Ib economic ia macroeconomics essay

In the new syllabus, you only get 45 minutes per essay. Some students will be able to write more than others, because they write more quickly. This structure was written with an average-writing-speed student in mind.

Ib economic ia macroeconomics essay

Economics There are also significant obstacles in the conditions of entry; a firm must create a phone and launch satellites into orbit in order to start a firm in the smartphone industry.

As an oligopoly the introduction of the S4 affects all other competitors, including Apple and Android. The smartphone market is a differentiated oligopoly because all producers offer different products, and this indicates that the introduction of the S4 will affect sales of Iphone 5s, Google Nexus 4, and Blackberry Z We can find that the Herfindahl Index isfrom the graph, which indicates that there is not that much market power in the smartphone industry.

In this diagram we find the marginal utility by finding the derivative of this line. The derivative is very small so the marginal utility is very small.

Ib economic ia macroeconomics essay

A smartphone is not essential and can be easily forgone, which conveys that the price elasticity of the Samsung Galaxy S4 is theoretically above 1. Since the price elasticity of smartphones is above zero the competition between firms is very high. The Samsung Galaxy S4 has some technological advances include gesture control which allows for control without touching the screen.

These advances are what differentiates the S4 from the Iphone 5s or other similar smartphones. Other comparisons between Iphone 5 and S4 is the size of the S4, and other technological improvements such as speed, weight, and versatility.

It is through product innovation that these improvements to the S3 have arrived in the S4. In the future, the Samsung Galaxy S4 will be rivaled by the Iphone 5s, and other smartphones.

This revelation of a new model allows for Samsung to increase its market share in handheld products. When the Iphone was released, other firms could not emulate its design and popularity, however in the past few years, the Galaxy series has been compared to the Iphone.

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Samsung is gaining market shares of the smartphone market, and can be seen as a rival to Apple. Apple sued once it realized Samsung is becoming a rival. This lawsuit prevents further occurrences of the imitation problem as our legal system is able to stop such fraud. In some ways, the S4 will have creative destruction occur if it becomes popular and outsells the Iphone 5.

Explicit costs are found in the production of the phone. All these explicit costs factor into the final per unit price of the S4. Some implicit costs found in making the S4 include the opportunity cost of making another model, or other device for Samsung. The economies of scale found in the production of the S4 is that as output increases, labor can handle more products per individual, decreasing the cost per unit.

When Samsung buys materials needed for production in bulk, there are certain volume discounts they receive for buying in bulk. There are also certain diseconomies of scale, including the fact that ordering too many of a certain low supply part, such as the microprocessor, can lead to higher prices which increases the price per unit.

Both economies and diseconomies of scale impact the price of the Samsung Galaxy S4.The Ib Economics Internal Assessment Economics Essay. Print Reference this. Disclaimer: The Euro Zone is an economic and monetary union of 17 European Union member states that have adopted the euro as their common currency and sole legal tender.

Economics Essay Writing Service Free Essays More Economics Essays Examples of Our Work. In the new () syllabus, you only get 45 minutes per essay.

Ib economic ia macroeconomics essay

And that’s not much time to do everything you need to do. It’s easy to waste time (i.e with introductions or descriptive writing) that earn you no marks at all. If you use this structure you’ll be sure to earn all of the possible marks for each of your IB Economics essays.

So by the end, there will be an microeconomics-related article, macroeconomics-related article, and either international- or development economics-related article!

Each article relates to a different part of the world: IB learners should be globally-minded world citizens. It is IB Economics IA Sample on Macroeconomics provided by the IB Economist as an example of what a high-scoring IA looks like. The IB Economist is recognised as the author of this IA.

No part of this piece of work may be copied, reproduced or used without prior permission from the IB Economist and providing a link to the original source. Apr 20,  · An Economics IA typically is focused on one of the 5 areas of the syllabus: Introduction in Economics, Microeconomics, Macroeconomics, International Economics or Development Economics.

They require around words in length (including diagrams, labels and footnotes). Economics There are also significant obstacles in the conditions of entry; a firm must create a phone and launch satellites into orbit in order to start a firm in the smartphone industry. As an oligopoly the introduction of the S4 affects all other competitors, including Apple and Android.

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