IB diploma Economics SL micro IA

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2018 May IBDP 에 작성된 econ SL micro IA입니다. 단 1점도 깎이지 않은 만점짜리 에세이 이고, moderate 결과 동일하게 나왔습니다. econ IA 에서 가장 중요시 되는 적절한 그래프와 그 그래프에 대한 설명을 어떻게 다루어야 하는지, 또한 본인이 선택한 article 에서 어느 부분에 focus 를 해야할 지 등 유용한 팁들을 얻어가실 수 있을거라 자신합니다. 도움 되셨으면 좋겠습니다.
제가 선택한 article 제목은 Canada will tax carbon emissions to meet Paris climate agreement targets 이며, carbon tax 가 핵심 주제입니다.

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본문내용

Initially in Fig 1, the equilibrium point lies at point A (Pe, Qe). The imposition of carbon tax shifts the supply curve leftward, from S1 to S2, which increases the price from Pe to Pt and reduces carbon emissions from Qe to Qt. However, this reduction is relatively small in the short run due to the inelastic demand of fossil fuel. As fossil fuels dominate the Canadian market, and renewable energies are less developed, large dependency on fossil fuels makes its demand price inelastic. In the long run, on the other hand, consumers would prefer substitute goods due to the significant rise in fossil fuel price. Substitute goods can be defined as different goods that satisfy the same needs of consumers and, therefore, can be used to replace one another. The demand for substitute goods, renewable energies for example, will rise, increasing the price of renewable energies. The increased price signals producers to increase the supply of renewable energies.

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