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Tips for Success!
Tips for
Success!

Tips for Success!

Tips for Success! How to study Economics?

How to study Economics?

How to study Economics?

How to study Economics?  Things you MUST have, with no exceptions:  textbook  Whatever

Things you MUST have, with no exceptions:

textbook

Whatever the reason your lecturer gives to “excuse” you from buying a proper textbook, including his/her quality notes, you have NO REASON not to get yourself a quality Economics textbook.

Why do you need one? Because no notes can be more comprehensive than a 748-page textbook! If you want to score, don’t penny-pinch over this!

My recommendation? Get Sloman’s book on Economics, any edition.

very concise and well-structured

modeling after his style of writing will help you tremendously in writing ‘proper’ economic answers, justifications, and expositions.

JUST BUY IT!

a dedicated A4-sized notebook just for Economics

Just as you preserve photos, do this to satisfy your love for Economics!

How to study Economics?

How to study Economics?  Things you MUST do, with no exceptions:  read textbook, even
How to study Economics?  Things you MUST do, with no exceptions:  read textbook, even

Things you MUST do, with no exceptions:

read textbook, even ditch your lecture notes if you must

This is a MUST. Don’t give excuses like not enough time. You have 24 hours, and so do I.

Discipline! I know it’s boring to read textbooks. Rest assured, even the most diligent of students feel drowsy within 30 minutes of reading textbooks. Discipline is what differentiates them from the rest.

write notes yourself

Don’t copy from textbook blindly; we need no photocopier. Write with your brain actively involved in the writing process!

Read and understand, then rephrase them for your notes.

keeps your mind actively meditating on the important points

own writing style aids retention & recall of knowledge

practice for economic reasoning and essays

Write broad headlines, with expositions and examples.

How to study Economics?

How to study Economics?  Some approaches to studying Economics:  language used  Economics has

Some approaches to studying Economics:

language used

Economics has its own technical jargon. It is full of common words that have different meanings from everyday use.

Failure to use proper economic language will have dire results!

definitions and explanations

These are worth paying attention to as they are the core of the subject and are used to demonstrate economic reasoning in your answers.

diagrams and tables

These are tools of the trade that help illustrate the concepts being explained (see above). An ability to draw and interpret these items is a core skill absolutely required.

marginalist principle

Analytical skill very important to the study of economics.

How to study Economics?

How to study Economics?  How to score in Economics?  proper framework  Many students
How to study Economics?  How to score in Economics?  proper framework  Many students

How to score in Economics?

proper framework

Many students lack the proper framework to structure their answers, resulting in illogical and messy answers.

Don’t memorize! There is no one framework that works for all answers. You need to create them to suit the type of questions being asked.

When one question ask you to discuss whether there is a need to change the current policy adopted by Singapore government for Healthcare, you need to:

Evaluate the healthcare market – nature and characteristics which gives rise to certain unique problems.

Evaluate all possible solutions to deal with those problems, with justifications and examples.

Evaluate Singapore’s policy against those solutions discussed.

Recommend any changes, if any. Maybe a small summary to tie any loose ends.

How to study Economics?

How to study Economics?  How to score in Economics?  accuracy of language  Absolute

How to score in Economics?

accuracy of language

Absolute statement: Gold prices are high.

Relative statement: Gold prices are high relative to

Always provide a reference to benchmark against; what do you mean by high? Compared to WHAT?

Economists are nitpickers; be exact with what you say.

Good Luck & Enjoy Learning!

Good Luck & Enjoy Learning! You will soon find Economics to be the most useful cheat

You will soon find Economics to be the most useful cheat in the game of life!