Economics SL IBDP Internal Assessment ("Portfolio") 2022: Micro, Macro & Global Economics. Final Grade: 6/7
17 views 0 purchase
Module
IB Economics
Institution
IB Economics
Book
Oxford IB Study Guides: Economics for the IB Diploma
This is a good example of a final Economics portfolio (Internal Assessment) that must be presented to the IB at the end of the diploma. It includes the three articles and their respective essays with all the needed components (graphs, analyses, terminology, etc.) It got almost full marks.
The fi...
Commentary 1
Title of the article: “Tortilla makers save money and turn to solar power in Querétaro.”
Source of the article: Mexico News Daily- https://mexiconewsdaily.com/news/tortilla-makers-
save-money-and-turn-to-solar-power-in-queretaro/
Date the article was published: January 7, 2021.
Date the commentary was written: March 19, 2021.
Word count of the commentary: 800 words
Unit of the syllabus to which the article relates: Microeconomics
Key concept being used: positive externalities of production
, Article
Tortilla makers are going off the grid in Querétaro.
Tortilla makers save money and turn to
solar power in Querétaro
Loan program helps with the installation of the solar panels
Published on Thursday, January 7, 2021
162 SHARES
Mexico’s history of making tortillas goes back centuries but in the state of Querétaro
today’s tortilla makers are producing the staple food in a thoroughly modern way —
using solar power.
According to the Federation of Producers of Corn Flour and Tortillas, a trade
association for tortilla shop owners and other related producers in the state, 40% of
, its 389 tortillerías are currently powered with solar panels, which are not only more
environmentally friendly than conventional electricity but ultimately cheaper for the
proprietors as well, says association president Arturo Campos Novoa.
The eventual goal, says Campos, is to get 100% of shop owners off the grid.
The initiative, which is financed in part by the organization and in part by the state
government, allows tortilla shop owners to take out 40,000-peso, low-interest, no-
collateral three-year loans to purchase and install the photovoltaic equipment.
As soon as a participating business gets the panels, it stops paying for conventional
electricity. Meanwhile, the loan’s monthly payments end up costing about the same or
less than owners are used to shelling out for monthly electric bills.
“Over three years, they have to pay [monthly] for the [solar panels], but after that, it
will be a benefit to the business,” said Campos, explaining that after the loan term, the
owners make more profit since they have fewer overhead costs.
He estimates that altogether, participants in the program are already saving 20,000
pesos bimonthly against projected electricity costs.
And what’s good for tortillerías is also good for Querétaro citizens, he added, since
more profitability means that tortillerías can afford to keep their prices down, even
when the cost of ingredients goes up.
The state’s price ceiling on tortillas, an amount regulated by the government, has
stayed the same in Querétaro since 2018 at 18 pesos per kilo, and Campos predicts
that it will remain the same into next year thanks in part to the program.
Sources: El Universal (sp), Diario de Querétaro (sp)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller aar2. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.83. You're not tied to anything after your purchase.
