how to write a good economics extended essay

IBDP Economics

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Updated 31 March 2024

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Introduction to the extended essay in economics

Many of you will be aware of the extended essay and what it includes. The extended essay consists of a 4000 (maximum) word essay on a topic of your choosing and concludes with a viva voce or short interview to confirm the candidates level of competence in the topic area chosen.  You are also required to provide two additional reflections during the process.

The extended essay provides you with the opportunity to demonstrate your knowledge on a particular topic or area of study and is chosen from a list of approved subjects.

Before starting work on the essay you are advised to complete the following tasks:

• Read the assessment criteria carefully.
• Where possible ask your teacher or IB coordinator to let you read previously completed essays in economics.  Many school libraries keep an archive of extended essays previously written by students.
• Work on a research question and discuss this with your supervisor.  This is a very important part of the process.  A good research question will go a long way to helping you towards a good finished essay.  A bad research question; one that is too broad in scope or where original data is difficult to obtain will make it significantly more difficult to achieve a high score in your finished essay.
• Decide how you will collect the research that you need for your essay and check the validity of this research with your supervisor.
• Write down a brief structure for your essay and discuss this with your supervisor before sitting down to write your essay.

How to choose a subject and research question to study?

The first piece of advice must be to pick a subject and a research question that is something you will enjoy researching and writing about. The EE involves a considerable amount of work - approximately 40 hours as an average.

In terms of selecting a research topic, why not ask the following question: ‘What is it that I am interested in?  What research question am I genuinely interested in finding out?’.  What topic(s) do I enjoy? 

What to do next?

Having completed all the preparation that you need, having written your research question and essay plan and had all of this approved by your supervisor you are ready to begin.

The essay should be no more than 4000 words in length but this does not include the following:

Contents page, acknowledgements, formulas, calculations, diagrams, tables, the bibliography, citations and references.

Essays can actually achieve a reasonable score just by following these simple rules:

• state the research question
• analyse your results
• discuss your results
• have a conclusion
• keep to about 4000 words
• present it well
• cite all sources appropriately.

What makes a good title in economics?

Opportunities for analysis

The topic that you chose should provide an opportunity for you to demonstrates some critical analysis of the information that is gathered. You should avoid any topic that depend entirely on summarizing secondary data, because this leads to an essay that is overly descriptive in nature.  A good way of making your essay more unique is to restrict the scope of the essay, so that it focuses on, for example, a specific business, area or demographic.

Suitable areas of economics

Macroeconomics topics can be chosen, but any research question must be narrowed to a particular part of the economy and is not on the economy as a whole.  An extended essay on economic development would be recommended but the research question would need to relate to a particular aspect of development or a limited area.  It would not be suitable, for example, to examine the effect of some government policy on the development of the whole economy.

The following are some examples of extended essay titles which are suitable for use an economics extended essay.  You will notice that each of these are locally based on an area in which the student is familiar and allow the candidate to investigate their own primary research, applying it to conventional economic theory.  You will also be expected to complete secondary research as part of their essay.  You should also formulate your own critical arguments as well as construct a conclusion, consistent with the findings displayed during the main body of the essay.

• What is the relationship between the volume of livestock and the wholesale price of meat in Erzurum county?
• The impact of the 2018 rise in minimum wage on employment levels in London’s catering and restaurant industry?
• What is the MPC (marginal propensity to consume) of guest workers working on a construction site in Singapore?
• To what extent do the ski lodge hotels in Palandoken practise John Nash’s game theory when setting prices during the tourist season?
• How has the declining value of the £ affected the Airbnb market in Leeds?
• What is the PED for tobacco products amongst different age groups in Istanbul, Turkey.  How might this influence government policy aimed at reducing consumption of tobacco products?

Final questions to ask yourself before deciding on your RQ

Before answering this question, consider how you might collect information to answer your question. For example, how confident are you that you can actually access the information? Remember that any information gained from businesses might be confidential. Some economic questions are also difficult to research because isolating the particular variable is difficult.

When conducting primary research you need to very clear about who your sample frame is going to be and can you get access to those people?  For instance when completing research on the viability of solar panels, your sample frame must be those potential purchasers e.g. those who own their own home with a roof large enough to accommodate it and not just your friends and family.

Can this topic be completed in 4000 words?

4,000 words may seem like a dauntingly large amount but you will be surprised how quickly the words go.  Some topics are far too broad in their scope to tackle in 4,000 words and some economic theory maybe too complex to cover adequately within the word limit.  Try to stay clear of topics more suited to essays in Business Management or Psychology and you will be disadvantaged, unless you also take those subjects as part of your Diploma. Some of these topics would be more suited to a multi-disciplinary approach of World Studies and combining Economics and Psychology.

You also need to be cognisant that this is a project where you should spend around 40 hours. For some topic it would be impossible to survey enough interested people, without giving up your entire summer vacation.

Is your topic academically rigorous enough?

One of the skills of writing the essay is connecting to an area of the syllabus with sufficient complexity so you can demonstrate your ability to critically evaluate and analyse like an economist. Remember that essays which are too descriptive are unlikely to score well.

For more information about completing an extended essay in economics including a sampler essay read the remainder of the pages in this section.

Candidates should expect to spend approximately 40 hours completing their essay.

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Economics Extended Essay Topics: 40+ Topic Ideas for You

by  Antony W

September 2, 2022

We’ve covered quite a lot on Economic EE in this guide . You now know the nature of this extended essay, its structure and the assessment criteria used. In this guide, we give you a list IB Economics Extended Essay topics.

We’re doing this for two reason:

• We want to help you make the topic selection process easy, so you don’t spend a lot of time on this.
• You scan the list and pick a topic that suits your interest, as long as you can come up with a relevant research issue to discuss in 4,000 words.

Economics Extended Essay Writing Help

As interesting as the Economics subject is, writing the 4,000-word Extended Essay may not be as easy.

You’ll need to invest time in topic selection, preliminary research, development of research issue, further research, and writing.

The whole process can be somewhat complex and sometimes intimidating. Here’s where our writing help comes in.

Help for Assessments  Extended Essay writers   are available for hire at an affordable price, and we offer the best writing help that you can find on the internet.

We will help you with topic selection if you haven’t identified one, develop the most relevant research issue, conduct in-depth research for your topic, and write your Economics Extended Essay.

By taking advantage of our writing help, you can worry less about how overwhelming the IB course is and focus on your reflection sessions instead.

Get in touch with us today and benefit from the flexibility of our writing service.

Best Economics Extended Essay Topics 

• Is it possible for a country's bankruptcy to bring on a financial crisis?
• In what ways do customers who have loans put themselves at danger of experiencing a financial crisis?
• In the field of economics, what do you think is the most effective technique to safeguard sensitive information?
• What is the connection between advertising on television and the expansion of a business?
• What kinds of ethical considerations should be made when it comes to marketing in the context of economics?
• How does the investment of commercial capital influence the growth of an economy in a particular nation?
• What kind of consequences does it have on the manufacturer when consumers boycott their goods?
• Should the duration of the typical workweek be increased for all employees?
• What are the contributions that unions make to the growth of the economy?
• What steps can the government take to boost employment in order to improve the state of the economy?
• How do we enhance the workforce so that we can raise the amount of items that we produce?
• What causes certain countries to develop quicker than others do? Or, why do certain nations have significantly higher income levels than others?
• Why do we see these things happening in this country? Or, how does the organizational make-up of a country influence its economic output?
• What factors contribute to shifts in a given economy throughout time? Alternatively, what factors contribute to economic expansion? Is it fair for countries to erect trade barriers against one another to shield their nascent industries?
• How reliant are scientific advancements and economic expansion on the accumulation of capital?
• Can a country be made to abandon its offensive policies or practices by use of economic sanctions?
• Is it more likely that countries would use dialogue to settle territorial conflicts rather than resorting to war?
• Does first-world countries benefit from third-world countries' debt?
• Is there a level playing field for developed and developing nations in international trade?
• How might a developing nation's economy be stimulated most effectively?
• When it comes to fostering democracy and peace, how effective are free markets and free trade?
• Is the upside of greater foreign investment enough to outweigh the downside of international capital flows?
• How much do you think wealthy nations' aid can do to alleviate poverty in the developing world?
• Whether or whether a market failure exists, and what form it takes
• Competition monopolization possibility
• Interference from the state in free market pricing
• Promotion's function in a free market economy
• To what extent do externalities have a role in the economic decisions made by consumers and producers?
• The impact of public goods on private industry
• The impact of taxes and subsidies on the economy
• The optimum amount of production for companies in a sector
• What causes market pricing for a product or service to fluctuate
• Efficiency against fairness: the market economy's trade-off
• The market mechanism through which prices for products and services are set
• Examining the infrastructures that provide data on a country's agricultural progress
• The rise of the freelance workforce and its effects on national economies throughout the world
• Urban planners in Dubai came up with ingenious strategies to construct a metropolis in the middle of a desert.
• What elements are most important to the retail productivity of cities?
• Is there any evidence to suggest that more teams that are expensive win more games?
• What sort of effect does a home club have on the economy of its city?
• Does the current problems of a sports team have anything to do with the fact that they don't have enough money?
• The globalization of the information technology sector and its ramifications for society and politics
• Slavery of the human body in third world countries because of globalization
• Exactly what function do banks serve in a free market economy?
• What effect do you think cryptocurrency will have on national economies?
• Consider the macro economy and conduct an analysis of the United States in 2007 (during the Great Recession) from that vantage point.
• Is there any correlation between homelessness and the national economy?
• In light of China's recent extraordinary economic development, what place will it play in the global economy?
• How do variables like inflation, GDP, tax rates, and consumer spending affect the U.S. stock market?
• Review the role that various macroeconomic factors play in the expansion of a country's economy and the impact that these variables have on that expansion.
• What impact has the COVID-19 epidemic had on economies throughout the world?
• Among the macroeconomic variables, which one do you think would have the most effect on a particular sector?
• Does the price of oil have any bearing on a country's gross domestic product?
• Analyze the causes and effects of inflation in the United States from a macroeconomic viewpoint.

Related Readings

• Business Management Extended Essay Topics
• Math Extended Essay Topics
• IB World Extended Essay

About the author 

Antony W is a professional writer and coach at Help for Assessment. He spends countless hours every day researching and writing great content filled with expert advice on how to write engaging essays, research papers, and assignments.

