IB 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 advanced quantitative skills.
Paper Structure & Timing
- Part (a): 20 marks (with subparts)
- Part (b): 10 marks (policy recommendation)
1 hour 45 minutes
Answer two compulsory questions (no choice)
Each question has two parts:
Total: 60 marks (30 marks per question)
Assessment Weight
Higher Level (HL)
Weighting: 30% of final grade
Focuses on policy analysis using HL extension material and advanced quantitative skills
Marking Criteria Summary
Key Focus Areas
Quantitative Skills
- • Economic calculations and economic data interpretation
- • Graph interpretation and construction
- • Statistical analysis of economic relationships
Policy Analysis
- • Evaluating economic policies
- • Making informed recommendations
- • Considering trade-offs and consequences
Calculator Rule
Calculators are permitted in Paper 3. Graphic display calculators (GDCs) are highly recommended for advanced quantitative analysis.