You are a legend! I used this to write my IA the night before it was due, I haven't gotten my mark back yet but it sounds way better than my old practice IA's Edit : I forgot to say I wrote mine in 57 minutes
I just came here to say THANK YOU. I got my IB results a few days ago and I actually got a 7 in all of my Economics IAs because of you! Your videos accompanied me for the last two years and were very helpful. Thanks again man :)
thank you so much, i used this for my IA and i think i did amazing for ME, i choose economics to challenge myself without knowing what i was getting into and was completely lost then i found this video! thank you again and i wrote my micro IA in about an 1 hour and 30 minutes (with my article picked prior and already having a starter paragraph)
For anyone who is viewing this and wondering what to put into the conclusion i found it was a good approach to conclude why the indirect tax is viable/not viable and shortly explaining how
I wouldn't recommend using this structure anymore. My teacher critiqued me on not focus on key concepts that much. The syllabus has changed since this video was made Edit : just make sure to add the key concept of intervention and you'll be algs
If the news says "approves tax hike" should I still start the graph with no tax intervention in the beginning, since most of the news are about "increasing" indirect text.
yes, of course :) www.drugfree.org/join-together/alcohol/maryland-senate-passes-3-percent-alcohol-tax-increase i can send you my essay if you'd like? but like it isn't finalised, it's just the first draft
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today. May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
+Susan Fan The price is P2. You are correct. But it's not the revenue the firm is receiving. The firm is selling at p2 but is receiving p for its good. p2 - p is the tax and from the market price revenue ( (p2)*Q ) the govt takes (p2-p)*Q which is why he shades the box for tax.
For real my IA is basically the same except replace cigarettes with vaping. Even just taking notes on what he says I feel dirty. Is this plagarism if I follow his guide?
I have a question which I'm not able to find the answer to anywhere, can somebody please help me? What happens to the welfare loss when my indirect tax is more than the external cost of the negative consumption externality? I know it's more, but how? Please let me know if you have the answer.
You have correctly pointed out an issue that is with taxing to reduce the negative consumption of externality. Taxation is a great process as it internalizes the externality, but the disadvantage of this method is that it's difficult to calculate to correct tax amount to completley internalize the cost. Therefore in your case, the quantity demanded/supplied reduces more than it should, and the price rises more than it should. To answer the effect on welfare loss, you have to consider the fact that if the supply curve(with tax) shifts more than required (more than the external cost), then we have to consider the curve as a marginal social curve (MSC) and consider the inital supply curve as the marginal private cost (MPC curve). Therefore MSC>MPC, meaning there is a negative externality of production.
okey so I used the advantages and disadvantages part and there are some parts that cant be written with different words, and I'm afraid this is going to count as plagiarism, `plus i kinda used them in the same order. can someone tell me if it actually DOES count as plagiarism!?
@@yusasanli2936 I think it didn´t show up as plagiarism to the best of my knowledge. Besides, other friends of mine used it too and nothing happened. However, be careful and change the words .
Hey please respond. So I have to submit my IA by sunday. I am pasting the article link that I have chosen, right here: www.bbc.com/news/uk-scotland-48675313. Could you please please please, tell me if this article is a 7-grader or not. Just to provide insight: it is on price controls and alcohol, and it was published an year before (2019) and relies on 2018 data.
I wouldn't say that using this is plagiarism, it acts as a guide to understand how to write the essay(at least for market failure). Stuff like drawing the same diagrams is inevitable but any IB student should know not to copy word for word what he says but rather take the tips and points to start writing and elaborating on their own. The idea of getting a 7 in 2 hours isn't really reiterated in the video, its probably just an eye catching title so people watch the video to help themselves.
+lauren place Ain't nobody got time for individual knowledge in IB. They throw bs like TOK and CAS at us, we'll play their game and throw bs right back.
