One of the most common misconceptions about economics is that it is all about numbers, quantities, and charts. Albeit economics has an obvious affinity with numbers, it is much more than that. Rather, it is about the relationships of certain concepts such as prices of goods, losses, income, import, and export and how they relate to the functioning of small and big economies, businesses, individual workers, and every other man engaged in the expenditure of goods and services.
Understanding economics is two-fold, and it's not totally new too. First, one should know the theory, which includes the economic concepts of profits, losses, investments, and the like. This is achieved through lecture in classrooms or any other form of formal instruction. Private economics tuition is one other popular way. The other facet of learning economics refers to applying these theories into inferring and creating solutions to real-life conditions.
Take for example the concept of inflation: an economics student learns about inflation theory with lecture. He learns that a high inflation rate means volatile prices of goods and services, and that a low one, on the other hand, means stable prices. Once he has understood enough, he could now study certain economies and deduce why their inflation rates are high, and more importantly, suggest ways through which people, businesses, and the government can cope with unfavourable inflation values.
One of the more helpful ways to understand economic concepts is by writing about them. Indeed, Jc econs tuition is almost useless if founded on pure theory. Writing economic essays is among the more reliable methods to gauge a student's understanding of these concepts and to hone them even more. In Singapore, for instance, the GCE 'A' Level H2 Economics puts topnotch value on essay outputs, 60 percent specifically, to gauge Econs Tuition understanding comprehensively.
As a student, you are therefore encouraged to pay close attention to how you put your economic understanding into paper, since these would lead you to passing or flunking your exams. Read every essay question with care, note the appropriate keywords on the questions, remember your economic theories well, and write a structured whole, including an introduction, body, and a conclusion.
Understanding economics is two-fold, and it's not totally new too. First, one should know the theory, which includes the economic concepts of profits, losses, investments, and the like. This is achieved through lecture in classrooms or any other form of formal instruction. Private economics tuition is one other popular way. The other facet of learning economics refers to applying these theories into inferring and creating solutions to real-life conditions.
Take for example the concept of inflation: an economics student learns about inflation theory with lecture. He learns that a high inflation rate means volatile prices of goods and services, and that a low one, on the other hand, means stable prices. Once he has understood enough, he could now study certain economies and deduce why their inflation rates are high, and more importantly, suggest ways through which people, businesses, and the government can cope with unfavourable inflation values.
One of the more helpful ways to understand economic concepts is by writing about them. Indeed, Jc econs tuition is almost useless if founded on pure theory. Writing economic essays is among the more reliable methods to gauge a student's understanding of these concepts and to hone them even more. In Singapore, for instance, the GCE 'A' Level H2 Economics puts topnotch value on essay outputs, 60 percent specifically, to gauge Econs Tuition understanding comprehensively.
As a student, you are therefore encouraged to pay close attention to how you put your economic understanding into paper, since these would lead you to passing or flunking your exams. Read every essay question with care, note the appropriate keywords on the questions, remember your economic theories well, and write a structured whole, including an introduction, body, and a conclusion.
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