Economics is EASY!
Many students have the misconception that Economics is a difficult subject to master. It is therefore not uncommon that Economics is usually the subject that A-Level student score the lowest in.
A common thing among students is the tendency to memorise Economics concepts rather than understand them, which is why they always find themselves having to constantly re-memorise the same things whenever there is a test or exam. A major frustration for them is that they would write pages and pages of answers, only to get a dismal score for their papers.
The first step to score A in Economics is to organise your content. It is of utmost importance to know Economics definitions and concepts at your fingertips. This would boost speed in solving the questions under stressful examination conditions! A suggestion would be to compile your own list of definitions and concepts according to chapters. Not all information in your Economics notes is examinable at A-Levels. Therefore, a useful tip would be to read through the economic syllabus from Cambridge found on the SEAB website and note down the important content that will be tested.
The key to doing well in Economics is to be able to identify key question words! These words give directions and provide the outline for the entire essay structure. The information that you write on your papers must be first made clear to yourself. Many students admit that they do not know what is required in their answers, leading to them merely regurgitating from the notes instead of answering the question.
Understanding the key words is the keystone to success! A typical question would be: “Examine the impact of rising oil prices on the economy”. To tackle the question, consider which aspects of the economy will be affected and sum it up with an overview. The word “impact” implies the resulting positive or negative effects of the situation stated. Think along the lines of Economic Growth, Employment, Inflation and Balance of Payment. This would provide a more cohesive answer rather than bits and pieces of scrambled information.
When illustrating a point, your paragraph should always include a topic sentence that gives the overview of the paragraph. After which, the paragraph should include elaboration of the stated theory supported by applicable examples. Do not stop here. For brownie points, remember to provide evaluation for the pointers stated in the paragraph. An example of an evaluation point is: “The fall in personal income taxes may not necessarily cause consumption to rise if the consumers expect future incomes to fall due to current recession. Therefore government should increase spending as it increases aggregate demand directly”. Remember to sum up the whole paragraph by addressing your stand with regards to the question.
A is easy for Economics
At the end of the day, your answer is really just a way of communicating with the examiner about your understanding of the subject matter. Clear, precise paragraphs make your answers easier for the examiner to understand. Do not fall into the trap of writing long-winded answers, thinking that length matters. As clichés as it may sound, neat and legible handwriting does matter. Follow through the above steps of organising information, identifying keywords, and elaborating on your answers. It will lead you to be that one step closer to achieving A in Economics!