IBonomicsIB Economics Paper 3 Tips (HL Only)
Master policy analysis and real-world economic application
Higher Level only
Paper 3 is exclusively for HL students and focuses on policy analysis with quantitative skills.
All you need to know
- 1 hour 45 minutes total.
- Two compulsory questions (no choice).
- Part (a): 20 marks; Part (b): 10 marks.
- Total: 60 marks.
Assessment weight
Higher Level (HL)
30%Emphasizes policy evaluation with HL extension material.
Marking focus
Part (a): 20 marks
- Show calculations with working.
- Interpret quantitative results.
- Use data from the case study.
Part (b): 9-10 marks
- Recommend a policy response.
- Use theory and data together.
- Provide balanced evaluation.
Key focus areas
Quantitative skills
- Economic calculations and data interpretation.
- Graph interpretation and construction.
- Statistical analysis of relationships.
Policy analysis
- Evaluate trade-offs and outcomes.
- Make reasoned recommendations.
- Apply real-world context.
Calculator rule
Calculators are permitted. Graphic display calculators are recommended.