In school, we have different minor and major subjects. Some of them are science, math, history, arts, and economics. But today, we are going to focus on just one of them – economics. According to the Business Dictionary, economics deals with the theories, principles, and models that deal with how the market process works and to today, we are going to talk about why we should study economics and how to study economics.
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Let us first talk about some reasons on why we have to study economics. Complete University Guide will give us eight.
Eight Reasons to Study an Economics Degree
For those considering a degree in this area but need further convincing, the Complete University Guide lends its expertise. Here are eight compelling reasons to study an Economics degree:
- Excellent graduate prospects
Take a look at our Economics subject league table, read down the graduate prospects column and you’ll see that economics students stand a fair shot of gaining professional employment within six months of graduating. The top ten universities for Economics all enjoy a score of over 80%.
- Good graduate premium/graduate salary advantage
In 2016 Economics placed highest in our rankings for professional premium. This means economics graduates in professional jobs earn on average £9,876 more than those in a non-professional job.
- Economics and the world
Economics is truly all around us, present in almost every aspect of our lives. Studying the subject gives students a generalist understanding of the world we live in and its inner workings. Students learn everything from what determines the price of goods and services to why the average standards of living vary so widely within and between countries. Read more here.
One important reason that we have to study economics is the real life applications that we could have from it. Another is that economics is all around us. Since it is all around us, it would be great to have a good knowledge of it.
In relation to that, we are now going to talk about studying economics and how we could score A for A-level H2 Econs. Yodaa will be the one to tell us about it.
How to score A for A-Level H2 Econs
A huge majority of students fail Econs in JC exams. In most schools, the failure rates for Econs is at least 50% during prelims. Yet the silver lining with Econs is that it’s the subject where a good 20-30% of students who score U during the prelims will go on to score an A in the A-levels. The reason is simple: the school papers are tough and well beyond the marking standards of the A-levels. Even with less than 2 months to the actual exams and you staring at that U grade for your prelims, don’t fret too much. Instead, focus your time and energy on these 3 actionable tips that would help you attain that A in the A-levels.
Plan your time
One of the most common complaints given by students is that there is simply too much content to study for the A-levels. So let’s break this down a little. Typically, Paper 1 covers all topics in the syllabus. Paper 2 requires 3 out of 6 questions to be chosen, with a mandate that at least one macro and one micro question are attempted.Read more here.
JC Examinations are important for you to have a certificate as a proof that you have completed the junior cycle of secondary education that is why you really have to study hard for it. We have already provided you with some tips on how to score high for economics. Now, AceYourEcons will tell us about JC econs case study tips to salvage your case study marks immediately.
JC ECONS CASE STUDY TIPS TO SALVAGE YOUR CASE STUDY MARKS IMMEDIATELY
We understand that many JC students are totally clueless about JC Econs Case Studies and how to do well for them!
Before we go on further into uncovering the tips to do well for case studies, let us uncover the rationale why case studies are involved in A level Econs syllabus in the first place:
Data Interpretation & Higher Order Thinking Skills – Cambridge realised that since early 2000, A level students that they had churned out were typically very good at memorising essays and MCQs (yes, in the early days, MCQs were very popular) but not “practical” enough, in the sense that they could not interpret real life economics data i.e inflation/unemployment table and most importantly, not being able to apply the economics knowledge they have learnt in classroom onto real life scenarios & critique the limitations of the economics knowledge they have learnt. Case studies is the perfect replacement tool of MCQs to test the application skill of candidates in the form of data analysis and critical thinking. Read more here.
Some students are really having a hard time answering case studies. The reason on why case studies are given is already mentioned above, including the reasons why students are getting hard up with it, and some powerful answering techniques as well. We can now answer economics case studies with the tips given above. Students might find it difficult, but there are really techniques to make things easier.