 2005 required application AND/OR analysis. Both needed for 2013 D – AnalysisEffective economic analysis – must be able to explain and/or develop appropriate economic theories and/or concepts in the context of the article. E – EvaluationSignificant change – students are required to “synthesize analysis in order to make judgments supported by reasoned arguments. NO requirement to evaluate theory!