How to Study for Economics (1 Viewer)
- Thread starter tOnnyAyye
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Read and go over your notes and re-write them, just so you can memorize them.
Only way to improve on essay responses and short answers, are to practice questions over and over and over till your wrist breaks, let teachers read it and then continue from there.
Hope that helped, lmao xD
Only way to improve on essay responses and short answers, are to practice questions over and over and over till your wrist breaks, let teachers read it and then continue from there.
Hope that helped, lmao xD
OzKo
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Make sure you know how to apply the theory to the real world. Don't bore yourself over what's in the textbook too much as solely focusing on this part of the course will not result in the best marks.
Perhaps you could write a set of notes for the subject and then have accompanying statistics/policy details?
Perhaps you could write a set of notes for the subject and then have accompanying statistics/policy details?
tOnnyAyye
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Umm.. I created my notes for Economic Issues and Economic Policies and Management. As of right now, I'm learning the Global Economy.
In terms of answering short-answer questions, I have difficulty trying to answer as consise and succinct as possible. This may involve the use of integrating statistics, applying theory, etc.
For essays, how should I structure it ??
In terms of answering short-answer questions, I have difficulty trying to answer as consise and succinct as possible. This may involve the use of integrating statistics, applying theory, etc.
For essays, how should I structure it ??
alexwareham2
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Short answers are the death. Hate them. Always got like 25/40. They are just eww.
Although with the essays, you need to write an amazing introduction. Basically just introduce the topic and explain your layout with a few facts or information that will enhance your response and explain where you are going.
Then you do your body, in which I would recommend 3-4 paragraphs, with at least 2 diagrams, which are explained and used to support your points. 250-300 words per paragraph is what I did.
Then I would just write a conclusion which linked back to the intro. The key is to link all the paragraphs, have lots of stats, and aim for 1200-1500 words. Although it seems impossible, it is what you need.
BTW never got below an 18/20 for an essay and that is what I did.
Although with the essays, you need to write an amazing introduction. Basically just introduce the topic and explain your layout with a few facts or information that will enhance your response and explain where you are going.
Then you do your body, in which I would recommend 3-4 paragraphs, with at least 2 diagrams, which are explained and used to support your points. 250-300 words per paragraph is what I did.
Then I would just write a conclusion which linked back to the intro. The key is to link all the paragraphs, have lots of stats, and aim for 1200-1500 words. Although it seems impossible, it is what you need.
BTW never got below an 18/20 for an essay and that is what I did.
alexwareham2
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+Find articles that you can quote.
What did you get for Economics last year mate
alexwareham2
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80. From answers on here I got 12/20 for MC, and I assume I got 18+/20 on both essays as it is all I can do. More likely 19 or 20 though after my score and how much I screwed the rest.
alexwareham2
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Employment/Inflation-Phillips Curve-finding the perfect balance to get best productivity-conflicting in nature.
Economic Growth/Environmental Sustainability-At what line are we overproducing, e.g. China or mining resources as well as pollution. Best example is Carbon Tax, as it will reduce amount of pollution due to high taxes, thus less resources will be sold in a month as before-could bring in supply/demand-talk about a conflict yet pushes up the price as less is available, yet if it is too high will just go elsewhere.
Economic Growth/Exchange Rate-Exchange rate too high you sell less, but you want it high as it shows investment, which means money is coming into the country. A fine balance-use recent boom in AUD/USD as an example. A simple price evaluation and at how high someone will pay for a product-bring in China and resources. Too high they go overseas. This can then branch into another paragraph on inflation and economic growth.
Or that could go before the economic growth stuff, so right after inflation. Then it flows.
Aim for 200 words per paragraph, and 150 for intro, 100 for conclusion.
Hope that helps!
Economic Growth/Environmental Sustainability-At what line are we overproducing, e.g. China or mining resources as well as pollution. Best example is Carbon Tax, as it will reduce amount of pollution due to high taxes, thus less resources will be sold in a month as before-could bring in supply/demand-talk about a conflict yet pushes up the price as less is available, yet if it is too high will just go elsewhere.
Economic Growth/Exchange Rate-Exchange rate too high you sell less, but you want it high as it shows investment, which means money is coming into the country. A fine balance-use recent boom in AUD/USD as an example. A simple price evaluation and at how high someone will pay for a product-bring in China and resources. Too high they go overseas. This can then branch into another paragraph on inflation and economic growth.
Or that could go before the economic growth stuff, so right after inflation. Then it flows.
Aim for 200 words per paragraph, and 150 for intro, 100 for conclusion.
Hope that helps!
chrisman9519
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What i do:
1- Subscribe to the Economist
2- Take good notes
3- Remember to go over lists of things and definitions for example
Lists e.g.:
- Characteristics of a market economy: Freedom of enterprise, private ownership of property, Consumer sovereignty, The market system ( +price mechanism)
or
- Advantages of internal economies of scale: Can specialise, can invest more in capital, can buy raw materials in bulk, can find a product for by-products, can find finance easier, can invest in R&D and human capital
- other lists : factors of production, impacts of upswings and booms, supply of labour affected by:, what is included in 'land'
Definitions e.g.:
Define Capital good
Define External Diseconomy of scale
Differentiate Productivity and Production
Define Inferior goods
Define equilibrium
4- Try and find an essay structure you like and try it out on some practice essays ->give it to your teacher to mark and for feedback, especially on structure
5- It sounds unnecessary but it will amazingly increase your short answer skills, buy a workbook for economics (doesnt cost that much) and try and do the questions open book (with notes out) and try and get 100% in all the areas (multiple choice and short answer) --- find out where you struggled and fix it.
6- Ask teacher stuff, and tell him/her of hsc goals
1- Subscribe to the Economist
2- Take good notes
3- Remember to go over lists of things and definitions for example
Lists e.g.:
- Characteristics of a market economy: Freedom of enterprise, private ownership of property, Consumer sovereignty, The market system ( +price mechanism)
or
- Advantages of internal economies of scale: Can specialise, can invest more in capital, can buy raw materials in bulk, can find a product for by-products, can find finance easier, can invest in R&D and human capital
- other lists : factors of production, impacts of upswings and booms, supply of labour affected by:, what is included in 'land'
Definitions e.g.:
Define Capital good
Define External Diseconomy of scale
Differentiate Productivity and Production
Define Inferior goods
Define equilibrium
4- Try and find an essay structure you like and try it out on some practice essays ->give it to your teacher to mark and for feedback, especially on structure
5- It sounds unnecessary but it will amazingly increase your short answer skills, buy a workbook for economics (doesnt cost that much) and try and do the questions open book (with notes out) and try and get 100% in all the areas (multiple choice and short answer) --- find out where you struggled and fix it.
6- Ask teacher stuff, and tell him/her of hsc goals