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IB EconomicsEconomics Internal AssessmentEconomics HL

Minimum wage and unemployment

A well-structured commentary with clear diagrams and confident use of terminology. The analysis is mostly sound, but the evaluation and the link to your chosen key concept could be developed further to reach the top mark bands.

~762 words · within the expected length

Estimated

9–11

out of 14

Decent
AI estimate — not an official IB grade.

Rubric requirements

Criterion F · compared with your other uploaded commentaries

Article date

Published 12 March 2026 and written April 2026 — within a year.

Syllabus unit

Section 1 — none of your other uploaded commentaries uses this unit.

Source

“Housing shortage in Dublin” also uses an article from bbc.com. Each commentary must use a different source.

Cover details

Key concept (Intervention) and word count (762) are on the cover.

Each unmet requirement can cost a mark from criterion F, which is marked once for your whole portfolio.

Focus on these first

The highest-impact changes, in order.

1

Deepen your analysis of unintended consequences

Trace the full chain of reasoning rather than stating the outcome. Show how a higher wage floor works through costs and hiring decisions to affect employment.

Analysis paragraph (Criterion C)

2

Make your evaluation balanced and reasoned

Consider short-run vs long-run and different stakeholders, then reach a judgement that clearly follows from your analysis.

Concluding evaluation (Criterion E)

3

Integrate your key concept throughout

Use the concept of intervention as a lens across the commentary, not just as a single label.

Throughout (Criterion D)

Criterion breakdown

Criterion A

Diagrams

2 / 3

DecentHigh confidence

How to improve

  • Add the real wage figures from your article to the axes
  • Refer to the labelled areas explicitly when you explain the surplus

Diagram by diagram

Image 1 · Labour market with a price floor

Figure 1 – Minimum wage in the labour market

Analysis, after paragraph 2

Good
  • Mark We, Qd and Qs on the axes and shade the surplus of labour
  • Add a title naming the article's country and the new minimum wage
  • Refer to Qs − Qd explicitly when you explain unemployment

Image 2 · Firm cost curves

Figure 2 – Effect on firms' costs

Evaluation paragraph

Needs improvement
  • Label the shifted curve MC₂ and add an arrow from MC₁
  • Refer to Figure 2 in the text and explain the new output level

Criterion B

Terminology

2 / 2

GoodHigh confidence

How to improve

  • Maintain this precision when introducing evaluation terms

Criterion C

Application and analysis

2 / 3

DecentMedium confidence

How to improve

  • Trace the mechanism step by step: higher wage → higher costs → fewer hours
  • Connect each step back to the article’s context

Criterion D

Key concept

2 / 3

DecentMedium confidence

How to improve

  • Return to the key concept in your analysis and evaluation, not just once

Criterion E

Evaluation

1 / 3

Needs workMedium confidence

How to improve

  • Weigh short-run vs long-run effects and different stakeholders
  • End with a judgement that follows from your analysis, not an assertion

What's already working

  • Accurate, consistent economic terminology throughout
  • A correctly constructed and clearly labelled diagram
  • A logical structure that is easy to follow
  • Relevant economic theory applied to the article

Revision Checklist

0 / 3 done