The IB Economics IA criteria reward accurate diagrams, precise terminology, article-specific analysis, a meaningful key-concept link, and balanced evaluation. Each of your three commentaries is marked out of 14, while a portfolio criterion contributes another 3 marks, producing a maximum of 45.
This guide explains what each criterion requires and separates official rules from common recommendations. That distinction matters because markers award evidence that matches the descriptors, not compliance with unofficial formulas.
How the IB Economics IA is marked
Both SL and HL students submit three commentaries based on published news-media extracts. The portfolio must include one commentary on microeconomics, one on macroeconomics, and one on the global economy.
The task is identical at both levels, although its weighting differs. According to the official IB Economics subject brief, the portfolio contributes 30% at SL and 20% at HL.
| Criterion | Focus | Marks |
|---|---|---|
| A | Diagrams | 3 per commentary |
| B | Terminology | 2 per commentary |
| C | Application and analysis | 3 per commentary |
| D | Key concept | 3 per commentary |
| E | Evaluation | 3 per commentary |
| A-E | Total for each commentary | 14 |
| F | Complete portfolio requirements | 3 |
| Total | Three commentaries plus Criterion F | 45 |
Your teacher marks the portfolio before the IB externally moderates a sample. As the IB assessment overview explains, moderation checks whether schools have applied the criteria accurately and can result in marks remaining unchanged or being adjusted.
Criterion A: Diagrams, 3 marks
Criterion A assesses whether you can construct and explain economic diagrams. A technically correct diagram is insufficient for full marks if the commentary does not explain its mechanism.
| Mark | Practical meaning |
|---|---|
| 0 | No relevant diagram reaches the required standard. |
| 1 | A relevant diagram is included but is not explained, or the explanation is incorrect. |
| 2 | The diagram is relevant, accurate, and labelled, but its explanation is limited. |
| 3 | Relevant, accurate, correctly labelled diagrams are fully explained. |
For 3/3, identify the original equilibrium, explain why a curve shifts or why movement occurs along it, identify the new outcome, and connect the change to the article. An indirect-tax diagram might show the initial and post-tax supply curves, consumer and producer prices, quantities, equilibria, and tax wedge.
There is no official requirement to include exactly two diagrams. One fully relevant and explained diagram can satisfy the top descriptor. Extra diagrams help only when they add analysis that you can explain within the word limit.
Common errors include confusing price with price level, representing a movement as a curve shift, omitting equilibrium labels, drawing welfare areas inaccurately, or including a diagram that is never discussed.
Criterion B: Terminology, 2 marks
Criterion B rewards appropriate economic terminology used consistently throughout the commentary.
| Mark | Practical meaning |
|---|---|
| 0 | Terminology does not reach the required standard. |
| 1 | Relevant terminology is included. |
| 2 | Relevant terminology is used appropriately throughout. |
A list of definitions does not secure 2/2. Terms such as negative consumption externality, allocative efficiency, price elasticity of demand, and welfare loss must support the reasoning.
Precision is important. If price rises along an unchanged demand curve, quantity demanded contracts. Saying demand decreases incorrectly describes a shift and may weaken Criteria A, B, and C. Defining every term is not an official requirement, so define central or unfamiliar terms without filling the commentary with textbook material.
Criterion C: Application and analysis, 3 marks
Criterion C assesses whether theory is applied and analysed in the article's specific context.
| Mark | Practical meaning |
|---|---|
| 0 | No relevant application and analysis. |
| 1 | Relevant theory is applied, but analysis is limited. |
| 2 | Theory is applied throughout with appropriate analysis. |
| 3 | Theory is applied throughout with effective economic analysis. |
Application connects theory to the named country, market, policy, evidence, or stakeholders. Analysis builds a logical chain of causes, mechanisms, and consequences.
For example, rather than merely stating that a sugary-drink tax raises prices, explain that it increases producers' costs, shifts supply left, raises the consumer price, and reduces equilibrium quantity. You can then connect lower consumption to imperfect information or external costs discussed in the extract.
For 3/3, the explanation should be specific enough that it could not be transferred unchanged to another article. The RevisionDojo Economics IA guide and Economics IA writing tips offer planning methods for connecting theory with contextual evidence.
