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VICTORIA SHANGHAI ACADEMY

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IB DP ECONOMICS
Past Year Papers
(Standard Level)

M13/3/ECONO/SP1/ENG/TZ2/XX

22135112

ECONOMICS
STANDARD LEVEL
PAPER 1
Thursday 2 May 2013 (afternoon)
1 hour 30 minutes
INSTRUCTIONS TO CANDIDATES
Do not open this examination paper until instructed to do so.
You are not permitted access to any calculator for this paper.
Section A: answer one question.
Section B: answer one question.
Use fully labelled diagrams and references to examples where appropriate.
The maximum mark for this examination paper is [50 marks].

2213-5112

3 pages
International Baccalaureate Organization 2013

M13/3/ECONO/SP1/ENG/TZ2/XX

SECTION A
Answer one question from this section.
Microeconomics
1.

(a)

Explain why a government might impose a price ceiling on the market for
[10 marks]

(b)
[15 marks]

2.

(a)
[10 marks]
(b)
[15 marks]

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M13/3/ECONO/SP1/ENG/TZ2/XX

SECTION B
Answer one question from this section.
Macroeconomics
3.

(a)

[10 marks]

(b)
[15 marks]

4.

(a)

[10 marks]

(b)
this statement?

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[15 marks]

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22135113

ECONOMICS
STANDARD LEVEL
PAPER 2
Friday 3 May 2013 (morning)
1 hour 30 minutes
INSTRUCTIONS TO CANDIDATES
Do not open this examination paper until instructed to do so.
You are not permitted access to any calculator for this paper.
Section A: answer one question.
Section B: answer one question.
Use fully labelled diagrams and references to the text/data where appropriate.
The maximum mark for this examination paper is [40 marks].

2213-5113

9 pages
International Baccalaureate Organization 2013

M13/3/ECONO/SP2/ENG/TZ0/XX

2
SECTION A
Answer one question from this section.
1.

Study the extract below and answer the questions that follow.
Boom or bust

appreciation

interest rate

(This question continues on the following page)

2213-5113

M13/3/ECONO/SP2/ENG/TZ0/XX

(Question 1 continued)
appreciation

(paragraph

[2 marks]

interest rate

(paragraph

[2 marks]

(paragraph

)
[4 marks]

(paragraph

[4 marks]

[8 marks]

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Turn over

4
2.

M13/3/ECONO/SP2/ENG/TZ0/XX

Study the extract and data below and answer the questions that follow.
Price of Chinese exports set to soar

(This question continues on the following page)

2213-5113

M13/3/ECONO/SP2/ENG/TZ0/XX
(Question 2 continued)
Chinas trade with the world
2006

2007

2008

2010
(estimated)

2009

(paragraph
three

[2 marks]
[2 marks]

[4 marks]
[4 marks]

[8 marks]

2213-5113

Turn over

M13/3/ECONO/SP2/ENG/TZ0/XX
SECTION B
Answer one question from this section.
3.

Study the extract below and answer the questions that follow.
Urban farms to feed Cuban cities

allocation of resources

infrastructure

(This question continues on the following page)

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M13/3/ECONO/SP2/ENG/TZ0/XX
(Question 3 continued)
allocation of resources
(paragraph

[2 marks]
infrastructure

(paragraph

(paragraph

[2 marks]

[4 marks]
[4 marks]

[8 marks]

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Turn over

M13/3/ECONO/SP2/ENG/TZ0/XX
4.

Study the extract and data below and answer the questions that follow.
Cambodia encouraged to review international partnerships

investment

Human Development Report 2010 Statistics for Cambodia

Life
expectancy
at birth

Expected
years of
schooling

Mean years
of schooling

GNI per capita

(Constant 2005
PPP US$)

HDI value

(This question continues on the following page)

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M13/3/ECONO/SP2/ENG/TZ0/XX
(Question 4 continued)
investment
two

(paragraph
(paragraph

[2 marks]
[2 marks]

[4 marks]
(see Table)
[4 marks]

[8 marks]

2213-5113