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Table of contents

Use our free Readability checker

The IB extended essay is a paper of up to 4,000 words that is required for students enrolled in the International Baccalaureate (IB) diploma program. The extended essay allows students to engage in independent research on a topic within one of the available subject areas.

The extended essay should be an original piece of academic writing that demonstrates the following student's abilities:

• Formulating a research question
• Conductig independent investigation
• Presenting key findings in a scholarly format.

Check out this article by StudyCrumb to discover how to write an IB extendend essay properly. We will give you a complete writing guide and critical tips you need for this essay type.

IB Extended Essay: What Is It?

An extended essay is independent research. Usually students choose a topic in consultation with a mentor. It is an integral part of the International Baccalaureate (IB) degree program. This means that you won't receive a degree without a successfully written paper. It requires 4,000-word study on a chosen narrow topic. To get a high score, you should meet all required structure and formatting standards. This is the result of approximately 40 working hours. Its purpose is giving you the opportunity to try independent research writing. It's approved that these skills are critical for student success at university. The following sections explain how to write an extended article with examples. So keep reading!  

Choosing a Mentor for Extended Essay

IB extended essay guidelines require supervisor meetings, totaling 3-5 hours. They include three critical reflections. A mentor won't write a paper instead of you but can help adjust it. So it is important to consult with them, but no one will proofread or correct actual research for you. In general, initially treat an essay as an exclusively individual work. So your role and contribution are maximal.

Extended Essay Outline

Let's take a look at how to write an extended essay outline. In this part, you organize yourself so that your work develops your idea. So we especially recommend you work out this step with your teacher. You can also find any outline example for essay . In your short sketch, plan a roadmap for your thoughts. Think through and prepare a summary of each paragraph. Then, expand annotation of each section with a couple more supporting evidence. Explain how specific examples illustrate key points. Make it more significant by using different opinions on general issues.  

Extended Essay: Getting Started

After you chose an extended essay topic and made an outline, it's time to start your research. Start with a complete Table of Contents and make a choice of a research question. Select the subject in which you feel most confident and which is most interesting for you. For example, if at school you are interested in natural science, focus on that. If you have difficulties choosing a research question, rely on our essay topic generator .

Extended Essay Introduction

In the introduction of an extended essay, present a thesis statement. But do it in such a way that your readers understand the importance of your research. State research question clearly. That is the central question that you are trying to answer while writing. Even your score depends on how you develop your particular research question. Therefore, it is essential to draw it up correctly. Gather all relevant information from relevant sources. Explain why this is worth exploring. Then provide a research plan, which you will disclose further.  

Extended Essay Methodology

In accordance with extended essay guidelines, it's mandatory to choose and clearly state a methodological approach. So, it will be apparent to your examiner how you answered your research question. Include your collection methods and tools you use for collection and analysis. Your strategies can be experimental or descriptive, quantitative or qualitative. Research collection tools include observations, questionnaires, interviews, or background knowledge.

Extended Essay Main Body

Well, here we come to the most voluminous part of the extended essay for IB! In every essay body paragraph , you reveal your research question and discuss your topic. Provide all details of your academic study. But stay focused and do it without dubious ideas. Use different sources of information to provide supporting arguments and substantial evidence. This will impress professors. For this section, 3 main paragraphs are enough. Discuss each idea or argument in a separate paragraph. You can even use supporting quotes where appropriate. But don't overcomplicate. Make your extended essay easy to read and logical. It's critical to stay concise, so if you aren't sure how to make your text readable, use our tool to get a readbility test . Following the plan you outlined earlier is very important. Analyze each fact before including it in your writing. And don't write unnecessary information.

Extended Essay Conclusion

Now let's move on to the final part of IB extended essay guidelines. In conclusion, focus on summarizing the main points you have made. No new ideas or information can be introduced in this part. Use conclusion as your last chance to impress your readers. Reframe your own strong thesis. Here you must show all key points. Do not repeat absolutely every argument. Better try to make this part unique. This will show that you have a clear understanding of the topic you have chosen. And even more professional will be recommendations of new areas for future research. One good paragraph may be enough here. Although in some cases, two or three paragraphs may be required.

Extended Essay Bibliography & Appendices

To write an impressive extended essay, you should focus on appropriate information. You must create a separate page for bibliography with all sources you used. Tip from us: start writing this page with the first quote you use. Don't write this part last or postpone. In turn, appendices are not an essential section. Examiners will not pay much attention to this part. Therefore, include all information directly related to analysis and argumentation in the main body. Include raw data in the appendix only if it is really urgently needed. Moreover, it is better not to refer to appendices in text itself. This can disrupt the narrative of the essay.  

Extended Essay Examples

We have prepared a good example of an extended essay. You can check it by downloading it for free. You can use it as a template. However, pay attention that your paper is required to be unique. Don't be afraid to present all the skills you gained during your IB.

Final Thoughts on IB Extended Essay

In this article, we presented detailed IB extended essay guidelines. An extended essay is a daunting academic challenge to write. It is a research paper with a deep thematic analysis of information. But we have described several practical and straightforward tips. Therefore, we are sure that you will succeed!

If topics seem too complex, turn to our top essay writers. They will accomplish any IB assignment in the best way your professor can evaluate it!  

Daniel Howard is an Essay Writing guru. He helps students create essays that will strike a chord with the readers.

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Extended Essay: Step 5. Draft a Research Question

• Extended Essay- The Basics
• Step 1. Choose a Subject
• Step 2. Educate yourself!
• Using Brainstorming and Mind Maps
• Identify Keywords
• Do Background Reading
• Define Your Topic
• Conduct Research in a Specific Discipline
• Step 5. Draft a Research Question
• Step 6. Create a Timeline
• Find Articles
• Find Primary Sources
• Get Help from Experts
• Search Engines, Repositories, & Directories
• Databases and Websites by Subject Area
• Create an Annotated Bibliography
• Advice (and Warnings) from the IB
• Chicago Citation Syle
• MLA Works Cited & In-Text Citations
• Step 9. Set Deadlines for Yourself
• Step 10. Plan a structure for your essay
• Evaluate & Select: the CRAAP Test
• Conducting Secondary Research
• Conducting Primary Research
• Formal vs. Informal Writing
• Presentation Requirements
• Evaluating Your Work

RQ Resources

On this page you can find help with developing your preliminary research question.  See: 

Steps to Developing a Research Question

Sample research questions.

Practice Exercise:  Formulating Well-Focused Research Questions

IB Command Terms and Glossaries

• Research Question Formats for History Extended Essays

You've chosen a subject and topic that interests you, and carried out some preliminary reading.  What are the next steps ?

Evaluate the question.   Once you have posed possible research questions you should evaluate them.  This evaluation should be based on whether the question is clear , focused , and arguable .

• Clear  - Will the reader understand the nature of my research?  Will it direct the research being undertaken?
• Focused - Will the research question be specific enough to allow for exploration within the scope of the task (that is, the number of words and time available)?
• Arguable - Does the research question allow for analysis, evaluation and the development of a reasoned argument?

Consider research outcomes.   Once you have decided on a provisional research question you should start thinking about the direction your research might take.  You could do this by:

• suggesting possible outcomes of your research
• outlining the kind of argument you might make and how your research might support this
• considering options if the research available is not sufficient to support a sustained argument

The table below gives some examples showing the difference between unclear and unfocused research questions and those that are appropriately clear and focused, lending themselves to in-depth research.  

Practice exercise: Formulating well-focused research questions

Twelve-step plan for researching the extended essay - step 5.

5.  Formulate a preliminary research question.  Try to incorporate an IB command term in the research question if possible.

IB Command Terms & Glossaries

Command terms are the key terms and phrases used in examination questions for IB classes.  The lists below give the terms, and definitions, for specific IB subjects.

  These lists are glossaries of terms used in film and dance.

Students writing History Extended Essays can use these formats to help write research questions on their topics.

• << Previous: Conduct Research in a Specific Discipline
• Next: Step 6. Create a Timeline >>
• Last Updated: Feb 2, 2024 1:39 PM
• URL: https://libguides.westsoundacademy.org/ee

IB Study Tips

August 29, 2023

How to structure Economics Extended Essay

As a student in the IB Diploma Programme, you must write a 4,000-word independent essay on a topic you choose. In economics, this essay lets you research more deeply. You can study something you’re interested in and that’s important for academics.

By doing this essay, you will:

• Improve your research skills.
• Use economic ideas to understand real-world situations.
• Judge the results of your research.

You’ll need to work about 40 hours on this essay, with help from a school supervisor. The end product should be a clear, well-organized essay that answers your research question.

To do well in this economics essay, you should be willing to learn more through research. Finding good data that fits your question and theory is important. This often means reading academic articles beyond your regular economics studies.

Topic Selection

When you’re picking a topic for your economics extended essay (EE), choose something from the syllabus that really interests you. Build your essay on the basic ideas of economics, and use them to explore a topic you’re passionate about. Use the economic theories, tools, and techniques you’ve learned in your IB economics classes to study your chosen topic.

As you decide on your economics EE topic, remember these things:

• Stay away from history: Pick a topic and question that are about economic things from the last five years.
• Make sure it works with economic ideas: Your question should be something you can answer using economic theories and ideas.
• Allow for careful thinking: Your chosen topic should let you look closely at the information you collect.
• Keep it clear and focused: While staying clear, your essay should also show how well you understand economics, analyze things, and make judgments.

Crafting a Research Question

Once you’ve found a good topic, the next step is to make a clear and specific question for your extended essay (EE). This question should really focus on economics and not go into other subjects. If your question doesn’t connect well with economic ideas, it can make it hard to think deeply and look at things carefully. So, it’s important to use economic theories in how you deal with the information you find, to meet the requirements of the economics EE.

Here are some examples of good research questions (all follow the rule of being about things from the last five years for the economics EE):

• How do inflation and interest rates affect a country’s economy?
• Compare price elasticity and demand elasticity.
• What makes supply and demand change?
• Explain the idea of market balance.
• What causes consumer prices to rise in China?
• What is the Matthew Effect and how does it relate to social investment?
• Look at trade models involving different types of businesses, growing productivity, and trade connections.
• How are salary levels connected to ‘economic convergence’ in the United States?
• Compare how people in the United States and China have spent money over the last 20 years.
• What does it mean to have a Cashless economy?

Collecting data

If you want to do original research on any topic in microeconomics, macroeconomics, or the global economy, that’s a great idea! Just make sure that your topic hasn’t already been studied in books or other sources.

