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IB Economics IA Commentary Portfolio: FAQs

Answered by RevisionPrep's IB Educators

The Economics IA is a portfolio of three commentaries, each built on a real-world news article, worth 20% (SL) or 25% (HL) of your final grade. Below I answer the questions I get asked every year — from what counts as a valid article to how examiners actually award marks.

What the IA Is & How It's Examined

What is the Economics IA commentary portfolio in IB Economics, and how is it examined?

The Economics IA is a portfolio of three 800-word commentaries, each analysing a different real-world news article using one economics unit — microeconomics, macroeconomics, and international economics/global economics (one commentary per unit). It's internally assessed by your teacher, then externally moderated by the IB, worth 20% of the SL grade and 25% of the HL grade.

According to the IB Diploma Programme Economics guide (first assessment 2022, still current for 2025 teaching), each commentary is marked against five criteria: Diagram(s), Terminology, Application, Analysis, and Evaluation, totalling 21 marks per commentary — 63 marks across the portfolio. HL and SL students submit the same three commentaries; there's no extra HL-only requirement here, which is unusual since most HL subjects add IA content.

How many commentaries do I need to write for the Economics IA?

Exactly three commentaries, no more. Each must come from a different economics unit — one micro, one macro, one covering international or global economics topics — and each must be based on a different published news source, so you can't reuse the same newspaper or website across all three.

Quick tip: pick your three articles at different points in the year, straight after you've finished teaching on that unit, while the diagrams are still fresh. Leaving all three until study leave is the single biggest cause of rushed, thin analysis I see in moderation.

How is the Economics IA marked and moderated?

Your teacher marks all three commentaries against the five official criteria, then the IB externally moderates a sample from your school to check the marks are consistent with global standards. If moderation adjusts your teacher's marks up or down, the adjustment applies to your whole school's cohort, not just you.

The five criteria and their maximum marks per commentary:

CriterionFocusMax marks
A: Diagram(s)Correctly drawn, labelled, explained4
B: TerminologyAccurate use of economic vocabulary2
C: ApplicationArticle-specific data and context4
D: AnalysisChains of economic reasoning6
E: EvaluationJudgement, alternative views, limitations5

Choosing Articles & Meeting Requirements

What makes a good article for an Economics IA commentary?

A good article is recent, from a reputable news source, and centred on one clear economic issue you can analyse with a single diagram — not a broad opinion piece touching five topics at once. Look for articles with actual data: prices, quantities, percentages, or policy details you can reference directly.

Common mistake: choosing an article that's really about politics or business strategy with only a passing economic mention. Examiners can tell instantly when a student has forced a diagram onto an article that doesn't actually support it — Criterion C (Application) suffers badly here.

Can I use the same news article for two commentaries?

No. The IB requires each of your three commentaries to be based on a different source — meaning different publications, not just different articles from the same outlet on the same day. Reusing a source, or picking articles that are essentially duplicates of each other's content, breaches the requirements and risks a mark reduction.

This includes the syllabus section too: all three commentaries must be drawn from three genuinely different areas of the syllabus (one micro, one macro, one international/global), so you can't write three micro commentaries even if the sources differ.

How old can the news article be for my Economics IA?

Your source article must be published no earlier than a set window before submission — check your school's exact deadline, but as a working rule, articles older than about 12 months before your submission date aren't accepted. Fresher articles also tend to score better on Application, since recent data is easier to verify.

I tell every student I teach: don't wait until the article is a year old just because it's a great story. Grab it, write a rough draft within a fortnight, and refine later — the economics doesn't go stale, but your notes on why the article mattered will.

Writing & Structuring the Commentary

What is the word limit for each Economics IA commentary?

Each commentary is capped at 800 words — this covers your economic analysis and evaluation, not the article summary, diagram labels, or references. Going over the limit means examiners simply stop reading and marking at word 800, so anything after that point earns you nothing.

The word count excludes: the title, the article summary/citation, diagrams and their labels, and the bibliography. It does include everything else — so definitions, analysis, and evaluation all eat into your 800 words. Draft over, then cut ruthlessly rather than writing to exactly 800 first time.

How do I structure an Economics IA commentary to hit a 7?

Structure each commentary around one clear economic concept, one correctly drawn diagram, and a logical chain of reasoning from cause to effect, finishing with a genuine evaluation — a judgement on significance, an alternative viewpoint, or a real limitation, not a bolted-on conclusion paragraph.

A worked example: for a commentary on a fuel subsidy removal, don't just say 'price rises, quantity falls.' Walk through it: subsidy removed → supply curve shifts left → new equilibrium at higher price, lower quantity → link this to a stated elasticity value from the article → evaluate whether the policy goal (reducing government spending) is actually achieved, weighed against the cost to low-income consumers. That last step is what separates a 5 from a 7 on Evaluation.

Do I need a diagram in every Economics IA commentary?

Yes — every commentary needs at least one correctly drawn, fully labelled economic diagram directly relevant to the article, and it must be referred to in your written analysis, not just dropped in as decoration. An unlabelled or generic textbook diagram with no link to the article's specific numbers loses marks fast.

Quick checklist before you submit each commentary:

  1. Axes labelled with correct units
  2. Curves labelled (S, D, MC, AC, etc.)
  3. Shifts shown with arrows, not just redrawn lines
  4. Diagram explicitly referenced in your text ("as shown in Figure 1…")
  5. Equilibrium points, if relevant, marked clearly

Grades, Deadlines & Getting Help

How much does the Economics IA count towards my final grade?

The IA portfolio is worth 20% of your final grade at SL and 25% at HL, marked out of 63 total (21 per commentary). Because HL students sit the same three commentaries as SL but the IA carries more weight, HL students genuinely benefit from getting this component right early.

SLHL
IA weighting20%25%
Max marks6363
Number of commentaries33
External exams weighting80% (Papers 1–2)75% (Papers 1–3)

Can my teacher help me with my Economics IA drafts?

Yes, within limits set by the IB's academic integrity policy — your teacher can give one round of general written or oral feedback on a draft, pointing out weaknesses without rewriting or correcting the work for you. After that feedback, the final version submitted must be entirely your own.

Parents often ask if a private tutor can fill this gap instead — the honest answer is the IA has to be the student's authentic work either way, so the more useful support is self-study material that teaches the criteria directly: worked commentary examples, past exemplars, and practice applying diagrams to real articles, which is exactly what structured revision resources are built for.

Why did my Economics IA get a lower mark than I expected?

The most common reason is weak Evaluation — students describe the economics correctly but never make a genuine judgement, consider an alternative view, or discuss a real limitation of their analysis. The second most common issue is a diagram that's technically correct but never actually applied to the article's specific figures.

Before your next draft, check against these three failure points:

  1. Does your conclusion make an actual judgement, or just summarise?
  2. Does your diagram use numbers or context from the article, not just generic labels?
  3. Have you defined key terms precisely, using IB-style economic vocabulary rather than everyday language?

Economics IA: SL vs HL

FeatureSLHL
IA weighting20%25%
Commentaries required33
Max IA marks6363
Word limit per commentary800800
External exam weighting80%75%

For worked commentary exemplars, criterion-by-criterion breakdowns, and topical worksheets covering every micro, macro and global economics unit you'll need articles for, explore the Economics resources on RevisionPrep.

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