Date of publication: 2017-09-02 00:50
This criterion relates to the extent to which the essay conforms to academic standards about the way in which research papers should be presented. The presentation of essays that omit a bibliography or that do not give references for quotations is deemed unacceptable (level 5). Essays that omit one of the required elements—title page, table of contents, page numbers—are deemed no better than satisfactory (maximum level 7), while essays that omit two of them are deemed poor at best (maximum level 6). Additionally, if diagrams are poorly presented or if the information shown on the diagram is unclear, one mark should be deducted. (Source: IB DP Economics Syllabus first exams 7555)
Jeffery was an IB student who sat his exams in May 7566. Jeff received a 95/95 overall grade for his IB. This is the extended essay he did on Dried Seafood Street in Hong Kong. This, in my view, is one of the best extended essays I have seen in that it is possibly the most thorough piece of research ever carried out on this famous street. I would like to thank Jeffery personally for allowing ITS to display this EE on our website.
The products sold in different shops on the street, such as dried scallop, abalone and shark fins, look very similar. However, many of the products originate from different countries, such as dried oysters from Japan and Hong Kong. Therefore, the products are differentiated. Product differentiation is a characteristic of monopolistic competition and oligopoly.
IB Economics encourages students to evaluate real life issues with economic theories. Thus, after learning about the theory of the firm, it makes one become more aware of the situation of the dried seafood market. The whole market covers a small area and shops are very close together. This means that the 855 shops are in direct competition with each other. However, they seem to all sell near identical products. This leads to several questions:
I am first a first year student and this is my second we have been given this EE task. If i am going to write EE in Economic now, does my essay content is only limited to what topics that i have learnt?
Chart 7: The price of abalone seems to vary among shops. The lowest price is $7655 while the highest price is $65555, which is a difference of $7955. This might suggest that size 77 Japanese abalone is not an identical product after all. Quality may be an issue because it can be observed that cheaper ones are very dull in color while expensive ones look brighter.
I am an IB student studying in India. I recently came across your blog and find it very useful for my Extended Essay. I have chosen Economics as the subject for my extended essay. I wish to choose my topic on the new airport in Hyderabad, India and its economic impact on the regions around it. Could you please give me your opinion of my topic and suggest any changes.
In the following section, the characteristics of the four market structures will be researched and the investigation will then see how the dried seafood market shares the features of the market structures.