An introduction to economics
Studying economics can be challenging for students, as they are required to grasp foreign concepts such as supply and demand, price mechanism, scarcity, comparative advantage, and opportunity cost. Students are also challenged to learn new economic terminologies and skills including critical thinking and problem-solving. Continue reading this article to find out how to ace your economics examinations if you are currently struggling with the subject.
5 core steps to ace Economics A-Levels Examinations
Regularly keep up with current events
In economics, it is essential to keep up with the latest social issues since they could greatly impact the financial and economic landscape of an organisation, a country or even the world. To get a head start, subscribe to news sources such as the Straits Times, Bloomberg News, and the Economist.
Learn the examination’s techniques
Economics involves more than just memorisation. Although memorisation is necessary for reciting certain key economic theories and concepts, it is important to demonstrate to examiners that you understand how to apply certain key economic theories and concepts. This can be done by examining the mark schemes and learning how each section or question will be graded to ensure that your answers satisfy your examiners’ requirements.
Make use of economic theories
It is vital to put the concepts you have learnt about economics to use as well. With the numerous and unique economic theories, you will benefit from learning them by heart and applying them to various examination questions. This differentiates you from other students who might just be repeating material from the textbook and demonstrates to examiners that you go above and beyond by conducting additional research to thoroughly comprehend the concepts.
Use the 4-Step thinking process
This can be accomplished by following the four-step procedure, which entails identifying the issue, outlining it, providing relevant examples or data, and finally rendering a critical analysis or judgment.
Review your work consistently
Prior to any study session, make sure to review the content you covered in the previous session. This can aid in reviewing the concepts you learned previously and make it more likely that you remember them.
5-Step Process Made Easier with JC Economics
Studying economics in the A-Levels is no easy feat. Using the 5 core steps outlined above can make studying economics easier. This 5-step process is frequently used in our classes at JC Economics as part of our teaching approach.
We at JC Economics are proud of our standing as Singapore’s best A Level economics tuition provider. As a testament to our effective results, we have earned multiple accolades and press attention from prestigious news outlets including BBC, CNBC, and The Straits Times. With our weekly intensive lessons encompassing essays and case studies, effective teaching methodology, and flexible online and offline class options, we hope to cultivate our students’ interest in economics and equip them for success in economics examinations. Additionally, we offer intensive revision programmes that cover material from the JC 1 syllabus and help students improve their understanding of each topic. If you are looking to excel in your Economics A-Levels examinations, sign up for a class with us now.