ECONOMICS · IB Diploma Programme
ECONOMICS/22
Paper 2
Economics · 2024 · Variant 2
Relative difficulty
Analysis source: International Baccalaureate Organization
Analysis aligned to the official syllabus and assessment design.
3.0 / 5
65
180 min
Role of Government Intervention and Equity Policies
Cohort performance
Session statistics from official examination reports
Total marks
65
Duration
180 min
Session difficulty
3.0 / 5
Key examiner messages
Top priorities from the principal examiner before you revise
Success in Paper 1 heavily depended on structured evaluations in the 15-mark questions.
High-scoring candidates did not just explain subsidies or fiscal policy; they actively weighed their advantages against opportunity costs, welfare losses, and alternative policies (like supply-side strategies).
In Paper 2, diagram accuracy was the ultimate differentiator.
Candidates who carefully illustrated the shift in the supply of a currency when imports fall, or the contraction of domestic supply during quota removal, easily secured full marks.
Compare difficulty across recent years. Compare topic weight by year to spot recurring and returning areas.
Question difficulty map
How candidates performed on each question in this series
No data available in official reports
Assessment objectives
Skill and AO weighting from official examiner commentary
Skill weighting
Shows the skill mix this paper tested most heavily.
Knowledge and Understanding
Weight: 5100%Application and Analysis
Weight: 480%Synthesis and
Weight: 360%Mathematical and
Weight: 240%Diagrammatic
Weight: 120%
Method marks watchlist
Where working, steps, or method marks were commonly lost
No data available in official reports
Recurring mistakes across years
Themes examiners flag in multiple recent sessions for this subject
No data available in official reports
Question choice intelligence
Mean scores and popularity for optional questions (HKDSE electives)
No data available in official reports
Level exemplars
What candidate scripts at each grade level looked like
No data available in official reports
Grade & admission context
How marks relate to grade thresholds and entry standards
Report type
IB subject report — grade distributions, IA weighting, and HL/SL distinctions
Level 7
Excellent — top band for competitive university offers
Level 6
Very good — strong HL performance
Level 5
Good — solid pass at higher level
Level 4
Satisfactory — minimum for many university credits
Level 3
Mediocre
Level 2
Poor
Level 1
Very poor
Deep insights
What top candidates did
Techniques and approaches examiners rewarded in this series
No data available in official reports
Command word playbook
How to match each command word to the expected response style
Give reasons and link mechanism to outcome; each point needs a because/so chain.
Weigh arguments for and against with evidence; end with a supported judgement.
Match the expected response style for “Define” questions.
Show formula, substitution, and unit; method marks need visible working.
Name or point to the specific feature asked for — avoid extra explanation.
Present multiple perspectives with evidence; balance breadth and depth.
Time traps
Sections where candidates spent disproportionate time relative to marks
Min per mark: 3
Min per mark: 3
Min per mark: 3
Syllabus traceability
Topics linked to questions and mark weighting in this session
Role of government in microeconomics
19 marks this session
Economics of inequality and poverty
15 marks this session
Competitive market equilibrium
10 marks this session
MCQ trap analytics
Commonly chosen wrong options from examiner commentary
No data available in official reports
Topic heatmap across years
Mark concentration by topic and exam year for this subject
Mark intensity
Economic growth and/or economic development strategies
Role of government in microeconomics
Macroeconomic objectives
Measuring economic activity and illustrating its variations
Supply-side policies
Exchange rates
Paper comparison
Marks and duration breakdown across papers in this session
Paper 1 (Standard Level):
Paper 2 (Standard Level):
Marks you can still earn
Where valid approaches outside the mark scheme may still gain credit
No data available in official reports
Practise what examiners flagged
Target weak topics from this report inside the Revui app
Role of government in microeconomics
19 marks this session
Practise in RevuiEconomics of inequality and poverty
15 marks this session
Practise in RevuiCompetitive market equilibrium
10 marks this session
Practise in RevuiSelf-diagnostic checklist
Key actions before you sit this paper — copy and tick off as you revise
- 1Message
Success in Paper 1 heavily depended on structured evaluations in the 15-mark questions.
- 2Message
High-scoring candidates did not just explain subsidies or fiscal policy; they actively weighed their advantages against opportunity costs, welfare losses, and alternative policies (like supply-side strategies).
- 3Message
In Paper 2, diagram accuracy was the ultimate differentiator.
- 4Message
Candidates who carefully illustrated the shift in the supply of a currency when imports fall, or the contraction of domestic supply during quota removal, easily secured full marks.
- 5Message
Compare difficulty across recent years. Compare topic weight by year to spot recurring and returning areas.
Teacher briefing pack
One-page session summary for tutors and classroom review
2024 2024
Economics
Success in Paper 1 heavily depended on structured evaluations in the 15-mark questions. High-scoring candidates did not just explain subsidies or fiscal policy; they actively weighed their advantages against opportunity costs, welfare losses, and alternative policies (like supply
Success in Paper 1 heavily depended on structured evaluations in the 15-mark questions.
High-scoring candidates did not just explain subsidies or fiscal policy; they actively weighed their advantages against opportunity costs, welfare losses, and alternative policies (like supply-side strategies).
In Paper 2, diagram accuracy was the ultimate differentiator.
- Total marks
- 65
- Duration
- 180 min
- Session difficulty
- 3.0 / 5
Session analysis
Success in Paper 1 heavily depended on structured evaluations in the 15-mark questions. High-scoring candidates did not just explain subsidies or fiscal policy; they actively weighed their advantages against opportunity costs, welfare losses, and alternative policies (like supply-side strategies). In Paper 2, diagram accuracy was the ultimate differentiator. Candidates who carefully illustrated the shift in the supply of a currency when imports fall, or the contraction of domestic supply during quota removal, easily secured full marks.
Updated Jun 14, 2026
Paper breakdown
Paper 1 (Standard Level):
Paper 2 (Standard Level):
Top chapters
Exam structure insights
Marks by chapter
See where the marks were concentrated so revision time goes to the highest-value topics.
Mark accessibility
Estimate which marks were basic, mid-level, or high-difficulty.
69% within easy or medium reach
Command word frequency
Spot common command words so answers match the expected response style.
Question type mix
Compare the mark share of each paper section and question type.
Extended / Data-Response Essay
30·2·46%
Diagram & Explanation
16·4·25%
Medium Essay
10·1·15%
Calculations / Short Answer
5·3·8%
Definitions
4·2·6%
Study ROI
Bigger bubbles recur more often; higher bubbles carry more marks, helping you rank revision priorities.
Difficulty trend
Compare difficulty across recent years.
Time vs marks
Compare marks with suggested time allocation to plan exam pacing.
Paper 1 Part a (Mic
0.33 m/minPaper 1 Part b (Mic
0.33 m/minPaper 2 Part g (Dat
0.33 m/minTotal marks
40
Total time
120 min
Avg pace
0.33
Cumulative marks ladder
The line is your running mark total question by question; dashed lines are the estimated grade cut-offs. See which question the line crosses your target grade at, so you know how far you must answer cleanly and which questions decide a band.
Next-year prediction
Topics worth watching next year, with the reason shown directly below each bar.
Demand management (demand-side policies)—monetary policy
85%85%
Sustainable development
80%80%
Arguments for and against trade control/ protection
75%75%
Exam tips
Paper format
- Duration
- 1h 45min
- Total marks
- 40
Analysis is paraphrased for study purposes. Always verify against the official examiner report and mark scheme.