The following is the set of thinking skills which students taking economics tuition at Economics Cafe are expected to demonstrate in the Singapore-Cambridge GCE ‘A’ Level Economics examination.
Thinking Skill
Explanation
Evaluation
Ability to detect fallacies in arguments
Ability to question underlying assumptions
Ability to consider the arguments for and against to reach a reasoned conclusion
Ability to recognize the limitations of economic theories and concepts in the analysis of economic questions in particular applications
Analysis And Synthesis
Ability to break down an argument or information into its component parts, identify ways in which the parts are related, and reorganise them into a new entity using economic analysis
Ability to distinguish between statements of fact, value judgments and hypothetical statements
Application
Ability to apply economic theories and concepts to explain economic questions presented in a novel way
Ability to apply economic theories and concepts to explain contemporary events
Comprehension
Ability to apply economic theories and concepts to explain economic questions of a routine nature
Knowledge
Knowledge of economic theories and concepts
Knowledge of the Singapore economy
Some knowledge of the major trading partners of Singapore such as the United States and China
Some knowledge of international institutions such as the World Bank and the International Monetary Fund
