Economics Extended Essay Exemplar: To what extent has the PLI scheme… | RevisionDojo
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IB Economics SL Extended Essay Example
To what extent has the PLI scheme for High-Efficiency Solar PV Modules increased domestic manufacturing output and employment generation in India's solar energy sector between 2021 and 2025?SL
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A
Official IB Result
28/34
Criteria A: Focus and Method
5/6
0
3
6
Criteria StrandsPro
A.1Topic communication and appropriateness
Excellent
A.2Research question clarity and focus
Good
A.3Methodology completeness and appropriateness
Moderate
Criteria Feedback
The student communicated a specific and policy-relevant topic clearly from the start.
The student's research question is explicit, focused, and time-bound.
The student shows awareness of methodological limits and confounding factors.
The question combines two large outcomes, which makes the causal focus broader than ideal.
Some parts of the method do not fully match the causal claim being investigated.
A few sections drift away from the core manufacturing-and-employment focus.
1.1·Strength
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The research question is explicit, time-bound, and clearly framed around a policy intervention, so the reader can immediately see what is being tested.
1.2·Strength
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The title communicates a specific policy and two clear outcomes, which gives the investigation a focused and appropriately economic direction from the outset.
1.3·Suggestion
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This third parameter broadens the investigation beyond the stated question. Consider removing it or explaining exactly how it connects to manufacturing output and employment, so the scope stays tightly aligned with the causal claim being evaluated.
1.4·Weakness
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The method is too broad for the question as written. The student should justify why each model is necessary and, more importantly, show how it will test the PLI scheme’s causal impact rather than simply describe possible economic effects.
1.5·Strength
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This is a strong methodological acknowledgement because it shows the student understands a key limitation of the evidence base and avoids overstating certainty.
1.6·Weakness
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The hypothesis is assertive but not operationalised. The student should define what would count as “achieved” and specify the indicators for capacity and employment so the hypothesis can be tested against evidence rather than stated broadly.
Criteria B: Knowledge and Understanding
5/6
0
3
6
Criteria StrandsPro
B.1Application and relevance of source material
Good
B.2Knowledge of topic/discipline
Good
B.3Use of terminology and concepts
Good
Criteria Feedback
The student uses a wide range of relevant economic and policy evidence.
The student's understanding of the policy context is clear and coherent.
The student applies terminology such as externalities, subsidies, economies of scale, and multiplier effects with reasonable confidence.
Some evidence is applied too broadly or not precisely enough to the specific manufacturing question.
A few key concepts are used in ways that are not fully consistent or carefully distinguished.
Some numerical interpretation relies on measures that are not directly comparable.
2.1·Weakness
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This claim needs clearer evidence and tighter wording. The student appears to be mixing national module production with broader solar-sector capacity, and the “862 modules” figure is not meaningful as written. The analysis should distinguish manufacturing output from installed capacity.
2.2·Weakness
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The use of 41.2 GW here looks like installed capacity, not module-market output. That weakens the application of the diagram because the student is treating a stock of capacity as if it were the quantity supplied in the module market.
2.3·Suggestion
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It would strengthen the discussion to explain whether this cost fall applies to the same product category and whether it reflects PLI effects or broader market changes. That would make the source application more precise and avoid over-attribution.
2.4·Weakness
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This sentence overstates what the evidence can prove. The increase in national capacity does not by itself demonstrate PLI spillovers to non-beneficiaries, so the student should separate observed data from inferred causal mechanisms.
2.5·Weakness
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This is useful evidence, but it should be handled carefully because the source appears to report jobs “through PLI-supported investments” rather than independently verified causal jobs. The student should explain how this figure was obtained and what exactly it measures.
2.6·Weakness
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The regression claim is not methodologically secure because the dataset is extremely small and the variables do not appear to be directly comparable. The student should not present this as strong empirical evidence without a clearer dataset, controls, and explanation of what is actually being regressed.
2.7·Suggestion
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A clearer table title and a short note defining whether the figures are cumulative, annual, or projected would help readers interpret the data correctly. That would also make the employment comparison more transparent.
2.8·Weakness
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The student needs to be more careful here: a household rooftop subsidy scheme does not automatically guarantee absorption of PLI-produced modules, especially without evidence that the relevant modules are domestically sourced. The causal link is too strong as written.
Criteria C: Critical Thinking
11/12
0
6
12
Criteria StrandsPro
C.1Research quality and relevance
Moderate
C.2Analysis depth
Moderate
C.3Discussion and evaluation
Moderate
Criteria Feedback
The student builds a reasoned argument that weighs both positive and limiting effects of the policy.
The student goes beyond description by using calculations, diagrams, and multiple pieces of evidence to support their discussion.
The student evaluates causation carefully in places and recognises when the data cannot prove more than it does.
Some quantitative claims are not securely supported by the data sources behind them.
A few comparisons use measures that are not fully equivalent or directly comparable.
