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How to Write an Economics Extended Essay? A Complete Guide

Choosing a topic for your Economics extended essay is an important step.

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!

Ensure your Economics extended essay reflects your unique perspective.

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!

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