Economics Study Help

Free general advice for Studying Economics

  1. Learn the basics first. You can answer a lot of questions just through mastering supply and demand questions.
  2. Practise Questions. To learn you need to practise and answer questions yourself. Don’t just read the textbook. Reading is a form of passive learning; there is a limit to what you can learn this way.
  3. Know your Syllabus. Make sure you know the kind of questions you will get asked in an exam. Looking at past papers is invaluable in this regard. You may be able to find many online.
  4. Don’t just revise what you know. It may sound obvious but often students want to revise what they understand. It is also important to learn and revise those topics you have difficulty with.
  5. Check your own progress. Write down a suitable question. Then write down as many points as you can think of. After you have written down as much as you can, then go and look in your books and add to your notes. What you couldn’t remember is what you need to revise.
  6. Evaluation. Don’t forget the importance of evaluation in answering exam question. This involves looking at the other side of the arguments and the relative significance of points. More information on evaluation here: In UK A Levels the evaluative component can count for 40% of your mark.
  7. Plan your Revision. Don’t put off revision until the night before. Perhaps this is a teacher’s most often quoted piece of advice but there is a limit to what you can learn in one day.
  8. Don’t be discouraged in the Beginning. Don’t be put off if you are having difficulties at the start. Often students struggle with Economics in the beginning, because there are a lot of new ideas to learn. However if you get stuck on one topic often you find it makes more sense later, when you have a deeper understanding of the subject. When teaching macroeconomics it is always difficult to teach the first topic because all the topics interrelate. E.g. studying unemployment will inevitably deal with inflation, interest rates, economic growth e.t.c. It is worth persevering, it will become easier in the future.
  9. Use Simple Guide to start off with. If your textbook feels incomprehensible and too long, start off with a simple revision guide. This will give you the general understanding to move onto more complicated topics. Also be aware that many economics textbooks will cover material not in your syllabus. For example most textbooks are not designed for A levels but include some material for 1st year of University. Similarly if your studying 1st year at university you may find an A level textbook invaluable for helping you to get started.
  10. Answer Question Set. Keep checking you are answering the correct question. This is the most common reason for doing worse in exams than expected. Students write good economics but they fail to address the question set. Therefore they get no marks. It happens very often, so don’t be over confident. Keep checking question.

1 thought on “ Economics Study Help”

  1. I have a few questions and it will be great if you would consider to help me.
    I have an economics test in 2 days and I really need your help with structured questions ASAP.

    Thank you! Please help me I have no idea.
    Regards a student from Dubai

    Reply

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