+lauren place That's a straight way to expending enourmous amount of resources to a mediocre grade in IB or even failing it... Know where your priorities lie. There will be a plenty of time for inquiry once the IB requirements are met, this case, the Eco IA
Used this for my IA the night before it was due, just got my mark back and received a beautiful 7 C: Thank you!
I hope the same thing happens here too! My IA's due tomorrow and I'm gonna work on it tonight!
Amoxil Foxil can you help me with the IA.
정민재 I know this is a year later, but could you say what you got on your IA? I’m really curious lol
@@estaault2450 This
@@minjaijung so what'd you get?
You are a legend! I used this to write my IA the night before it was due, I haven't gotten my mark back yet but it sounds way better than my old practice IA's
Edit : I forgot to say I wrote mine in 57 minutes
Did u get ur score back?
@@horn7277 Not Yet, It was a draft
@@yagizilgazcelik3068 Now that its been another 3 months, can I ask what you got ^_^
What u get
My Econ IA was deleted from my computer due to a sudden crash. The IA is due tomorrow and this video helped me so much! Thank you.
I bet the IB censors are wondering why so many students suddenly drcided to write about cigarette taxation🤣 Great tutorial - helped *a lot*
i sent in mine and i got a 84 % plagiarized scor
@@douglasviking6921 damn, so did u end up getting ur diploma? cos 84% is way too much😆
Honestly my teacher said no one else is allowed to do cigarette taxation anymore.
Not all heros wear capes
I just came here to say THANK YOU. I got my IB results a few days ago and I actually got a 7 in all of my Economics IAs because of you! Your videos accompanied me for the last two years and were very helpful. Thanks again man :)
Just checked my IA due date, its like this video was made for me
I got your help in writing my IA and I got a 7, THANKS ALOT😭😊
Man, you literally saved my life. May God bless you.
yo can u send me urs as a refernce
thank you so much, i used this for my IA and i think i did amazing for ME, i choose economics to challenge myself without knowing what i was getting into and was completely lost then i found this video! thank you again and i wrote my micro IA in about an 1 hour and 30 minutes (with my article picked prior and already having a starter paragraph)
I love you. You saved my life. BLESS YOU AND YOUR LIFE. Your so kind hearted!
thank you for this!! i wrote my ia on carbon taxes (in 2 hrs) and got a 7 (13/14)!!
Do you think you could share it with me? I'm really stuck and I just want to read an example
This mans a genius I got a 6
@@Vesh132-x9u did you ever get help
@@theycallmejorge6693 57 minutes ago you must be the newest comment
@@M_773 no I think that honor goes to you now
In Soviet Russia, cigarette is merit good
in Sweden, cigarettes are funded by the government and are 75% subsidized
This could Def be done in two hours. But not with my procrastinating ass self X(
This helped me so much! I could organise all my ideas so much better after watching this video. Thanks a million!
can u link me the article u used pls i am struggling
thx this helped a lot and saved me from missing my deadline. Kudos to u
GENUINELY U HAVE SAVED ME I WANNA LIEK THANKS U
i love you man, but some advise, change the lighting in the room.
Because of you I got 11/14 Thank you so much for the help
How are you this amazing im watching in 2022 and this is one of the greatest resources I have found!
So what do I put in the conclusion?
For anyone who is viewing this and wondering what to put into the conclusion i found it was a good approach to conclude why the indirect tax is viable/not viable and shortly explaining how
can u please send me your work?
Thank you so much for making this video!
took about 4 hours, but still worth. thanks!
I couldn't figure out how to explain my diagram and this video helped me a lot i hope i get a good grade thank you very much
Asian Jesus
yEAH but he ain't got no beard.