For microeconomics, you can do your own research by asking people questions. You can talk to teachers, reporters, government workers, or business people. Just make sure their answers fit with your research question. But remember, you don’t have to use your own research for your essay.

On the other hand, if your essay is about macroeconomics or the global economy, you’ll probably use information that’s already been gathered. You can get this information from academic papers, government papers, numbers collected by different groups, and articles in newspapers, magazines, or online. Sometimes, old records can help too. For these types of essays, using the right information is really important. You’ll need to use this information to build strong arguments that answer your research question. Make sure not to just repeat what others have said.

Analysis and Evaluation

Effectively delving into analysis transpires when the gathered information is scrutinized through the lens of pertinent economic theories. Throughout the entirety of your extended essay (EE), the integration of pertinent economic theories, models, and tools should seamlessly intertwine with the evidence garnered from your research. An avenue for showcasing critical analysis and evaluation lies in skillfully assessing the applicability and relevance of relevant economic theories in the context of your chosen topic and in addressing the research question at hand.

Caution should be exercised to abstain from asserting knowledge claims anchored in economic theories, models, or tools if meaningful connections to the selected topic and research question cannot be established. A paramount characteristic of highly effective essays is their adept utilization of supporting data or evidence to consistently address the specific research question.

Noteworthy is Criterion C of the assessment criteria, necessitating the explicit inclusion of conclusions for individual points of analysis. This underscores the importance of incorporating interim conclusions within your work, rather than confining them solely to a distinct section at the essay’s conclusion.

Demonstrating a critical awareness concerning the validity of collected and employed information is crucial. For instance, the inclusion of theories and diagrams within the essay demands support from critical and reflective thought processes. When formulating arguments, it’s incumbent upon you to manifest an awareness of your research’s limitations and the inherent imperfections within the economic theories and assumptions of the utilized models. This can be achieved through the critical assessment of the degree to which economic theory elucidates or falls short in explaining the realities associated with your researched topic.

Additionally, it’s prudent to note that throughout your essay, consistent demonstration of critical awareness regarding secondary information (and primary sources, if employed) is requisite. This demonstration should span the entirety of the essay, rather than being relegated solely to its conclusion.

Structure of the essay

• Title of the essay.
• Research question (phrased as a question).
• Subject for which the essay is registered.
• Word count declaration.
• Table of Contents

Introduction

• Introduce the topic and its relevance to economics.
• Present the research question.
• Outline the scope and purpose of the essay.
• Establish the significance of the research question within the field

Body of the essay

• Explain the research methods used (e.g., primary research, secondary research).
• Detail data collection techniques (surveys, interviews, secondary data sources).
• Justify why these methods were chosen and how they contribute to answering the research question.
• Present your findings from the research.
• Apply economic theories and models to analyze the data
• Use charts, graphs, and other visuals to support your analysis.
• Connect the findings to the research question.
• Interpret the results in the context of the research question.
• Compare and contrast your findings with existing literature.
• Address any limitations or challenges encountered during research.
• Discuss the implications of your findings in terms of economics.
• Summarize the main points of your essay.
• Answer the research question based on your analysis.
• Reflect on the significance of your findings and their implications.
• Address any limitations and suggest areas for further research.

List all sources cited in your essay, following a specific citation style (e.g., APA, MLA).

Include any additional material that supports your analysis (e.g., survey questions, interview transcripts, data tables).

Remember that the structure may vary slightly depending on your specific research topic and approach. Always refer to the guidelines provided by your school and the International Baccalaureate (IB) organization.

For those seeking excellence in their economics extended essay journey, QE is with you every step. Beyond resources and guidance, we offer tailored intensive adhoc classes. These specialized sessions will empower you with the tools and strategies to confidently tackle your economics extended essay.

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Example essays

The International Baccalaureate® (IB)  programme resource centre,  a key resource for educators at IB World Schools, includes several examples of  extended essay titles .

These highlight the diverse range of topics covered by International Baccalaureate® (IB) Diploma Programme (DP) students during their extended essays.

Some examples are:

• “An analysis of costume as a source for understanding the inner life of the character”
• “A study of malnourished children in Indonesia and the extent of their recovery after a period of supervised improved nutrition.”
• “Doing  versus  being: language and reality in the Mimamsa school of Indian philosophy.” 
• “The effects of sugar-free chewing gum on the pH of saliva in the mouth after a meal.”
• “To what extent has the fall in the exchange rate of the US dollar affected the tourist industry in Carmel, California?”
•  “What level of data compression in music files is acceptable to the human ear?”

Also available in the programma resource centre , the Diploma Programme Assessment Procedures has guidance on choosing a subject for the extended essay.

The PRC is only available to existing IB World Schools.

You can also purchase examples of essays in the IB Store . These essays fulfil the requirements for an ‘A’ grade in the extended essay.

If your school is not one already, learn how to become an IB World School  in order to implement the DP.

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Extended Essay Writers

How to Write an Economics Extended Essay? A Complete Guide

Luke MacQuoid

Today, I’d love to share my insights on how to make an impressive Economics extended essay. According to general IB criteria, it’s about showcasing your knowledge and getting into your topic. So, where should you start?

Introduction to the Economics Extended Essay

From my experience, the extended essay is your chance to demonstrate critical thinking, research skills, and genuine interest in your subject. And believe me, there’s no better subject than Economics to showcase these abilities. Why? Well, economics constantly interacts with our daily lives, influencing our decisions and shaping our world.

The International Baccalaureate (IB) Economics extended essay has a maximum word count of 4,000 words. However, some sections are not included in it:

• The abstract.
• Footnotes and endnotes.
• Bibliography or works cited.
• Appendices.

Students must adhere to this word limit to avoid potential penalties in the assessment process. Always double-check the specific requirements and guidelines provided by the IB and your school to ensure compliance.

All Economics Extended Essay Features

Based on both general IB criteria and my experience with the IB program, here are some key features of an Economics extended essay:

• The research question should be sharply focused and relevant to economic theory. Ideally, the question will address microeconomic and macroeconomic perspectives, but it could focus solely on one.
• The essay should not just be descriptive but should apply relevant economic theories or concepts. For instance, if the topic is about market structures, discussing monopoly, oligopoly, perfect competition, etc., using supply and demand graphs and even mathematical calculations is apt.
• An Economics essay should be rooted in real-world data. It could involve case studies, statistical data, or surveys. Analyzing this data in the context of the chosen topic is vital.
• More than merely presenting data is required. The student should analyze, interpret, and evaluate the data in light of their research question. It involves discussing the data’s implications, limitations, and potential biases.
• Students should cite various sources , including textbooks, journal articles, news articles, and interviews. This section is crucial to demonstrate the depth and breadth of the research undertaken.
• The essay should reflect critical thinking by considering different viewpoints and assessing the strengths and weaknesses of arguments.
• If primary research is conducted, such as surveys or interviews, the student should consider the ethical implications and ensure that participants’ rights and confidentiality are respected.

In conclusion, an Economics extended essay requires a blend of theoretical knowledge, practical data analysis, and a deep understanding of the economic landscape. It’s a rigorous academic exercise, but it can be rewarding for IB students with the right approach and passion.

Choosing the Right Topic for Your Economics Extended Essay

Every IB student faces an age-old question: “Which topic should I choose for my Economics extended essay?” I’ve been there, and as someone who has spent considerable time around the IB system, I understand the gravity of this decision. With many potential IB extended essay Economics topics floating around, the choice can be overwhelming.

However, based on my insights, always let your passion guide you. Don’t just chase complex or trendy topics; ensure you are genuinely interested in the subject. The most insightful extended essay Economics ideas are often birthed from personal experiences or recent events that resonate with you. These subjects can provide a fresh perspective and often yield profound insights.

Aligning with Personal Interest

The world of Economics is vast and varied. From the ebbs and flows of international trade to the microcosm of local markets, a topic can kindle anyone’s curiosity. In my opinion, the passion with which you approach your subject can be a game-changer. An inspired researcher will undoubtedly dig deeper with more zest, leading to more significant insights. Remember those moments when a particular news headline about economic reforms or market shifts caught your attention? Therein might lie your perfect topic!

Feasibility and Scope

However, enthusiasm alone isn’t enough. From my experience, the feasibility of your chosen topic is paramount. You might be fascinated by a niche area of economics, but if there’s a shortage of research material or data, you could find yourself in a tricky spot. It’s balancing choosing a subject you love and ensuring enough information exists to support your claims. The general IB criteria prioritize evidence-based arguments, so having ample resources is crucial.

Here are some potential topics to consider:

• The impact of Brexit on the UK’s economic landscape.
• The economic implications of the gig economy.
• Green economics: The cost and benefits of sustainable energy.
• The influence of cryptocurrency on traditional banking.
• A study on the wage gap: Factors and future implications.
• The economic aftermath of the COVID-19 pandemic.
• Fast fashion and its economic and environmental costs.
• A comparative analysis of universal basic income models.
• The role of microfinance in developing economies.
• Economic consequences of population aging in Japan.
• The effects of automation and AI on employment rates.
• Tourism economics: A case study on [specific country or region].
• Price discrimination in online retailing.
• Economic challenges and opportunities of hosting the Olympics.
• The role of government interventions in preventing economic recessions.

Choosing a topic for your Economics extended essay is a significant first step in wrapping up. Take your time to follow your interests, but always be practical in ensuring you have the resources and scope to produce an insightful paper.

Structuring Your Essay: How to Get the Highest Grade

Once you’ve picked a topic, the next step is understanding how to structure an Economics extended essay.

Crafting a Strong Introduction

From my years around the IB community, I’ve seen countless essays; trust me, first impressions count! Your introduction is more than just a paragraph — it’s your audience’s first taste of your work. Start by setting the context; why did you choose this topic? What relevance does it have in today’s world?

Then, concisely present your research question. This initial clarity not only piques the interest of your reader but also firmly establishes the path you’re about to tread upon. An introduction is like the cover of a book; it should invite the reader to turn the page.

Building a Compelling Body

In this section, you lay out your arguments, analyses, and findings. Each paragraph should have a distinct point seamlessly linked to the next. But how do you ensure your ideas hold water? The answer is evidence. Whether it’s data from renowned economic journals, findings from credible institutions, or even case studies, always back up your claims. Here are a few additional tips:

• Clarity is Key . Use concise and clear language. Avoid jargon unless necessary, and always explain complex concepts.
• Stay Objective . While it’s okay to have a stance, ensure your essay is balanced, considering various perspectives and counterarguments.
• Proofread . A simple yet often overlooked step. Ensure your essay is free from grammatical errors and is coherently structured.

