Passion For Economics Essay

Passion For Economics Essay-16
Some topics veer into the field of Business Management or Psychology and you would be disadvantaged choosing these as a focus for an Economics EE.Some of these topics would be more suited to a multi-disciplinary approach of World Studies and combining Economics and Psychology.In Economics, we have such a huge range of possible real world focuses.

Some topics veer into the field of Business Management or Psychology and you would be disadvantaged choosing these as a focus for an Economics EE.Some of these topics would be more suited to a multi-disciplinary approach of World Studies and combining Economics and Psychology.

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For instance did a specific fiscal policy to a change in variable x ?

Can you find sufficient macroeconomic data to analyse?

This series of posts will breakdown the six different components of the Extended Essay in Economics.

This first post provides a little guidance on finding a good question and helps you reflection on three key questions…

Why do people not save enough for their retirement when they can estimate how much saving they will likely need?

For instance, I have seen students use a rigged Monopoly game to simulate money supply, by introducing borrowing and interest rates.

Because rationality is founding principle of economics where individual supposably maximise utility, lots of our policies, decisions and outcomes are flawed.

There might be areas where you can observe behaviour and look to responses which are irrational.

For instance should you survey your parents friends about decisions to buy a hybrid car, or should you find actual potential buyers at the car showroom?

Some topics are far too broad in their scope to tackle in 4,000 words and some economic theory is too far beyond our IB Diploma Syllabus.

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