The IB economics Internal Assessment (IA) is a portfolio of three commentaries, completed by both HL and SL students. Each commentary takes a recent real world news article and analyses it using economic theory, in around 800 words (confirm the current word limit against the official IB Economics guide for your session). The three should draw on different parts of the syllabus and engage the IB's nine key concepts. To write a strong commentary, choose a focused, recent article with enough economics to analyse, define your terms and link them to the syllabus, apply theory with a relevant diagram, evaluate honestly, and weave in a key concept. Your school marks the IA and the IB externally moderates it, and it is worth a meaningful share of the final grade, so it is the part of the grade most worth getting right early.
If there is one piece of IB economics that quietly decides grades, it is the Internal Assessment. Most students treat it as the thing they will deal with later, after the real work of lectures and past papers. That is exactly backwards. The IA is the part of your grade with the most student control: it is coursework, written over two years, marked against published criteria, with no exam hall clock running. The exams reward you on a single morning. The IA rewards you for getting organised early and writing carefully, which is a far kinder bargain than most students realise.
We teach IB economics as well as A level, and the same teaching philosophy runs through both: the subject looks like a content subject and is marked like a writing one. Nowhere is that truer than in the IA, where a polished, well chosen commentary out scores a rushed, over broad one on the same topic almost every time. This is a practical guide to building each commentary: what the IA actually is, how to choose the article, how to structure the analysis, and the mistakes that quietly cost the most marks.
What the IA is
The Internal Assessment is a portfolio of three commentaries, and both HL and SL students complete it. Each commentary takes a single real world news article and analyses what it describes using economic theory. The article is the raw material; your job is to bring the economics to it, explaining the situation with the right model, the right diagram and a reasoned judgement, rather than simply summarising the news.
Each commentary is short, around 800 words, which is less room than it sounds once you have defined your terms, built a diagram and evaluated. The three commentaries are meant to range across the syllabus and engage the IB's nine key concepts, so you do not write three pieces on the same corner of microeconomics. Treat the portfolio as a set: plan early which parts of the syllabus and which concepts each commentary will cover, so the three together show range rather than repetition.
- A portfolio of three
- Three separate commentaries, each on a different real world news article, drawing on different parts of the syllabus. Both HL and SL students complete the same portfolio.
- A commentary, not an essay
- Around 800 words analysing one article with economic theory, a relevant diagram and evaluation. Confirm the current word limit against the official IB Economics guide for your session.
- The nine key concepts
- Across the portfolio you engage the IB's key concepts, such as scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence and intervention. Each commentary leans on one or more.
- Coursework you control
- Written across the two years and marked against the IB criteria, so it is the part of the grade with the least time pressure and the most room to get right with care.
Because it is coursework rather than an exam, the IA is the part of the grade you have the most control over, and the part most worth starting early. A student who writes the first commentary in the first year, gets it marked, and learns from it, walks into the next two with a method already working. A student who leaves all three for the final term is doing the hardest version of an otherwise generous task.
Choosing the article
Almost everything good or bad about a commentary is decided before you write a word, in the choice of article. The single most common reason a commentary underperforms is a poorly chosen source: too broad, too old, or with too little economics in it to analyse. Spend real time here, because a focused article makes the analysis almost write itself, and a sprawling one fights you the whole way.
- Recent
- Drawn from a current news source, within the window the IB guide sets for your session. A recent article keeps the analysis live and the evaluation grounded in real, current conditions rather than history.
- Focused, not broad
- About one clear economic event or decision, a specific tax, a particular market, one policy, so you can analyse it in depth in 800 words. An article surveying the whole economy gives you nothing to go deep on.
- Enough economics to analyse
- Containing a situation a syllabus model genuinely explains: a price change, an intervention, an externality, a market shift. If you cannot name the diagram before you start, the article is probably too thin.
- Local or global, either is fine
- A regional, national or international story all work. What matters is the economics it lets you do, not where it is from. Aim for variety across your three.
A useful test before committing: can you state, in one sentence, the economic concept and the diagram you will use? If yes, the article is focused enough. If you find yourself reaching for three different topics to cover everything in the piece, it is too broad, and you should either narrow your angle to one of them or find a tighter article. Narrow beats wide every time in a commentary.
Structuring the commentary
Once the article is right, a commentary has a recognisable shape. It is not a rigid template to bolt together, but the strong ones almost always do these things, in roughly this order, and 800 words is just enough to do them well if you do not waste any on summary.
- Define and link to the syllabus
- Open by defining the key economic terms and naming the part of the syllabus the article sits in. This frames the whole piece and shows the moderator immediately which theory you are bringing.
- Apply the theory with a diagram
- Explain the situation with the relevant model and a clearly drawn, labelled diagram, then refer to that diagram in your prose. The diagram should do real analytical work, not decorate the page.
- Evaluate
- Weigh the analysis: the limits of the policy, who gains and who loses, the short run against the long run, the assumptions the model rests on. Evaluation is your own reasoned judgement, not a memorised closing line.
- Weave in a key concept
- Connect the analysis explicitly to one of the IB's nine key concepts, so the commentary speaks the language the assessment is built around rather than treating the concept as an afterthought.
Notice how little of that is summary. A common instinct is to spend the first half of the commentary retelling the article. Resist it. The moderator can read the article; what they are marking is the economics you add to it. A single sentence of context is plenty, then move straight into definitions, theory and the diagram. Your words are scarce, so spend them on analysis and evaluation, the parts that earn the marks.
The diagram, the application and the evaluation
The diagram is where a commentary either comes alive or falls flat. A strong commentary draws the relevant model accurately, labels it fully, and then uses it: the prose points at the diagram and explains what a shift, a gap or an area means for the real situation in the article. A weak commentary either has no diagram at all, or pastes one in and never refers to it again. The application is the other half of the same move: name the actual market, the actual policy, the actual figures the article gives you, and tie each to the model, so the commentary could only have been written about this particular article.