Using good sources for an Economics extended essay is like constructing with quality bricks; it strengthens your narrative. Remember to not just present data but interpret it. Ask yourself, “What story is this data telling? How does it relate to my research question?” From my experience, this analytical approach differentiates good essays from great ones.

Concluding with Impact

In my opinion, a conclusion is not an end but a new beginning. Instead of a mere summary, offer your readers a fresh insight or a different perspective based on your findings. It may raise additional questions that future researchers might consider. What are the broader implications of your research in the grand scheme of things? A firm conclusion leaves a lasting impression, making readers reflect upon your work long after reading.

Tips and Tricks for a Stellar Extended Essay

From my experience, a few strategies can improve your paper. While good extended essay topics for Economics are crucial, how you present them is equally vital.

Need help with your IB extended essay?

From research and analysis to structuring and editing, our skilled mentors will be by your side, helping you craft an exceptional extended essay that not only meets the wordcount and stringent IB criteria but also reflects your passion for selected IB group .

Engaging Your Audience

One thing becomes crystal clear: the importance of connection. Your examiners sift through many essays, so what can make yours memorable? Originality, yes, but also the art of storytelling. Incorporate real-life examples and thought-provoking questions that give a human touch to economic theories. Each paragraph should pull the reader into the next, creating a seamless flow of ideas. Remember, it’s not just about what you say but how you say it.

Ensuring Originality

The heart and soul of the IB program lie in its emphasis on original thought. Plagiarism is a strict no-no, but originality goes beyond that. It’s about showcasing your unique perspective, analytical prowess, and personal reflections. While secondary research will form the backbone of your essay, your interpretations, conclusions, and insights should stand out, offering a fresh perspective on a well-trodden topic.

Critical Evaluation

Always question your sources and the data you encounter. Instead of accepting information at face value, get into its implications, biases, and limitations. Critical evaluation showcases your ability to think beyond the obvious and challenges the status quo, a trait highly valued in the IB criteria.

Crafting a remarkable Economics extended essay is no small feat. But with passion, the right resources, and a clear structure, it’s an enriching experience. So, to all budding economists, I wish you the best of luck on this academic adventure!

This article serves as a guide, combining my years of experience as an IB tutor at ExtendedEssayWriters.com with essential tips to help students write a stellar Economics extended essay . Remember, the path is as significant as the destination!

Luke MacQuoid has extensive experience teaching English as a foreign language in Japan, having worked with students of all ages for over 12 years. Currently, he is teaching at the tertiary level. Luke holds a BA from the University of Sussex and an MA in TESOL from Lancaster University, both located in England. As well to his work as an IB Examiner and Master Tutor, Luke also enjoys sharing his experiences and insights with others through writing articles for various websites, including extendedessaywriters.com blog

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Guide to the IB Extended Essay in 2024

January 24, 2024

If you’re an International Baccalaureate student getting ready to write your IB Extended Essay, you might be experiencing some very understandable trepidation. But have no fear—we’re here to help you understand what’s required of you, how to plan ahead (IB extended essay topics), and how you’ll be graded (IB extended essay rubric). Keep reading for a good dose of preparation and confidence before you begin the journey. In this article, we’ll cover:

What is the IB Extended Essay?

The ib extended essay—required content, ib extended essay topics.

IB Extended Essay—Sample Essays

IB Extended Essay Tips

Ib extended essay rubric, ib extended essay—more resources.

The IB Extended Essay is a 4,000-word paper that asks you to immerse yourself in research and academic writing. A required part of the IB program, the Extended Essay is a chance to dig deep into a topic that fascinates you.

Although it’s no small task, the IB Extended Essay is an opportunity to gain practical research and writing skills that will come in handy again in college. As you write, you’ll learn how to:

• Identify credible sources
• Formulate a research question and limit your scope of research
• Communicate ideas to an audience
• Develop a well-supported argument

The IB Extended Essay is largely an independent, self-directed project, but don’t worry—the IB program doesn’t throw you into the deep end. You do get to select a mentor (usually a teacher at your school) to help guide you through the process. As you write, you’ll be required to meet with your mentor three times. As part of your final evaluation, your mentor will interview you in a final reflection section called a viva voce . During the viva voce, your mentor will check for plagiarism and malpractice, ask you to reflect on challenges and difficulties, and prompt you to discuss what you’ve learned through the research and writing process. Your mentor will then generate a report that factors into your final grade.

Your final essay must include the following:

• Contents page
• Introduction
• Body of the essay
• References and bibliography

For this essay, it will be up to you to generate a topic; the International Baccalaureate does not provide prompts. However, your essay will need to fit within one of six provided subject areas . You’ll choose from the following list of IB Extended Essay Topics:

• Language and literature
• Language acquisition
• Individuals and societies
• Mathematics

IB Extended Essay Topics (Continued)

At a glance, the subject areas might look limited, but the topics you can choose to write about are actually wide-ranging. The “Individuals and societies” category includes social science topics like economics, history, world religions, and philosophy. And, if you’re leaning toward “Science,” you can choose from classic subjects such as biology, chemistry, and physics, or related topics like environmental systems or health science, among others.

The IB also offers a special “World Studies” option for students interested in researching global issues. This subject would allow you to center your writing on global issues such as migration, global health, cultural exchange, or climate change.

Wondering what an outstanding IB Extended Essay looks like? The International Baccalaureate provides quite a few sample student essays online . Here are five essays that earned A grades.

Language and literature: An exploration of an aspect of the narrative voice in Vladimir Nabokov’s Lolita

Environmental Systems and Societies: The economic impact of the 1995 reintroduction of grey wolves to Yellowstone National Park

Psychology: To what extent do social networking sites (SNS) usage lead to experience of anxiety in adolescents?

Music: Composition techniques in the 1st movement of Johannes Brahms’s Symphony No. 2, Op. 73

Business Management: Corporate Culture at Oracle

1) Pick something you’re passionate about

As you can see from the titles above, the IB Extended Essay is a great place to delve into a niche topic that fascinates you. Since you’ll be spending many months on this essay, you’ll want to pick a topic you genuinely enjoy spending time learning about. It’s also smart to choose something you’ve already learned about in your IB classes so that you have a strong foundation of knowledge to start with. In music class, do you love pondering why music makes us feel a certain way? Maybe an essay about music theory will keep your gears turning. Do you come alive trying to solve seemingly impossible problems in physics class? Now’s your chance to put those equations into action.

Since this essay is all about your academic interests, it’s also a good idea to pick a topic that’s relevant to what you plan to study in college. Selecting a relevant topic will provide you with significant exposure to the field and will also give you something meaningful to talk about in your college admissions essays.

2) Limit your scope

What’s the meaning of life? Why do wars happen? What is time? Some questions are just way too big to answer, and your IB Extended Essay is not a good place to tackle expansive, philosophical questions. Instead, think of this essay as a place to investigate one piece of a big question. If, let’s say, you’re generally interested in what helps women reach positions of leadership in business, this is a good place to examine how one or a few companies approach this issue. Or, if you’re interested in studying what inspires surrealist painters, you’ll want to pick one or a few painters to research, likely all from the same time period. For both these topics, you’d need a whole textbook to tackle the full question, but limiting your scope will make it much easier to write a clear and cohesive 4,000 words.

On the other hand, it’s possible to narrow your focus too much. It would be impossible, for example, to write 4,000 words about a single sentence in a novel. Make sure you talk about scope early and often with your mentor. Together, you can find the perfect Goldilocks scope for your project that’s not too big and not too small.

3) Choose a good mentor

Speaking of mentors, choosing wisely will help you enormously as you embark on your IB Extended Essay. You’ll want to make sure you choose someone with existing knowledge in your research topic. Your English teacher may be able to give you great writing advice, for example, but they won’t be able to guide your research and scope if you’re writing about marine animals or modern dance.

Before you approach a teacher, make sure you have at least one topic idea (or even a few ideas) in mind so that you can make sure they’ll be a good fit to supervise your project. When you meet with them, find out what their mentorship style is like. Make sure they’ll have time to read several drafts of your essays, meet with you a few times, and give you feedback. Some IB schools will require your IB Extended Essay mentor to sign an agreement form too, so make sure you find out what paperwork is required in advance.

4) Get organized, way organized

The IB Extended Essay is not something you can crank out the night before it’s due. The essay is meant to be a substantive, in-depth, thoughtful, and thoroughly researched analysis, and Rome simply isn’t built in a day. This might be the longest paper you’ve written to date, and this project might require more research than you’ve been asked to do before. Timelines vary by school, but you’ll likely spend between eight months and a year working on your IB Extended Essay. So, how will you pull it all off? For these 8-12 months, organization will be your guiding light. We recommend you:

• Get started early. If your essay is due November of your senior year, start generating topic ideas during your junior year right after winter break.
• Create a long-view schedule for yourself. What will you accomplish each month of your process?
• Give yourself deadlines. Once you choose a mentor, suggest 2-3 draft deadline dates so that you will be held accountable throughout the writing process.
• Find a note-taking system that works for you. You’ll be reading many articles and books and it’s hard to keep track of all your sources. Create a document or spreadsheet where you keep track of the sources you’ve found and check them off as you read. As you finish reading a text, type up important quotes and a few notes explaining how it connects to your topic and to your other texts.

5)Write a messy first draft

Writing never comes out perfect the first time, even for New York Times bestselling authors and the most experienced researchers. In your first draft, give yourself permission to get all your thoughts out, no matter how unstructured or rambling they are. Call this your brainstorming draft. When you’re ready to revisit it, see what patterns emerge, what common ideas you can group together, what beginning buds of ideas you can make bloom into full-fledged analysis.

6) Communicate for an audience

When you’re used to producing writing that only your teacher reads, it can be hard to remember to write for an audience. But at the end of the day, writing is communication , and the best writing is clear and thorough communication that anyone could pick up and read. For your IB Extended Essay, you’ll want to remember that many people will be reading your final essay, and not all of them will be experts in the niche topic you choose to study. Ask yourself: how can I explain my research to an audience who doesn’t already agree with my analysis?

