I learned that the IB assessment is different from the traditional, cram and memorize kind of studying. You do not need much adjectives like giant or minimal. If you can give a proper diagram and is able to explain about it, you will get a high score. You also need very clear explanations of the differences and what the diagram shows in real life. I think the formative/summative assessment is working very well, since I am betting better scores this way.
This article is about sierra Leone, a country in Africa.
They are currently building a beach to attract tourists, but by doing this, they cannot save the poor because the country only has limited money. The country will have to choose between more touritsts and a rich economy, or little tourists and less poverty.
Source:http://damage007.com/images/ist2_6321254-gold-dollars-money-growing-in-pots.jpg
In economics, a entrepreneur is one that uses his money to invest and grow his business. By depositing, investing, and spending in the right way, they can increase their funds. Failure in making the right choices might lead to bankruptcy.
Bill Gates is a wonderful example of one of the successful entrepreneurs. He chose to drop out of Harvard. this was a choice made so he can concentrate on his enterprise, and he was very successful. Now he is one of the richest people on earth, and by having lots of money, he can do things for others in a scale that no other can. The article is a example of what he can do. $10billion is not a price that anyone can give away free, but Bill Gates can with his economic abillites.
This is a good side of entrepreneurs, because with success and money, you can help people in a very large scale.
This article is very successful in talking about the basic economic concept of opportunity cost.
it says that driving electric cars might, in the end, be more expensive than riding a normal car because of the money you have to put in to buy the car. Electric cars are very costly so, the costs to buy a normal car and to pay for the gas periodically is cheaper than buying and mentaining a electric car.
Although Electric cars are eco friendly, it seems that we will be stuck driving gasoline cars till electric cars are far less costlier.
I think that Economics is a extremely important subject, when I was choosing my classes I knew I was going to take Econ; whether it be HL or SL. The importance of Econ I believe, comes from the fact that we live in a market driven economy. We have to be aware of what happens in that economy and ultimately when we are independent adults, we need to take responsibility as a part of the economy. To be able to take responsibility, I thought that I needed to study economics. I hope that this HL econ class will prepare me for the future, letting me know how this capitalist world works. 
Although a little extreme, I think this picture shows a idea of how capitalism moves around money and property, and peoples desires to look like the people in the picture.
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