YOU BE THE GUY. WHAT A SAVIOUR
I wouldn't recommend using this structure anymore. My teacher critiqued me on not focus on key concepts that much. The syllabus has changed since this video was made
Edit : just make sure to add the key concept of intervention and you'll be algs
ok thanks! let me know if u have any other tips for the new syllabus
Dude... I LOVE YOU!
absolute legend, we don't deserve you
Mines due tmr video gonna help my educational come back
Is it necessary for me to include numbers on my diagrams/graphs and will doing so get me a higher grade or it is irrelevant?
i dont think you need to include numbers on the graphs just explain the graph well
Wow, this was really helpful! Thank You!
I love this guy, thanks a lot
Thank you great man, great analysis!
Thanks, handing it in tommorow.
2020 followed this video almost to a T and got 12/14 which I believe is a 7.
at 4:00, the supply curve is the MSC, not the MPC
+TAGkX MSC = MPC, so he's still right
Thank you sir! You just saved my life! #LEGEND
Followed this and wrote it the night before and got 13/14 (7)!
thanks for this amazing video, your a great teacher!
BRO I FUCKING LOVE YOU, you're the best saved my grade
does the article need to have a word limit? cause my article is 800 words long around
Thank you for this great video
such a good vid keep up the good work
Thank you for the 7
thnx dude, ur god tier
what article did u use and can u pls link it to me THX
If the news says "approves tax hike" should I still start the graph with no tax intervention in the beginning, since most of the news are about "increasing" indirect text.
Thank u so much ❤
i copied it entirely but switched out cigarettes for alcohol :D
Which article did you use if you dont mind me asking? I am getting pretty stressed with my IA due in a couple of days :S
yes, of course :) www.drugfree.org/join-together/alcohol/maryland-senate-passes-3-percent-alcohol-tax-increase i can send you my essay if you'd like? but like it isn't finalised, it's just the first draft
***** Thanks for the article, man, great help! I think I'll write it by myself, but thanks for the offer.
+Riaz Murad How much did you get? I wanna copy it entirely but switch out cigarettes for soda
I don't envy you right now buddy, lol.
so what do we put in the conclusion?
God bless you dude
can someone expalain why prducer revenue is PxQ and not P2xQ at 6:40
because p2-p is the tax, which goes to the government and not the producers... this is basic knowledge you should know ;)
truly an angel
So do we create 2 diagrams one for externaility and one for tax incidence
Thank you for this
Very. Good. Stuff. Mate
watched your vid 2 hours before the deadline, turned it in in the last 10 mins, lets see what i'll get
Hope it goes well. I got my deadline next night as well.
@@Eemuumi Got a 6, im a sad pepe now
@@Eemuumi what did you get?
@@mr.mayochup9166 lmao I got 6/14 from this one (I didnt follow the video)
intro, graphs, disadvantages, advantages
you are amazing thanks
You have to face a Holy God on judgement day. He sees lust as adultery (Matthew 5:28) and hatred as murder. (1John 3:15) will you be guilty? Jesus took your punishment on the cross, and rose again, defeating death to save you from hell. Repent (Luke 13:5) and trust in Him today. May God soften you heart to receiving Jesus Christ, our Redeemer, as your personal LORD and Savior. Repent and trust in Him today.
5:54 what if it's an ad valorem tax
what about plagarism?
you are a legend
This is so good but one question !! why is the price changed from P1 into P after charging tax ?? why isn't P2 ???
+Susan Fan The price is P2. You are correct. But it's not the revenue the firm is receiving. The firm is selling at p2 but is receiving p for its good. p2 - p is the tax and from the market price revenue ( (p2)*Q ) the govt takes (p2-p)*Q which is why he shades the box for tax.
Oh I see, thanks!
Vaibhav Goel Oh, I see, thanks!
Susan Fan no problem
Please what is the key concept
For real my IA is basically the same except replace cigarettes with vaping. Even just taking notes on what he says I feel dirty. Is this plagarism if I follow his guide?
Hmm great help but can someone send a mirco economics sample ia for me to see plzz i wanna get the structure and everything just to use as an example
google bruv
I have a question which I'm not able to find the answer to anywhere, can somebody please help me? What happens to the welfare loss when my indirect tax is more than the external cost of the negative consumption externality? I know it's more, but how? Please let me know if you have the answer.