To communicate to an audience, you’ll want to:

• Provide lots of general background information on your topic.
• Don’t assume your reader is familiar with your sources. Introduce them as if they’re guest speakers about to walk up to a podium and deliver a lecture.
• After including quotes, facts, and figures, be sure to explain what those sources mean in your own words and how they connect to your bigger-picture argument.
• Don’t assume your arguments are self-evident. In this essay, communicating for an audience means supplying ongoing interpretation and analysis, even if it feels like you’re explaining the obvious. Your reader isn’t on your research journey with you, so your points might not be so obvious to your reader.

Although your IB Extended Essay provides a report that factors into your grade, your essay will also be assessed by external examiners the IB. Per the IB Extended Essay Rubric , essays are graded on a scale from 0 to 34 based on 5 different criteria:

• Criterion A: Focus and Method (6 points maximum)
• Criterion B: Knowledge and Understanding (6 points maximum)
• Criterion C: Critical Thinking (12 points maximum)
• Criterion D: Presentation (4 points maximum)
• Criterion E: Engagement (6 points maximum)

As you can see, Critical Thinking is the most significant rubric category. This means that the IB wants to see you arrive at your own unique analysis of your topic, drawing connections between sources and data, and making well-supported arguments. This means they want a lot of you: your ideas, your interpretations, your thoughts. Make sure you emphasize that in your essay, but of course don’t forget the other categories.

The score a student receives corresponds to a letter grade scale that is slightly different than what we’re accustomed to in the U.S. Here’s the letter grade to numerical score breakdown:

You must earn a D or higher to receive your IB Diploma. To learn more about the different criteria included in the IB Extended Essay Rubric, you can explore the IB’s full guide to the Extended Essay .

We hope you found our look at the IB extended essay rubric and IB extended essay topics to be helpful. Ready to dive into research? You may want to read our 10 Expert Tips for Improving Reading Comprehension before you hit the books.

And if you’re a high school student in the process of mapping out your pathway to college, take a look at a few other useful guides:

• IB vs AP—Which Classes are Best for College Admission?
• How to Earn College Credit in High School
• High School Course Requirements for College Admission
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• ACT Score Calculator 
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Christina Wood

Christina Wood holds a BA in Literature & Writing from UC San Diego, an MFA in Creative Writing from Washington University in St. Louis, and is currently a Doctoral Candidate in English at the University of Georgia, where she teaches creative writing and first-year composition courses. Christina has published fiction and nonfiction in numerous publications, including The Paris Review , McSweeney’s , Granta , Virginia Quarterly Review , The Sewanee Review , Mississippi Review , and Puerto del Sol , among others. Her story “The Astronaut” won the 2018 Shirley Jackson Award for short fiction and received a “Distinguished Stories” mention in the 2019 Best American Short Stories anthology.

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Economics Extended Essay Topic Ideas for IB Students

Table of contents

• Writing Metier

The International Baccalaureate Extended Essay in Economics can cover a wide range of topics. However, the choice of topic must enable the student to apply a range of economic theories and concepts to address a research question. 

This will be a long read, but everyone will likely find a good idea of the topic and research question for their Economics extended essay.

Extended essay in Economics topic categories

The IB Economics EE is expected to demonstrate a good understanding of the subject and the application of economic theory to real-world situations .

Btw…if you need assistance, you can always count on our extended essay writing service at Writing Metier. We will help you with your Economics extended essay.

Here are 12 potential categories for IB Economics Extended Essay topics:

• Market Structures (e.g., Monopolies, Oligopolies)
• Market Failure (e.g., Externalities, Public Goods)
• Elasticity (e.g., Price Elasticity of Demand/Supply)
• Economic Cycles (e.g., Business Cycles, Economic Growth)
• Fiscal Policy (e.g., Government Spending, Taxation)
• Monetary Policy (e.g., Interest Rates, Money Supply)
• Trade Policies (e.g., Tariffs, Trade Agreements)
• Exchange Rates (e.g., Currency Fluctuations, Foreign Exchange Markets)
• Balance of Payments (e.g., Current Account, Capital Account)
• Measures of Development (e.g., GDP, HDI)
• Poverty and Inequality (e.g., Income Distribution, Poverty Alleviation Strategies)
• Sustainable Development (e.g., Environmental Sustainability, Social Sustainability)
• Consumer Behavior (e.g., Bounded Rationality, Heuristics)
• Nudge Theory (e.g., Choice Architecture, Incentives)
• Market Behavior (e.g., Bubbles, Herd Behavior)
• Wage Determination (e.g., Minimum Wage, Bargaining)
• Labor Markets (e.g., Unemployment, Labor Mobility)
• Human Capital (e.g., Education, Training)
• Resource Management (e.g., Renewable Resources, Conservation)
• Environmental Policies (e.g., Carbon Tax, Emissions Trading)
• Cost-Benefit Analysis (e.g., Environmental Impact Assessments)
• Healthcare Systems (e.g., Insurance, Public vs. Private Provision)
• Health Outcomes (e.g., Life Expectancy, Quality of Life)
• Health Policies (e.g., Regulation, Subsidies)
• Government Expenditure (e.g., Public Goods, Welfare)
• Taxation (e.g., Progressive vs. Regressive Taxes)
• Fiscal Federalism (e.g., Central vs. Local Government Finance)
• Firm Behavior (e.g., Mergers, Acquisitions)
• Market Regulation (e.g., Antitrust Laws, Competition Policy)
• Innovation and Technology (e.g., R&D, Patents)
• Financial Markets (e.g., Stock Markets, Bond Markets)
• Financial Instruments (e.g., Derivatives, Futures)
• Financial Regulation (e.g., Banking Regulation, Financial Crises)
• Economic Thought (e.g., Classical, Keynesian)
• Economic History (e.g., Historical Economic Development, Historical Crises)
• Methodological Issues (e.g., Econometrics, Qualitative vs. Quantitative Analysis)

Each of these categories can be further refined into specific research questions suitable for an extended essay . Below, I’ll be providing some ideas for your ease.

The choice of topic should be such that it allows for a systematic investigation that can be effectively analyzed using economic theories and data. 

It’s also essential to ensure that the topic is narrow enough to be addressed within the word limit and broad enough to allow for an in-depth analysis.

Economics IB EE Topic Ideas and Research Questions

Starting with Microeconomics, we’re zooming in on the nitty-gritty of individual markets and how they tick. 

Microeconomics Topics and Research Questions

We’ve got our classic battles of market structures—monopolies holding the fort, oligopolies playing chess with each other, and perfect competition being the ideal we rarely meet.

Then there’s the whole drama of market failure, where things get messy with externalities and public goods, and no one’s quite sure who should clean up the mess. 

And elasticity? It’s like the pulse check of the market, seeing how it reacts to price changes. It’s all about the small scale, the details, the fine print.

Market Structures

Topic:  The impact of local monopolies on consumer choice in rural areas.

Research Question:  How do local monopolies in rural areas affect consumer choices and prices?

Topic:  The competitive strategies of oligopolies in the smartphone industry.

Research Question:  What competitive strategies do oligopolies in the smartphone industry use to maintain market share?

Topic:  The prevalence of monopolistic competition in the fast-food industry.

Research Question:  How does monopolistic competition influence product variety in the fast-food industry?

Market Failure

Topic:  The role of government in addressing negative externalities in urban transport.

Research Question:  How effective are government interventions in reducing traffic congestion as a negative externality in urban areas?

Topic:  The effectiveness of public goods provision in rural education.

Research Question:  How does the provision of education as a public good affect educational outcomes in rural areas?

Topic:  The impact of plastic bag taxes on environmental externalities.

Research Question:  Have plastic bag taxes significantly reduced the environmental externalities associated with plastic waste?

Topic:  Price elasticity of demand for organic produce in urban markets.

Research Question:  How does the price elasticity of demand for organic produce affect consumer purchasing patterns in urban markets?

Topic:  Cross-price elasticity between electric cars and fossil fuel vehicles.

Research Question:  What is the cross-price elasticity of demand between electric cars and fossil fuel vehicles, and what does it imply for future sales?

Topic:  The elasticity of supply in the housing market during economic booms.

Research Question:  How does the elasticity of supply in the housing market respond to economic booms?

Macroeconomics Topics and Research Questions

But then we step back and look at the big picture with Macroeconomics. Here we’re talking about the economy’s heartbeat—those business cycles that keep us on our toes, wondering if we’re heading for a boom or bracing for a bust. 

Governments step in with their fiscal policies, wielding taxes and spending like surgeons trying to fix the economy without making it bleed out. 

And let’s not forget the central banks, playing with interest rates and money supply like some high-stakes game of poker.

Economic Cycles

Topic:  The impact of economic cycles on unemployment rates in industrial sectors.

Research Question:  How do different phases of economic cycles affect unemployment rates in the manufacturing sector?

Topic:  The correlation between economic growth and income inequality.

Research Question:  Is there a significant correlation between economic growth and the level of income inequality in developed countries?

Topic:  The role of technological innovation in driving economic cycles.

Research Question:  To what extent does technological innovation influence the length and magnitude of economic cycles?

Fiscal Policy

Topic:  The effectiveness of fiscal stimulus in recession recovery.

Research Question:  How effective are fiscal stimulus packages in accelerating recovery from recessions?

Topic:  The impact of taxation on small businesses and economic growth.

Research Question:  What is the impact of changes in small business taxation on economic growth?

Topic:  Government spending priorities and their impact on long-term economic growth.

Research Question:  How do government spending priorities influence long-term economic growth?

Monetary Policy

Topic:  The effects of interest rate changes on consumer spending.

Research Question:  How do changes in the central bank’s interest rate affect consumer spending patterns?

Topic:  The relationship between money supply growth and inflation.

Research Question:  What is the relationship between the growth of money supply and the rate of inflation in emerging economies?

Topic:  Central bank policies and their impact on currency exchange rates.

Research Question:  How do central bank policies in developed countries affect their currency exchange rates?

Each of these topics and research questions can be tailored to fit the specific requirements of an IB Economics Extended Essay , including the availability of data, the scope of the research, and the word count limitations. 

It’s important to conduct preliminary research to ensure that there is enough material to support the investigation.

Next stop, International Economics. This is where countries shake hands or sometimes wrestle over trade policies. 

International Economics Topics and Research Questions

Tariffs, trade agreements, and who gets the better deal—it’s like a global marketplace where everyone’s trying to haggle their way to prosperity. 

