IB Economics practice exam generator (Paper 1, 2 & 3)
ExamTeX generates printable IB Economics mock papers in the exact format of the real exam — Paper 1 (extended response, 30 marks, 75 minutes), Paper 2 (data response, 40 marks, 105 minutes), and HL Paper 3 (policy paper, 60 marks, 105 minutes). Upload your unit notes, the IB Economics syllabus, or a past paper, and ExamTeX matches the structure, mark allocation, and command terms IB examiners use (Define, Explain, Analyse, Discuss, Evaluate, Examine). A complete mark scheme is generated alongside every paper. Works for both Standard and Higher Level.
Paper 1
Extended response. Choose 1 of 3 questions. Tests command-term writing (a: 10 marks, b: 15 marks).
Paper 2
Data response with stimulus material. Mix of definitions, diagrams, calculations and a 15-mark evaluation.
Paper 3 (HL only)
Policy paper. Quantitative work, diagrams, plus a 10-mark recommended-policy response.
Sample question with mark scheme
(a) Explain, with the help of a diagram, why the imposition of an indirect tax may lead to an underallocation of resources to a market with positive externalities of consumption. [10]
Show mark scheme
Level 3 (9–10): Diagram of negative welfare loss correctly drawn (MSB > MPB; tax shifts MSC further from MSB); explanation references underallocation, deadweight loss, and uses real-world example. Level 2 (5–8): Diagram present but incomplete; partial explanation. Level 1 (1–4): Definition-only response or inaccurate diagram.
Every generated paper includes a full mark scheme like this one.
Common mistakes IB Econ students make
- Confusing "Explain" (10 marks, no judgement required) with "Evaluate" (15 marks, judgement required) and losing 5 marks on every essay.
- Drawing diagrams without labelling axes correctly (price/quantity) or omitting the curve labels (MSC, MSB, MPC, MPB).
- Using real-world examples that are too generic ("e.g. fast food") instead of named, dated, country-specific cases.
- In Paper 3, doing the calculation correctly but forgetting to evaluate the policy in the final 10-mark question.
Frequently Asked Questions
Can ExamTeX generate IB Economics Paper 1 questions?
Yes. ExamTeX generates Paper 1 (a)+(b) extended-response questions in the IB format with the correct command terms (Explain for the 10-mark part, Discuss or Evaluate for the 15-mark part). Each question comes with a full mark scheme indicating Level 1, Level 2, and Level 3 descriptors.
Does it work for both SL and HL?
Yes. ExamTeX generates SL-only papers (Papers 1 and 2) or full HL sets including Paper 3. Specify your level on upload and ExamTeX adjusts mark weightings, time allocations, and Paper 3 quantitative content accordingly.
Will the diagrams in the mark scheme match the IB style?
Mark schemes describe the expected diagrams (labels, shifts, areas of welfare loss/gain) so you can self-grade. ExamTeX renders mathematical and economic notation in LaTeX for clean print output.
Does ExamTeX cover the current IB Economics syllabus (first exams 2022)?
Yes. ExamTeX generates questions for the current syllabus organised by the four units (Introduction, Microeconomics, Macroeconomics, The Global Economy) and uses the current command-term hierarchy. Upload your syllabus PDF or unit notes and it matches the current paper structure.
How is this different from Revision Village or Save My Exams?
Revision Village and Save My Exams have curated past-paper banks. ExamTeX generates fresh practice papers tailored to the specific notes or syllabus sections you upload, so you can target your weak topics with unlimited unique questions in the IB format.
Or generate other study materials
Ready to sit a IB Econ mock?
Upload your notes, syllabus, or a past paper. Get a full mock with mark scheme in under a minute. Free to try.
Create IB Econ mock exam →