You have correctly pointed out an issue that is with taxing to reduce the negative consumption of externality. Taxation is a great process as it internalizes the externality, but the disadvantage of this method is that it's difficult to calculate to correct tax amount to completley internalize the cost.
Therefore in your case, the quantity demanded/supplied reduces more than it should, and the price rises more than it should. To answer the effect on welfare loss, you have to consider the fact that if the supply curve(with tax) shifts more than required (more than the external cost), then we have to consider the curve as a marginal social curve (MSC) and consider the inital supply curve as the marginal private cost (MPC curve). Therefore MSC>MPC, meaning there is a negative externality of production.
@@realdvgarg Thanks a ton Dhruv!
Anyone who can give some example topics for my commentary paper in microeconomics?
What about price ceiling??
blessed thanks!
okey so I used the advantages and disadvantages part and there are some parts that cant be written with different words, and I'm afraid this is going to count as plagiarism, `plus i kinda used them in the same order. can someone tell me if it actually DOES count as plagiarism!?
Alfonso Maldonado Mac-Crohon nah I don’t think so
so did you source it? or did it count as plagiarism? also thinking about using it.
@@yusasanli2936 I think it didn´t show up as plagiarism to the best of my knowledge. Besides, other friends of mine used it too and nothing happened. However, be careful and change the words .
@@alfonsomaldonadomac-crohon8344 alright thanks
is it cigarettes and direct tax or cigarettes indirect tax
Helpful!
Hi, is it ok if I do not include the MSB curve after the tax has been implemented in my diagram, but explain the process anyway.?
Don't you have to mention the article you used?
is there a possibility of getting plagiarised???
Link for IA support:
www.sachinsachdeva.com/p/ib-economics-internatl-assessment.html
I love you
Well... more like 2 hours and 12 minutes
can u link me the article u used i am struggling to find one thx
Lol
still works in 2023
NOT ALL HEROES WEAR CAPES!
ok
Hey please respond. So I have to submit my IA by sunday. I am pasting the article link that I have chosen, right here: www.bbc.com/news/uk-scotland-48675313. Could you please please please, tell me if this article is a 7-grader or not.
Just to provide insight: it is on price controls and alcohol, and it was published an year before (2019) and relies on 2018 data.
okeh
God bless
hiiii
Whoever reading this, God knows what you are facing through, He heard your cry, He is going to deliver you. Just trust in Him.
Obv u don't smoke, if u were, u would claim that cigarettes and tobacco products overall are merit goods XD
I'm addicted to tiktok even tho I don't have tiktok but its cuz I got TH-cam. SOMEONE PLS SEND HELP ASAP
plagarism?
hallo 7b
Ban la God ale chinoi ale
To be honest I didn't really get help from this video. I think, as class unfocusers, we can't understand how to write our IAs following this video.
find a topic that is deep
Isn't this plagarism? The point of ia's is not " to earn a 7 within a time period" ,but to test the individual's knowledge...
I wouldn't say that using this is plagiarism, it acts as a guide to understand how to write the essay(at least for market failure). Stuff like drawing the same diagrams is inevitable but any IB student should know not to copy word for word what he says but rather take the tips and points to start writing and elaborating on their own. The idea of getting a 7 in 2 hours isn't really reiterated in the video, its probably just an eye catching title so people watch the video to help themselves.
+lauren place Ain't nobody got time for individual knowledge in IB. They throw bs like TOK and CAS at us, we'll play their game and throw bs right back.
+lauren place Wisdom from a third year...
+lauren place That's a straight way to expending enourmous amount of resources to a mediocre grade in IB or even failing it... Know where your priorities lie. There will be a plenty of time for inquiry once the IB requirements are met, this case, the Eco IA
shut up
ontws omws
再来亿遍
?
@@archeryang845 你不写ia吗？