Exchange rates bounce around like ping pong balls, and the balance of payments tells us who’s spending too much on their credit card and who’s got money in the bank.

Trade Policies

Topic:  The impact of trade tariffs on the domestic automobile industry.

Research Question:  How have recent changes in trade tariffs affected the competitiveness of the domestic automobile industry?

Topic:  The effectiveness of free trade agreements in promoting economic growth.

Research Question:  What has been the impact of free trade agreements on the economic growth of member countries?

Topic:  The role of trade policies in protecting local agriculture.

Research Question:  How do trade policies affect the sustainability and profitability of local agricultural sectors?

Exchange Rates

Topic:  The effects of exchange rate fluctuations on the tourism industry.

Research Question:  How do exchange rate fluctuations impact the number of international tourists and tourism revenue?

Topic:  Currency wars and their impact on global trade.

Research Question:  What are the consequences of competitive devaluations, often referred to as ‘currency wars’, on global trade dynamics?

Topic:  The relationship between commodity prices and currency strength in exporting countries.

Research Question:  How do fluctuations in commodity prices affect the exchange rate of commodity-exporting countries?

Balance of Payments

Topic:  The impact of remittances on the balance of payments in developing countries.

Research Question:  What role do remittances play in the balance of payments of developing countries?

Topic:  Foreign Direct Investment (FDI) and its effect on the current account balance.

Research Question:  How does FDI influence the current account balance of emerging economies?

Topic:  The effects of tourism on the balance of payments in small island economies.

Research Question:  What is the significance of tourism revenue in the balance of payments of small island economies?

Then we get into the meaty issues with Development Economics. 

Development Economics Topics and Research Questions

It’s all about asking, “Are we getting better?” We measure development with things like GDP and the Human Development Index, but they don’t always tell the full story. 

We’re also tackling the tough stuff like poverty, inequality, and whether we can keep growing without trashing the planet. It’s about making sure progress today doesn’t rob tomorrow.

Measures of Development

Topic:  The correlation between GDP growth and improvements in Human Development Index (HDI) scores.

Research Question:  Does GDP growth have a significant correlation with improvements in HDI scores?

Topic:  The effectiveness of Gross National Happiness (GNH) as an alternative development measure.

Research Question:  How does GNH compare to GDP as a measure of development, and what are its implications for policy-making?

Topic:  The impact of technological advancement on economic development indicators.

Research Question:  What is the impact of rapid technological advancement on traditional economic development indicators?

Poverty and Inequality

Topic:  The effectiveness of microfinance in reducing poverty in rural areas.

Research Question:  To what extent has microfinance contributed to poverty reduction in rural communities?

Topic:  Income inequality and educational outcomes in urban environments.

Research Question:  How does income inequality within urban areas affect educational outcomes?

Topic:  The role of gender inequality in economic development.

Research Question:  What is the impact of gender inequality on economic development in developing countries?

Sustainable Development

Topic:  The economic impacts of transitioning to sustainable energy sources.

Research Question:  What are the short-term and long-term economic impacts of transitioning to sustainable energy?

Topic:  The role of sustainable agriculture in promoting food security.

Research Question:  How does sustainable agriculture contribute to food security and economic development?

Topic:  The cost-benefit analysis of environmental conservation measures.

Research Question:  What are the economic benefits and costs associated with environmental conservation measures?

Behavioral Economics Topics and Research Questions

Now, let’s talk about what makes people tick with Behavioral Economics. This is where we realize that humans aren’t always the rational robots some theories make us out to be. 

We’ve got our quirks—bounded rationality, heuristics, and sometimes we follow the herd off a cliff in a market bubble. It’s fascinating because it’s about the psychology behind the economics.

Consumer Behavior

Topic:  The influence of social media on consumer purchasing decisions.

Research Question:  To what extent does social media influence consumer behavior in the fashion industry?

Topic:  The impact of brand loyalty on price elasticity.

Research Question:  How does brand loyalty affect the price elasticity of demand for consumer electronics?

Topic:  Behavioral factors influencing impulsive buying behavior.

Research Question:  What behavioral factors are most significant in influencing impulsive buying behavior in online retail?

Nudge Theory

Topic:  The effectiveness of nudges in promoting healthy eating habits.

Research Question:  How effective are nudging strategies in changing consumer eating habits in school cafeterias?

Topic:  The role of default choices in retirement savings plans.

Research Question:  What is the impact of default options on the participation rates in employer-sponsored retirement savings plans?

Topic:  The use of framing effects in environmental policy compliance.

Research Question:  How do framing effects influence compliance with environmental policies among households?

Market Behavior

Topic:  The impact of investor sentiment on stock market bubbles.

Research Question:  To what extent does investor sentiment contribute to the formation and bursting of stock market bubbles?

Topic:  Herd behavior and its influence on cryptocurrency markets.

Research Question:  How does herd behavior manifest in the trading patterns of cryptocurrency markets?

Topic:  The role of overconfidence in financial market trading.

Research Question:  What is the role of overconfidence bias in the decision-making processes of individual investors in financial markets?

Each of these topics and research questions should be carefully considered and refined to ensure that they are feasible for an extended essay , with a clear focus and available data for analysis.

Labor Economics Topics and Research Questions

Shifting gears to Labor Economics, we’re in the world of work. Wages aren’t just about money; they’re about bargaining power, fairness, and sometimes just sticking to the minimum. 

The labor market’s a tough crowd, with unemployment and the quest for the right job in the right place. 

And human capital reminds us that it’s not just about filling positions but nurturing talent through education and training.

Wage Determination

Topic:  The impact of minimum wage increases on small business employment levels.

Research Question:  What is the effect of minimum wage increases on employment levels in the small business sector?

Topic:  Wage bargaining and gender pay disparity in the technology sector.

Research Question:  How does wage bargaining contribute to the gender pay gap in the technology industry?

Topic:  The influence of trade unions on wage determination in the automotive industry.

Research Question:  What role do trade unions play in shaping wage determination in the automotive industry?

Labor Markets

Topic:  The effects of automation on unemployment rates in manufacturing.

Research Question:  How has the increase in automation impacted unemployment rates in the manufacturing sector?

Topic:  Labor market flexibility and its impact on economic resilience during recessions.

Research Question:  How does labor market flexibility affect a country’s economic resilience to recessions?

Topic:  The role of labor mobility in regional economic development.

Research Question:  What is the impact of labor mobility on economic development in economically depressed regions?

Human Capital

Topic:  The return on investment in higher education for various fields of study.

Research Question:  What is the comparative return on investment in higher education across different fields of study?

Topic:  The impact of vocational training programs on employability in the service sector.

Research Question:  How do vocational training programs affect employability and income levels in the service sector?

Topic:  The correlation between educational attainment and labor productivity.

Research Question:  How does the level of educational attainment correlate with labor productivity in the tech industry?

Breathing in some fresh air, we move to Environmental Economics. 

Environmental Economics Topics and Research Questions

Here’s where we figure out how to play nice with nature. Managing resources, setting up environmental policies like carbon taxes, and doing the math to see if the benefits of saving a forest are worth the cost. 

It’s economics going green.

Resource Management

Topic:  The economic viability of renewable energy sources in rural communities.

Research Question:  What are the economic challenges and benefits of adopting renewable energy sources in rural communities?

Topic:  The impact of water resource management on agricultural productivity.

Research Question:  How does effective water resource management influence agricultural productivity and economic sustainability?

Topic:  The effects of conservation policies on the forestry industry.

Research Question:  What economic impact do conservation policies have on the forestry industry?

Environmental Policies

Topic:  The effectiveness of carbon taxes in reducing greenhouse gas emissions.

Research Question:  How effective have carbon taxes been in achieving their intended reductions in greenhouse gas emissions?

Topic:  The economic impacts of emissions trading schemes on heavy industries.

Research Question:  What are the economic consequences of emissions trading schemes for heavy industries?

Topic:  The role of environmental regulations in shaping the automotive industry.

Research Question:  How have environmental regulations influenced innovation and economic outcomes in the automotive industry?

Cost-Benefit Analysis

Topic:  The cost-benefit analysis of urban green space preservation.

Research Question:  What are the economic costs and benefits of preserving urban green spaces?

Topic:  The economic evaluation of flood defense systems in coastal cities.

Research Question:  From an economic perspective, how do the costs and benefits of flood defense systems in coastal cities compare?

Topic:  The financial implications of biodiversity conservation programs.

Research Question:  What are the economic trade-offs associated with biodiversity conservation programs?

Health Economics Topics and Research Questions

Health Economics brings us to the crossroads of wealth and well-being. Healthcare systems are complex beasts, and we’re trying to tame them so that they can heal without causing financial heartache. 

We’re measuring health outcomes and life quality, all while navigating through the maze of health policies.

Healthcare Systems

Topic:  The economic effects of public versus private healthcare provision on quality of care.

Research Question:  How does the mode of healthcare provision (public vs. private) affect the quality of care and economic efficiency?

Topic:  The impact of insurance coverage on healthcare utilization rates.

Research Question:  How does the level of insurance coverage influence healthcare utilization rates among different socioeconomic groups?

Topic:  The cost-effectiveness of universal healthcare systems.

Research Question:  From a cost-effectiveness standpoint, how do universal healthcare systems compare to multi-payer systems?

Health Outcomes

Topic:  The economic burden of chronic diseases on healthcare systems.

Research Question:  What is the economic impact of the rising prevalence of chronic diseases on healthcare systems?

Topic:  The relationship between socioeconomic status and health outcomes.

Research Question:  How does socioeconomic status affect health outcomes across different regions?

Topic:  The impact of mental health services on workplace productivity.

Research Question:  What is the economic impact of providing mental health services on workplace productivity?

Health Policies

Topic:  The economic implications of pharmaceutical regulation on drug prices.

Research Question:  How do pharmaceutical regulations affect drug prices and the availability of new medications?

Topic:  The cost-benefit analysis of preventive healthcare measures.

Research Question:  What are the long-term economic benefits of investing in preventive healthcare measures?

Topic:  The effects of subsidies on the consumption of health-related goods.

Research Question:  How do subsidies for health-related goods (e.g., gym memberships, healthy foods) affect consumption patterns and health outcomes?

Public Sector Economics Topics and Research Questions

Public Sector Economics is where we see how the government tries to steer the ship. They’re spending on public goods and welfare, trying to keep the economy afloat without springing too many leaks. 

