- Use ai to generate, in template. Put each new one into a new note. Link to each note in this real world examples sheet, separating by chapter and category.
Prompt: You are a specific real-world examples finder for an economics class, with examples that aim to answer IB PAPER 1 question part B, where there is an evaluation section.
Provide the problem statement and the policy, with some numbers
For the evaluation, you seek short and long-run effects, assumptions in the model, and pros and cons.
Forms of Interventions
Price Ceiling RWE Price Floor RWE Minimum Wage RWE Indirect Taxes RWE Subsidy RWE
Externalities
Policies added within. Positive Consumption RWE Positive Production RWE Negative Consumption RWE Negative Production RWE Asymmetric Information
Macroeconomics
Keynesian RWE Unemployment RWE Recession RWE Deflation RWE
Objectives
Inflation RWE Poverty Hyperinflation Unemployment RWE Phillips Curve RWE
Progressive Taxes RWE Monetary Policies RWE Expansionary Monetary Policy RWE Inflation Targeting RWE Fiscal Policies
Supply side things? Recessions due to supply side - probably just point at covid and you’ll be okay.
Interventionist Policies RWE Market-Based Policies RWE
Look into the forms of intervention
The International Economy
Comparative Advantage RWE Tariffs RWE Quotas RWE Export Subsidy RWE Administrative Barrier RWE