How to Study Economics

Of all your new course mates, perhaps about 70% of them have graduated from high school having studied something related to economics. This only indicates that before the semester even begins, you are already at a disadvantage. Before you think you are never going to do better than these people and resign to just scraping a pass in every unit, take a look at these quick tips.


Build Up a Solid Foundation Quickly

Not having the basics does not necessarily imply that you will always be a par below the rest – it just means you have a whole lot of catching up to do. This requires discipline and extra studying outside of your usual tutorial classes and self-revisions. Once the semester begins, it’s going to be piles and piles of assignments so the best strategy is to get going before it even starts.

Visit the library and pull out economics books. Ask your older siblings or friends for advice. Go on the web and simply Google something like “How to study economics;” there are tons of useful guides out there. If possible, look up simple econ questions and attempt them on your own. With a solid foundation, it saves you the shock you will get when the uni professor starts handing out those baffling assignments (which will, by the way, most likely count towards your final grade).

 
 

Draw the Graphs and Charts: Practice, practice, practice!

Economics is all about the graphs. You are going to be drawing graphs all the time, so you need to get very comfortable with them. Remember those essays you did back in school? Well, over here instead of churning out paragraph after paragraph, we use graphs to do the storytelling.

In economics, it is all about the axis, curves, notations, what shifts where, what