The student's final judgment would be even stronger if the key causal factors were ranked more explicitly.
3.1·Strength
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This is a strong conceptual foundation because it connects the policy to a genuine market failure and gives a clear rationale for government intervention.
3.2·Weakness
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The diagram explanation should more carefully distinguish the relevant curves and labels. As written, the reasoning risks confusing marginal private and social cost/benefit relationships, which weakens the conceptual accuracy of the externalities analysis.
3.3·Weakness
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This is a useful explanation of subsidy incidence, but the student should be more precise about the mechanism: the incentive is output-linked for qualifying manufacturers, not a blanket cost reduction for the whole sector. Precision matters because it affects how the diagram and conclusions should be interpreted.
3.4·Weakness
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The elasticity discussion is relevant, but it becomes conceptually weaker when it relies on a generic statement about capital intensity rather than evidence for the actual supply response under PLI. The student should connect the concept more directly to observed producer behaviour.
3.5·Strength
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This explanation shows clear conceptual understanding because it links economies of scale to a concrete cost mechanism rather than just naming the term.
3.6·Weakness
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This is a valuable confounding factor, but it should be used more analytically: the student should explain how much of the observed cost decline might plausibly be due to global input prices versus domestic policy, rather than simply listing the factor.
3.7·Weakness
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The multiplier logic is plausible, but it is not yet convincingly demonstrated. The student should show why this fiscal injection can be treated like standard demand-side spending and what assumptions are needed for that inference to hold.
3.8·Weakness
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This is an important evaluative point, but the analysis should be more explicit about its consequence. If import leakages are significant, the closed-economy multiplier used earlier is not just reduced; it may be inappropriate as the main numerical estimate.
3.9·Question
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What would this “shortfall” look like if the benchmark were changed from a fixed jobs-per-MW rule to employment verified from actual plant commissioning data? Thinking about that comparison would help test whether the benchmark is the right one.
3.10·Weakness
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This comparison is not fully valid because it sets a projected benchmark against a different employment measure without proving that both figures cover the same population or time period. The student should ensure the two series are directly comparable before calculating a realization rate.
3.11·Strength
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This is a strong evaluative move because it explains the data rather than merely restating it, showing the student can identify a plausible mechanism behind the employment lag.
3.12·Weakness
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The labour-market conclusion is plausible, but the GDP-growth claim is too broad and not adequately evidenced here. The student should distinguish between output growth, productivity growth, and employment growth, because they are not equivalent outcomes.
3.13·Weakness
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The labour-market diagram supports the idea of rising wages, but the conclusion that this means “no widespread job creation” is stronger than the diagram alone can justify. The student should connect the diagram to actual employment data or clearly present it as a theoretical possibility.
3.14·Weakness
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This is a sensible qualification, but it should be carried through the whole section. Earlier claims about regression trendlines and realization rates are stated too definitively, so the argument would be stronger if the cautious tone were consistent throughout.
3.15·Strength
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This is a strong evaluative statement because it recognises causation limits and avoids treating correlation as proof of exclusive impact.
3.16·Strength
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This is a clear and balanced conclusion because it directly answers the question while preserving nuance about the difference between capacity gains and employment outcomes.
3.17·Weakness
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This claim is not substantiated in the body of the investigation. If the student wants to use “statistical decomposition,” they need to show the method, variables, and results; otherwise the conclusion should be toned down to match the evidence actually presented.
3.18·Suggestion
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A useful next step would be to prioritise the two or three strongest causal factors and rank them by relative importance. That would make the final judgment more analytical and less list-like.
Criteria D: Presentation
3/4
0
2
4
Criteria StrandsPro
D.1Structure appropriateness
Excellent
D.2Layout and formatting
Excellent
Criteria Feedback
The student's report has a clear academic structure with a logical progression of sections.
Figures, tables, headings, and references are generally used well and help guide the reader.
The document is presented in a professional and readable way overall.
Some sections are longer or more detailed than they need to be relative to their relevance to the main argument.
A few visual elements and references could be formatted more consistently.
Some graphs and tables would benefit from brief explanatory notes to improve clarity at first glance.
4.1·Strength
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The report follows a clear academic structure, and the explicit methodology section helps the reader understand how the investigation will proceed.
4.2·Suggestion
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Consider ensuring that the bibliography format is fully consistent across all entries, especially in author names, punctuation, and access dates. Consistency improves readability and gives the report a more polished academic finish.
4.3·Strength
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This is a strong presentation choice because it signals a credible source base and makes the evidence trail easy to follow.
4.4·Strength
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The inclusion of a clearly labelled table strengthens presentation because it helps the reader track the employment calculations step by step.
4.5·Suggestion
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A short note under the figure explaining what each axis and line represents would make the comparison easier to interpret at a glance.
4.6·Strength
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This is well-presented factual support because it gives the reader concrete policy details that anchor the discussion in specific scheme outcomes.