Criterion D: Key concept, 3 marks
Each commentary must use a prescribed key concept as an analytical lens. The IB Economics course page identifies nine: scarcity, choice, efficiency, equity, economic well-being, sustainability, change, interdependence, and intervention.
| Mark | Practical meaning |
|---|---|
| 0 | No adequate link is established, or the concept is repeated. |
| 1 | A concept is identified and a connection is attempted. |
| 2 | The connection is partially explained. |
| 3 | The connection to the article is fully explained. |
Mentioning intervention in the introduction and conclusion is not enough. For a sugary-drink tax, explain why intervention may correct overconsumption, how it changes incentives, whether it improves efficiency, and what could limit its effectiveness.
Each commentary must use a different key concept. Repeating one can result in zero for Criterion D in the affected commentary, rather than a deduction under Criterion F. Choose the concept after identifying the article's central issue so that it genuinely organizes the argument.
Criterion E: Evaluation, 3 marks
Criterion E assesses whether judgments are supported by reasoned argument. Evaluation is more than an opinion or a list of advantages and disadvantages.
| Mark | Practical meaning |
|---|---|
| 0 | No supported judgment reaches the required standard. |
| 1 | Judgments receive limited support. |
| 2 | Judgments are supported by appropriate reasoning. |
| 3 | Judgments are supported by effective, balanced reasoning. |
Useful evaluative dimensions include stakeholder effects, short-run and long-run consequences, elasticity, policy size and enforcement, model assumptions, unintended consequences, and alternatives.
A strong judgment might argue that a sugary-drink tax will reduce consumption more substantially when demand is elastic and substitutes are available. If demand is inelastic, consumption may decline little, although the government could use tax revenue for healthcare or information campaigns. The conclusion should identify the most important effect and the conditions affecting it.
Balance does not mean treating every argument as equally convincing. It means considering relevant counterarguments before reaching a qualified conclusion. The RevisionDojo high-scoring commentary guide explains how to integrate evaluation throughout the analysis.
Criterion F: Portfolio requirements, 3 marks
Criterion F is awarded once for the complete portfolio.
| Mark | Requirements met |
|---|---|
| 0 | None |
| 1 | One |
| 2 | Two |
| 3 | All three |
The three requirements are:
- The articles cover different syllabus units: microeconomics, macroeconomics, and the global economy.
- Each article comes from a different appropriate news-media source.
- Each article was published no earlier than one year before the commentary was written.
The 800-word limit is official but is not one of the three Criterion F requirements. Moderators are not required to read beyond 800 words, so overlength work may lose analysis that supports several criteria.
Certain items, including diagrams, short diagram labels, calculations, citations, and references, may be excluded under the guide's specified conditions. Analysis, explanations, definitions, and quotations remain part of the commentary and should not be hidden in footnotes. Use the RevisionDojo Economics IA checklist to check dates, sources, concepts, coversheet details, and word counts.
How the criteria work together
The criteria overlap in practice. A tax diagram can support Criterion A, while precise terminology and article evidence strengthen Criteria B and C. Connecting welfare effects to intervention or equity supports Criterion D, and judging likely effectiveness contributes to Criterion E.
Before submitting, check:
- A: Is every diagram accurate, labelled, relevant, and explained?
- B: Is terminology precise throughout?
- C: Is theory connected to article evidence?
- D: Does the concept shape the discussion?
- E: Are judgments supported, balanced, and conditional?
- F: Do the articles satisfy the unit, source, and date rules?
RevisionDojo Economics IA exemplars can help you distinguish the criteria, but compare each exemplar with the descriptors rather than copying its structure.
Common misconceptions
More diagrams do not automatically earn more marks, and a terminology list does not demonstrate consistent usage. Summarising the article is not application, while repeatedly naming a key concept is not a fully explained link.
Similarly, listing pros and cons is not necessarily evaluation because arguments must be weighed. The IA also receives no standalone grade from 1-7. Its moderated mark out of 45 is combined with examination components using session-specific boundaries.
Conclusion
The IB Economics IA criteria reward connected economic reasoning rather than isolated checklist features. Strong commentaries combine accurate models, terminology, contextual evidence, a suitable concept, and supported evaluation within the official limits.
Mark each draft against Criteria A-E, then verify Criterion F separately. RevisionDojo's IA guides, exemplars, and IB Economics Questionbank can support the diagram, application, and evaluation skills needed for both coursework and examinations.
Sources and referenced URLs
- IB Economics subject brief
- IB Economics course page
- IB assessment and moderation overview
- Economics for the IB Diploma internal assessment resource
- RevisionDojo Economics IA guide
- RevisionDojo Economics internal assessment tips
- RevisionDojo high-scoring Economics IA commentary guide
- RevisionDojo Economics IA checklist
- RevisionDojo Economics IA exemplars
- RevisionDojo IB Economics Questionbank

