How Can Students Effectively Deal With The Subject Of Economics?

Economics is the study of how society allocates limited resources to the production of goods and services to satisfy unlimited human wants. It is a social science which deals with human behavior. Due to the high level of difficulty of the Singapore-Cambridge GCE β€˜A’ Level Economics and the high expectations of the examiners, many students have difficulty in coping with the subject, particularly those who do not take economics tuition Singapore from an experienced private economics tutor Singapore. The question is, how can students more effectively deal with the subject of economics which is considered by many to be a dreadful subject.

Logical Thinking

As economics is a social science which deals with human behavior, the subject deals with concepts which many students find it too abstract to fully comprehend. To fully understand these abstract economic concepts, the use of logical thinking is of paramount importance. For example, many students find it difficult to understand the effects of changes in demand and supply on consumer surplus and producer surplus as they find the concepts very abstract. A common approach adopted by students to deal with these concepts is called the diagrammatical approach where they would shift the demand curve and the supply curve on a cartesian plane to determine the changes in consumer surplus and producer surplus. Although this approach is helpful as it simplifies the analysis, it does not enable students to see the logic behind the analysis. Therefore, to fully understand the effects of changes in demand and supply on consumer surplus and producer surplus, students should first engage in logical thinking and then use diagrams (i.e. the diagrammatical approach) to substantiate the results of their logical thinking. The use of logical thinking will not only help students better understand abstract economic concepts, it will also help them remember the concepts as a result of the better understanding. In general, students who take economics tuition Singapore from an experienced private economics tutor Singapore are able to better engage in logical thinking. After all, it is typically beneficial to work with an individual with a more seasoned brain.

Sufficient Level Of Understanding

Many students think that economics is simply a subject which they can memorize the content and pass well in the Singapore-Cambridge GCE β€˜A’ Level Economics examination. They couldn’t be more mistaken. Indeed, economics is arguably the subject which pure memorization will do the least help to students who want to excel in the Singapore-Cambridge GCE β€˜A’ Level Economics examination. The main reason is that the focus of the subject is on the application of the concepts to understand real-world economic events and issues. Therefore, pure memorization will do little help for students in the Singapore-Cambridge GCE β€˜A’ Level Economics examination. Indeed, a student can read a standard economics textbook from cover to cover 10 times over and yet fail the Singapore-Cambridge GCE β€˜A’ Level Economics examination miserably. To put it somewhat differently, in order to excel in the Singapore-Cambridge GCE β€˜A’ Level Economics examination, students should not memorize economic concepts blindly. Instead, they should seek to understand the concepts in order to be able to apply them appropriately. Many students are puzzled at why they are unable to apply the economic concepts which they think they understand. Indeed, as an economics tutor Singapore who has been providing economics tuition Singapore for the last 20 years, this is the most common problem which students when they approach me for help in the subject describe to me. The reason why many students are unable to apply economic concepts is that they have not achieved a sufficient level of understanding of the concepts. Understanding is not a question of absence or presence. Rather, it is a question of level. A superficial understanding of economic concepts, such as the ways in which they are explained in lecture notes, is insufficient to enable students to apply the concepts. To put it somewhat differently, in order to be able to apply economic concepts, students should achieve a sufficient level of understanding of the concepts. In general, students who take economics tuition Singapore from an experienced private economics tutor Singapore are able to achieve a higher level of understanding of economic concepts. An experienced economics tutor Singapore who teaches economics tuition Singapore can help students breaking down seemingly complex economic concepts into their component parts in a way which will enhance the students’ understanding of economic concepts which will enable them to apply the concepts in the Singapore-Cambridge GCE β€˜A’ Level Economics examination.

Linda Geng

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