Taxation is a hot topic—progressive, regressive, who’s paying their way, and who’s getting a free ride? And with fiscal federalism, it’s a tug-of-war between local needs and central control.

Government Expenditure

Topic:  The impact of government spending on public goods on economic growth.

Research Question:  How does government expenditure on public goods such as infrastructure contribute to economic growth?

Topic:  The effectiveness of welfare programs in reducing poverty.

Research Question:  What has been the impact of welfare programs on poverty levels in developed countries?

Topic:  The economic consequences of military spending.

Research Question:  How does military expenditure affect the allocation of government resources and economic growth?

Topic:  The economic effects of progressive taxation on income distribution.

Research Question:  Does progressive taxation lead to a more equitable distribution of income?

Topic:  The impact of value-added tax (VAT) on consumer spending.

Research Question:  How does the implementation of VAT affect consumer spending patterns?

Topic:  The role of tax incentives in promoting renewable energy investments.

Research Question:  How effective are tax incentives in encouraging investment in renewable energy projects?

Fiscal Federalism

Topic:  The challenges of fiscal coordination between central and local governments.

Research Question:  What are the main challenges in achieving fiscal coordination between different levels of government?

Topic:  The impact of fiscal decentralization on local economic development.

Research Question:  How does fiscal decentralization affect economic development at the local level?

Topic:  The role of intergovernmental transfers in balancing regional disparities.

Research Question:  How do intergovernmental transfers help to address regional economic disparities?

Industrial Organization Topics and Research Questions

We’re watching firms and their power moves—mergers, acquisitions, and the regulatory hoops they have to jump through. 

It’s about keeping the market fair and innovative, making sure the big fish don’t eat all the little ones and that new ideas get a chance to grow.

Firm Behavior

Topic:  The economic rationale behind mergers and acquisitions in the tech industry.

Research Question:  What economic factors drive mergers and acquisitions in the technology sector?

Topic:  The impact of corporate governance on firm performance.

Research Question:  How does the quality of corporate governance affect firm performance and economic outcomes?

Topic:  The effects of vertical integration on market competition.

Research Question:  Does vertical integration by large firms lead to less competition in the market?

Market Regulation

Topic:  The effectiveness of antitrust laws in promoting fair competition.

Research Question:  How effective are antitrust laws in maintaining competitive markets?

Topic:  The economic impacts of deregulation in the airline industry.

Research Question:  What have been the economic outcomes of deregulation in the airline industry?

Topic:  The role of competition policy in fostering innovation.

Research Question:  How does competition policy influence the rate and direction of innovation in high-tech industries?

Innovation and Technology

Topic:  The relationship between R&D investment and economic performance in pharmaceuticals.

Research Question:  How does R&D investment correlate with economic performance in the pharmaceutical industry?

Topic:  The economic implications of patent laws on innovation.

Research Question:  What is the impact of patent laws on the rate of innovation in renewable energy technologies?

Topic:  The role of government subsidies in technological advancement.

Research Question:  How do government subsidies affect technological advancement in emerging industries?

Financial Economics Topics and Research Questions

Financial Economics is where the money’s at—literally. Stock markets, bond markets, the exotic world of derivatives—it’s all about the flow of money. 

And with financial regulation, we’re trying to keep the party responsible so that the financial hangover doesn’t hit too hard.

Financial Markets

Topic:  The impact of stock market volatility on economic decision-making.

Research Question:  How does stock market volatility influence corporate investment decisions?

Topic:  The role of bond markets in public debt management.

Research Question:  What role do bond markets play in the management of public debt?

Topic:  The effects of quantitative easing on financial markets.

Research Question:  How has quantitative easing affected financial markets post-2008 financial crisis?

Financial Instruments

Topic:  The use of derivatives in risk management by corporations.

Research Question:  How do corporations use derivatives to manage financial risk?

Topic:  The impact of futures trading on commodity price stability.

Research Question:  Does futures trading contribute to the stability of commodity prices?

Topic:  The role of cryptocurrency in the financial portfolio diversification.

Research Question:  How do cryptocurrencies affect the diversification of financial portfolios?

Financial Regulation

Topic:  The effectiveness of banking regulation in preventing financial crises.

Research Question:  How effective have banking regulations been in preventing another financial crisis?

Topic:  The economic effects of capital adequacy requirements on banks.

Research Question:  What are the economic effects of increased capital adequacy requirements for banks?

Topic:  The impact of international financial reporting standards on market transparency.

Research Question:  How do international financial reporting standards improve market transparency and economic outcomes?

Economic Methodology and History Topics and Research Questions

Lastly, we’ve got Economic Methodology and History. It’s a bit like time travel, seeing how past thinkers shape our current policies and how historical events steer us towards new economic shores. 

And methodology? It’s the toolbox that helps us figure out if what we’re doing actually makes sense, with all the number crunching and case studies that help us understand the why behind the what.

Economic Thought

Topic:  The influence of Keynesian economic policies on modern fiscal strategies.

Research Question:  How have Keynesian economic principles shaped contemporary fiscal policy-making?

Topic:  The relevance of classical economics in today’s market economy.

Research Question:  To what extent are the principles of classical economics applicable in the current market economy?

Topic:  The impact of behavioral economics on traditional economic models.

Research Question:  How has behavioral economics challenged the assumptions of traditional economic models?

Economic History

Topic:  The economic consequences of the 1970s oil shocks.

Research Question:  What were the long-term economic consequences of the oil shocks of the 1970s?

Topic:  The role of economic policies in the Great Depression.

Research Question:  How did economic policies contribute to the onset and duration of the Great Depression?

Topic:  The economic impacts of the dissolution of the Soviet Union.

Research Question:  What were the economic impacts of the dissolution of the Soviet Union on Eastern European countries?

Methodological Issues

Topic:  The application of econometrics in evaluating fiscal policy.

Research Question:  How can econometric models be used to evaluate the effectiveness of fiscal policy?

Topic:  The challenges of qualitative analysis in economic research.

Research Question:  What are the main challenges associated with using qualitative analysis in economic research?

Topic:  The comparison of case study and statistical methods in economic analysis.

Research Question:  How do case study methods compare to statistical methods in the analysis of economic phenomena?

So, there you have it—a whirlwind tour through the interconnected world of economics extended essay topics. 

Each piece of the cake tells part of the story, and it’s only when you put them all together that you see the full tasty picture. What’s your take on all this?

If you need some other IB EE topic options, we also have many other articles with various extended essay topic ideas . Do not miss a chance to check some that may interest you.

Conclusion 

I would have continued with other options, but I believe this list of Economics extended essay topic ideas are quite enough for today. Good luck with your RQ selection, research and writing .

If you find a better article that provides more comprehensive and detailed suggestions for Economics extended essay topic ideas, share it with me 😉

If you need topic suggestions with outlines or assistance with writing a custom IB Economics EE, our IB experts at Writing Metier are always ready to assist you.

Simply contact us using our contact form or fill out the order form with details to your economics extended essay and our IB experts will land you a hand.

Free topic suggestions

Vasy kafidoff.

Vasyl Kafidoff is a co-founder and CEO at WritingMetier. He is interested in education and how modern technology makes it more accessible. He wants to bring awareness about new learning possibilities as an educational specialist. When Vasy is not working, he’s found behind a drum kit.

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What Is An Extended Essay & How to Write It?

Read this article for 5 tips to ace your IB Extended Essay. this article shows IB students how to write an Extended Essay for IB Diploma.

Table of content

What is ib extended essay, choosing your mentor, how to select your topic, the structure of ib extended essay, research question, table of contents, introduction , methodology, the main body, the conclusion, bibliography, ib extended essay checklist.

This article will reveal helpful information on what your IB Extended Essay (EE) requires. Consider this your IB Extended Essay Checklist, which covers everything you must know about your EE.

Hey! Make sure you listen to Ivy, who will explain what NOT to do on your EE.

These mountains you are carrying, you were only supposed to climb!

Understand that no warrior ever conquered the battlefield with an unhinged mind. We say this because, being past IB students, we have seen and faced what we are about to and have a good knowledge and acquired the ability to differentiate between more enormous beasts and smaller beasts.

IB Extended Essay  is a smaller beast considering that you give it enough time before it becomes more prominent. All you need to do is relax your mind, de-stress and follow a simple procedure explained further in the article. There is no need to panic. Trust us, listen to us, and be like us!

Moving ahead from punny insertions, let us tell you why the IB extended essay can be an easy and exciting mountain to climb:

• Subject of your choice (Good practice to choose from your HLs)
• Independence of choosing a topic  
• Choice of choosing your mentor
• Continuous feedback and support from your chosen mentor.

IB extended essay (IB EE) is another one of the mandatory requirements of the IB Diploma Programme. It is a mini-thesis that you write under the supervision of a mentor/advisor. Your mentor will be an IB teacher from your school. The students must conduct independent research on a topic of their choice, which must be at most the limit of 4000 words. You begin by choosing a research question as a topic that will be further approved by IBO. It is up to you to either do a typical research paper, conduct an experiment/solve a problem-type EE.

I can write too many paragraphs giving you unnecessary information but let’s cut to the chase and admit the heart wants what it wants. You will go with an advisor/mentor with whom you will connect the most. However, suppose your judgment is clouded between the advisor you want to choose solely because you click with them better and the mentor who is knowledgeable about your chosen topic and can help you improve your research work. In that case, the choice is pretty straightforward: listen to your brain. Get rid of your toxic love and make a wise decision to choose a knowledgeable mentor. If you are lucky, the mentor you connect with and the one with ample knowledge about your chosen topic will be the same person. On that note, consider only two things while choosing your advisor:

• An advisor who is familiar with your topic 
• An advisor who will push you to be your best

Before diving into the topic selection and the structure of your IB extended essay, refer to this table to get an insight into the grade breakdown table. This will be helpful in your planning phase.

Moving ahead towards essential aspects of this article. After choosing your mentor, the next step for ‘how to write an EE’ is choosing a topic with the help of your mentor’s input. It is as essential as our  TOK Essay  and  TOK presentation .

Keep the following in mind while selecting your topic:

• Choose a topic that interests you.
• A topic that has enough resources and material.
• Choose a topic that is neither too narrow (so you have enough material) nor too broad (to avoid exceeding the word limit of 4000 words)

Before we dive into the structure, let us make one thing clear, there is a difference between the title and the research question. A title is different from your research question. Your research question is a clear and focused summative statement of your research. For instance, “The Effect of Gender and Age on the photoreceptor cells in the human retina” is a title whereas the following as the examples of research questions:

“Does the efficiency of Rods and cones decrease with age?

