1. Understanding Economics Concepts

Often, students struggle with this but do not seek immediate help. Closer to the examinations, they have no choice but to resort to pure memorisation of the concepts. This becomes a dangerous downward spiral because as the syllabus content piles up over the 2 years, it can become too overwhelming and intimidating to even start catching up.  

2. Translating Layman Language into Economic Terms and Analysis

Often, students encounter trouble connecting what they have read in questions or case materials with the technical concepts that they have learnt. For example, an extract could mention that “The soaring prices of oil has pressured the government to implement policies to help its people.” From this, we should be able to automatically think of the term “price ceiling and subsidies” and related concepts such as equity. Being able to do so not only allows us to gauge what the questions are going to ask, it also allows us to engage more closely with the extract(s) given, especially in the case study section. Hence, being able to understand issues from the economist's perspective is essential to succeed in Econs! 🧐