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IB Economics HL: Microeconomics Internal Assessment Exemplar - Grade 7 £4.99   Add to cart

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IB Economics HL: Microeconomics Internal Assessment Exemplar - Grade 7

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In 2020, I received 45 points in IB, including a 7 in HL Economics. This IA formed one third of my Economics IA which allowed me to achieve that grade. Understanding this essay's style, structure and presentation will help boost your IA mark considerably. The essay discusses an article titled, '...

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  • July 30, 2022
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Economics IA: Article Commentary 1




Title: Senate approves higher sin tax on cigarettes


Source: CNN Philippines


https://www.cnnphilippines.com/news/2019/6/3/Senate-
Article Link:
passes-tobacco-excise-tax-bill.html


Date of Article: 3rd June 2019


Date of Writing: 29th November 2019


Section: Microeconomics

, This article refers to a bill in the Philippines that will raise the indirect tax on cigarettes to

₱60, causing a 60% increase on the average price of a pack of cigarettes, which is ₱95. The

government is aiming to reduce the market failure in the cigarette market and raise revenue

for their ‘Universal Healthcare Act’.




The diagram above shows the Philippines’ market for cigarettes.

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