“What is the efficiency of L-cone vs M-cone vs S-cone?“

“To what extent are rod cells more efficient than the three cone cells?”

“Does the efficieny of rods and cones differ between genders?”

This will include the following:

• Introduction

Quick Note: The content on this page will not be included in your essay word count.

NO ABSTRACT REQUIRED. The latest IB guide states that an abstract should not be included in EE anymore.

Introduce and elaborate topic that you are researching in your EE.

• A crisp description of what you will explore and how you will do so. If you are aiming at a particular firm/industry, discuss the problems and your investigation method.
• To provide context to your question, you must address the situation from where the question is coming.
• State your research question and emphasize the importance of answering that question.
• Please describe how your research is helpful and exciting and how it is valuable to your audience.

You should split this section into two major areas to cover all the essential aspects.

• Section - 1 Explaining your sources
• Section - 2 Related topics, theories, and arguments that you will use to explore

Quick Note: Ensure that besides giving the readers an insight into the theories, arguments, and resources you plan to use for your research, you also point out the weaknesses and limitations.

Section- 1: Sources

• Describe each of your major sources of primary and secondary research.
• Inform the readers how these sources are helpful.
• To provide the readers with insight into each source's weaknesses or limitations. For example, there may have been room for bias or a limited scope of your research. Or there are other reasons why other data you used could be unreliable or invalid.
• Some useful sources of secondary research are company annual reports, news articles, magazine articles, business textbooks, and encyclopedias.
• Mention any adjustments (at least one) you made to your research as you progressed with your EE.

Section- 2: Related topics, theories, and arguments

• Briefly explain the ideas you will use and why (what are you aiming to support by using these).
• Address weaknesses or limitations of each addressed topic, theory, or related argument.
• Mention any changes made to these as you progressed with your EE.

This part of your essay will be the most elaborate. It will concentrate on research, analysis, discussion, and evaluation.

To maintain the flow of your previous section, we suggest splitting this section into two parts, identical to the previous bifurcation, to showcase your understanding of the IB concepts learned in your business management class and the other addressing the insightful material outside of your course.

Section-1: Related arguments, theories, and topics form your course learning

• Include 4 or 5 of these to help you answer your research question.
• It is suggested that you include at least one financial element. Address your qualitative tools before the quantitative ones.

Section- 2: Beyond your Course

Take up this section as an opportunity for you to educate your reader/evaluator.

• Review several related theories and concepts more extensively than the course does.
• Impress your reader by giving the sense that you know how the particular industry works. Showcase your expertise or knowledge gained through expert opinions in several aspects of your question.
• Please add some analytical insight in this section rather than just descriptive. Be careful to ensure that all of your theories in this section are really helping you answer your research question.
• You can use a graph here, but it must link to the research question.
• Use theories and supportive arguments that apply to your research and are beyond your course (if relevant).

Quick Note: Relate every paragraph to your research question.

This section is self-explanatory. It is time to bind all your areas together.

• It would help if you concentrated on making your EE sections cohesive.
• Please address what you have researched and how it helps answer your research question.
• Keep everything new in your conclusion.
• Shine through by including mini-conclusions to synthesize your essay.
• You can include several evaluative insights as well, if applicable.
• Mention some weaknesses and limitations of your research and their effect on your research. You can even address the inaccuracies these limitations may have caused and state the reason behind them.
• Explain at least one thing that you would have done differently if you were to do it again.

Quick Note: Don’t include a recommendations section in your EE

This section gives the reader an insight into your research resources. It may include:

• Books –textbooks, internet resources, journals, academic papers, competitor interviews, etc.
• Primary Resource (if applicable) –Interview, data (focus group, survey, etc.).

Quick note: The content on this page will not be included in your essay word count.

Take this section as more of an essential formality of showcasing the process of hard work that you have put in.

• Transcripts from your interviews,
• The additional analysis you didn't fit in the body of your EE.
• Any other exciting data which you would like to refer to in the body of your work.

With this, we come to the end of our article on what is an IB extended essay and how to write an extended essay. As we mentioned earlier, it is relatively easy. All you need is dedication, set timelines, and proper research. So, don't worry; no rabbits can pull out your hat today. If you want to score a 36 on 36 your Extended Essay, check out our  Extended Essay Guide , which offers '5 never heard before' tips to help you write a quality essay.

Make an IB Extended Essay Checklist! I cannot emphasize enough on this point. The submission for your EE happens simultaneously when you are expected to take your exams. There will be a million things that you would have to keep track of. There is a high chance of forgetting to make that final edit or perfecting your EE's introduction in the midst of it all. Therefore, an IB Extended Essay Checklist will ensure you do everything. IB Extended Essay Checklist will be your savior during the final submission days.

We want Nail IB to be your virtual companion to hustle through IB. We have many helpful blogs that will help you navigate your way through IB. Apart from our blogs, we offer a "Take A Test' module, which allows IB students to evaluate their level in the IB Program. Make sure to try a  test  and see your strengths and weaknesses. And finally, to ensure you have all the resources you might need to nail IB, we have curated special  student bundles  for your convenience.

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How to Write a Good Economics Essay

Last Updated: March 7, 2023 References

This article was co-authored by Emily Listmann, MA . Emily Listmann is a private tutor in San Carlos, California. She has worked as a Social Studies Teacher, Curriculum Coordinator, and an SAT Prep Teacher. She received her MA in Education from the Stanford Graduate School of Education in 2014. This article has been viewed 127,157 times.

A good economics essay requires a clear argument that is well-supported by appropriately referenced evidence. Research your topic thoroughly and then carefully plan out your essay. A good structure is essential, as is sticking closely to the main essay question. Be sure to proofread your essay and try to write in formal and precise prose.

Preparing to Write Your Essay

• For example a question such as “Discuss the macroeconomic consequences of rising house prices, alongside falling interest rates” could be divided into 2 parts: 1 part could be on the effects of rising prices, and 1 on the effects of falling interest rates.
• In this example you could begin by discussing each separately and then bringing the 2 together and analysing how they influence each other.
• Be sure to keep the question at the forefront of your mind and don’t veer off topic. [1] X Research source

• Be sure that you understand all the key terms that you are being asked about.
• Try to keep your reading focussed closely to the essay question.
• Don’t forget to look at any lecture or class notes you have made.
• 3 Come up with a thesis statement . A thesis statement is the main argument you will make in your essay. It should be 1-2 sentences long and respond to the essential question that’s being asked. The thesis will help you structure the body of your essay, and each point you make should relate back to the thesis.

• Once you have put together a list of key points, then try to add in some more detail that brings in elements from your research.
• When you come to write out your essay, you can develop a paragraph based on each point.

• All of the evidence and explanation will be in the main body of the essay.
• Order the key points in the body of your essay in such a way that they flow logically.
• If you are writing a longer essay, you can break the main body into different sections. [2] X Research source
• If you have a word limit, be sure to take this into account when you are planning.
• Allocate yourself a rough number of words per section.
• The introduction and conclusion can be just a paragraph each.

Writing the Essay

• What your essay is about.
• What material you will cover in the essay.
• What your argument is. [3] X Research source

• Having this stated clearly at the start can help you to stay focussed on the question as you work your way through the essay.
• Try writing out this one or two sentence statement and sticking it up in front of you as you write, so it’s stays at the forefront of your mind.

• Try to begin each paragraph with a sentence that outlines what the paragraph will cover.
• Look at the opening sentence of each paragraph and ask yourself if it is addressing the essay question. [5] X Research source

• Try to engage with arguments that run counter to yours, and use the evidence you have found to show the flaws.
• It might help to imagine someone reading the essay, and anticipating the objections that he might raise.
• Showing that you have thought about potential problems, and you can make an argument that overcomes them, is a hallmark of an excellent essay. [6] X Research source
• If there is conflicting evidence, discuss it openly and try to show where the weight of the evidence lies. [7] X Research source
• Don’t just ignore the evidence that runs counter to your argument.

• In the conclusion you can add a few sentences that show how your essay could be developed and taken further.
• Here you can assert why the question is important and make some tentative suggestions for further analysis.

Proofreading and Making Revisions

• As you read through it, think about how closely you stick to main overarching question.
• If you notice paragraphs that drift off into other areas, you need to be tough and cut them out.
• You have a limited number of words so it’s essential to make every one count by keeping tightly focussed on the main question.

• Think about how you use the evidence too. Do you critically engage with it, or do you merely quote it to support your point?
• A good analytical essay such discuss evidence critically at all times.
• Even if the evidence supports your argument, you need to show that you have thought about the value of this particular piece of data.
• Try to avoid making any assumptions, or writing as if something were beyond dispute. [10] X Research source

• Remember an academic essay should be written in a formal style, so avoid colloquialisms.
• Avoid contractions, such as “don’t”, or “won’t”.
• Try to avoid paragraphs that are more than ten or fifteen lines long.
• Think about how it looks on the page. [12] X Research source

• Always include a bibliography, but don’t include references to things you haven’t read or didn’t inform your argument. [13] X Research source
• Your teacher will know if you just add a load of titles into your bibliography that are not evidenced in the body of your essay.
• Always follow the bibliography format used by your department or class.

Community Q&A

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• ↑ http://www.economicshelp.org/help/tips-economic-essays/
• ↑ http://www.writing.utoronto.ca/advice/planning-and-organizing/organizing
• ↑ http://carleton.ca/economics/courses/writing-preliminaries/academic-essay-writing/
• ↑ https://www.economicsnetwork.ac.uk/archive/lse_writing/page_11.htm
• ↑ http://homes.chass.utoronto.ca/~mcmillan/writing.pdf
• ↑ https://www.royalholloway.ac.uk/economics/documents/pdf/essaywriting-departmentofeconomics.pdf

About This Article

Before you begin writing your economics essay, make sure to carefully read the prompt so that you have a clear sense of the paper's purpose and scope. Once you have read the prompt, conduct research using your textbook and relevant articles. If you cannot find research materials, ask your instructor for recommendations. After your research is done, construct a 1-2 sentence thesis statement and begin outlining your main ideas so that your essay will have a clear structure. Make sure to leave time to write a draft and revise your work before it is due. If you want to learn more, like how to cite the sources you used for your essay, keep reading the article! Did this summary help you? Yes No

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