# 50+ IB Economics IA Ideas

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## IB Microeconomics IA Ideas

### 1.) Indirect tax on demerit goods

https://www.financialexpress.com/economy/demerit-goods-higher-rates-likely-on-pan-masala-and-gutkha-to-curb-tax-evasion/2259657/

##### Introduction:

Define key terms. In this article, you would have to define indirect tax and demerit goods, with relevance to the context.

##### Diagram:

Impact of indirect tax on demerit goods using an inelastic demand curve.

##### Evaluation:

Assess the effectiveness of the indirect tax using the CLASPP approach (Conclusion, Limitations, Assumptions, Stakeholders, Priorities, Pros and Cons). Suggest alternatives if necessary. In this case, an alternative could be a complete ban on demerit goods

### 2.) Price ceiling

https://www.thenewsminute.com/article/opinion-kerala-has-fixed-price-ceilings-covid-19-goods-it-prudent-149188

#### Define key terms. In this article, you would have to define the price ceiling, with relevance to the context.

##### Diagram:

Impact of price ceiling on the equilibrium level of output/disequilibrium and price using demand and supply.

##### Evaluation:

Assess the effectiveness of the Price ceiling using the CLASPP approach (Conclusion, Limitations, Assumptions, Stakeholders, Priorities, Pros and Cons). Suggest alternatives if necessary. In this case, an alternative could be a subsidy.

##### Introduction:

Define key terms like Merit Goods. In this article, you would have to define the price ceiling, with relevance to the context.

##### Diagram:

Impact of price ceiling on the equilibrium level of output/disequilibrium and price using demand and supply.

##### Evaluation:

Consequences of maximum price would be shortages, welfare impacts (consumer surplus increases), underground markets, inefficient resource allocation and non-price rationing mechanisms. Assess the effectiveness of the Price Ceiling using CLASPP approach (Conclusion, Limitations, Assumptions, Stakeholders (Consumer – Low price, Producer – Revenue decreases) Priorities, Pros and Cons). Suggest alternatives if necessary. In this case, the solution would be to increase government spending through subsidies or direct provision.

### 3.) Negative externalities (Market failure)

##### Introduction:

Define key terms. In this article, you would have to define negative externalities and market failure, with relevance to the context.

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