And as on the A level side, evaluation is usually where the marks are won or lost. The analysis shows you understand the model; the evaluation shows you can think with it. Weaker commentaries describe and stop. Stronger ones interrogate: under what conditions does this policy work, what does it cost and who bears that cost, what does the model assume that the real world might not deliver, and what happens over a longer horizon.
A carbon tax can internalise the external cost of emissions and move the market towards the socially efficient output, but its effectiveness depends on demand being responsive enough to the higher price, and where demand is price inelastic in the short run the tax may raise government revenue and burden lower income households more than it reduces emissions, which is why it is often paired with subsidies for cleaner substitutes.
Read that again. It states a judgement (the tax is conditional), a condition (how responsive demand is), a distributional point (who bears the burden), and a comparison (pairing with subsidies). It introduces no new fact about the article; it weighs what has already been argued. That weighing is evaluation, and a commentary that does it honestly, in its own words, reads completely differently from one that recites a memorised line about advantages and disadvantages.
The moderator can read the article. What they are marking is the economics you bring to it, the diagram that does real work and the evaluation that is genuinely yours.
The key concept, and staying within the word count
The IA is built around the IB's nine key concepts, so each commentary should engage one or more of them deliberately, not as a label dropped in at the end. If your article is about a sugar tax, the natural concepts might be intervention, economic well-being and efficiency; name the concept, then show how your analysis speaks to it. Across the three commentaries, aim to cover a spread of concepts rather than leaning on the same one each time, so the portfolio as a whole shows range.
And then there is the word count, which disciplines everything above. Around 800 words is not many once definitions, a diagram explanation and evaluation are all present, so every sentence has to earn its place. Cut the article summary, cut the throat clearing introduction, cut any sentence that does not analyse, apply or evaluate. Always confirm the exact current word limit against the official IB Economics guide for your session, since the specifics can change, but treat tightness as a virtue regardless: a lean, focused commentary almost always out scores a padded one.
The Internal Assessment is set against the IB's published criteria. Your own school marks it, and the IB externally moderates that marking, so the standard is not ours to set or to bend. For that reason we never promise a grade: the IB sets and moderates the assessment, and we promise the work, the teaching of the writing, the diagram and the evaluation, then honest marking of your drafts against the standard so you can see exactly where the marks are. Always confirm the exact requirements, word limit and weighting against the official IB Economics subject guide for your examination session, since the details vary by session.
- The IA is a portfolio of three commentaries, around 800 words each, both HL and SL, ranging across the syllabus and the nine key concepts. Confirm specifics against the official IB guide.
- The article decides the grade. Choose recent, focused, with enough economics to analyse; if you cannot name the diagram before you start, it is too broad.
- Define and link, apply theory with a diagram, evaluate, weave in a key concept. Skip the summary; the moderator has already read the article.
- The diagram must do real work, and the application must be specific to this article, not a generic textbook paragraph.
- Start early and get a draft marked. The IA is the part of the grade with the most control, and the faults are ones you cannot see in your own writing.
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Frequently asked
What is the IB economics IA?
The IB economics Internal Assessment (IA) is a portfolio of three commentaries, completed by both HL and SL students. Each commentary takes a single recent real world news article and analyses it using economic theory, in around 800 words, with a relevant diagram, evaluation, and a link to one or more of the IB's nine key concepts. It is coursework written across the two years, marked by your school against the IB criteria and externally moderated by the IB, which makes it the part of the grade with the most student control. Always confirm the current word limit and requirements against the official IB Economics subject guide for your session.
How do I write an economics commentary?
Start by choosing a recent, focused news article with enough economics to analyse, ideally one where you can name the diagram before you begin. Open by defining your key terms and linking them to the relevant part of the syllabus, then apply the appropriate theory with a clearly labelled diagram that your prose actually refers to. Anchor the analysis in the specifics of the article, the real market, policy and figures, then evaluate honestly: the limits, the trade offs, who gains and loses, and the assumptions the model rests on. Weave in a relevant IB key concept, and keep the whole thing tight, since around 800 words leaves no room for summarising the article. Confirm the exact word limit against the official IB Economics guide.
How many commentaries for IB economics?
The IB economics Internal Assessment is a portfolio of three commentaries, and both Higher Level and Standard Level students complete the same three. Each one analyses a different real world news article using economic theory, and the three are meant to draw on different parts of the syllabus and engage a spread of the IB's nine key concepts rather than repeating the same topic. Because it is coursework written across the two years, planning early which syllabus areas and concepts each commentary will cover is one of the most reliable ways to make the portfolio show range and strengthen your grade.
How is the IB economics IA marked?
The IA is marked by your own school against the IB's published assessment criteria, and that marking is then externally moderated by the IB, so the standard is set and checked by the IB rather than by a tutor or teacher alone. It is worth a meaningful share of the final grade, roughly a fifth to a third depending on the level, though you should confirm the exact weighting against the official IB Economics subject guide for your examination session. Because it is coursework rather than an exam, it is the part of the grade you have the most control over, which is why starting early and getting a draft marked tends to pay off so much.
When should I start the IB economics IA?
As early as your school allows, ideally writing your first commentary in the first year rather than leaving all three for the final term. The IA is coursework with no exam hall clock, so the students who do best are usually the ones who get an early commentary marked, learn from the corrections, and apply the method to the next two. That sequence is hard to rush at the end. We teach IB economics as well as A level, and the advice is the same on both sides: the IA rewards getting organised early and writing carefully far more than it rewards last minute effort.
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