IB Economics SL 2.8.6 Evaluating Policy Responses Questions
Practise 2.8.6 Evaluating policy responses in IB Economics SL by reviewing the concepts and applying them to marked questions.
- Syllabus
- First assessment 2022
- Course
- Economics SL
- Level
- SL
Exam points
- Evaluation considers measurement challenges, policy effectiveness, and stakeholder consequences
- International cooperation matters because sustainability issues are global
- Monitoring and enforcement are major challenges in international cooperation
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IB Economics SL 2.8.6 Evaluating Policy Responses Questions question 1
[Maximum number: 15]
Evaluate whether the use of carbon taxes is the most effective way for the government to deal with the threat to sustainability posed by the use of fossil fuels.
s may include:
- definitions of carbon taxes, sustainability, negative externalities
- diagrams to show the effect of carbon taxes on the market for fossil fuels and how market failure is eliminated
- explanation of how carbon taxes will increase costs of production and increase the price of fossil fuels, leading to a decrease in their consumption
- examples of government responses to the threat to sustainability arising from the use of fossil fuels
- synthesis or evaluation.
Evaluation may include: the limitations of using carbon taxes, such as identifying the size of the externality and estimating the impact on demand, the difficulty of identifying which firms are liable to the tax, the fact that taxes do not stop the use of fossil fuels but only discourage it;
alternative methods, such as legislation and "cap and trade";
references to subsidies / investment in alternative energy sources.
Examiners should be aware that candidates may take a different approach which, if appropriate, should be rewarded.
Opinions or conclusions should be presented clearly and should be supported by appropriate examples.
Assessment Criteria
Level 0 (0 marks): The work does not meet a standard described by the descriptors below.
Level 1 (1-5 marks): There is little understanding of the specific demands of the question. Relevant economic terms are not defined. There is very little knowledge of relevant economic theory. There are significant errors.
Level 2 (6-9 marks): There is some understanding of the specific demands of the question. Some relevant economic terms are defined. There is some knowledge of relevant economic theory. There are some errors.
Level 3 (10-12 marks): There is understanding of the specific demands of the question. Relevant economic terms are defined. Relevant economic theory is explained and applied. Where appropriate, diagrams are included and applied. Where appropriate, examples are used. There is an attempt at synthesis or evaluation. There are few errors.
Level 4 (13-15 marks): There is understanding of the specific demands of the question. Relevant economic terms are clearly defined. Relevant economic theory is clearly explained and applied. Where appropriate, diagrams are included and applied effectively. Where appropriate, examples are used effectively. There is evidence of appropriate synthesis or evaluation. There are no significant errors.
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