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- 2011-7-2
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- 2016-4-15
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Hi,
In economics straight away lines are tested. I secured above 70 in economics and completed the whole book in 1 week. The simple strategy could be underlining the relations and remembering them. For instance for two goods if their cross elasticity is greater than 1 then they are substitutes, if their cross elasticity is less than 1 then they are complementary goods and if the cross elasticity is 0 then they are independent goods. As far as Shweser is concerned go through the summaries well. In Study session 6th focus on the Economic Theories like Neo Classical etc. No need to retain the whole theory just the relation.
Concept of Velocity and supply of money is important do remember that equation. Fiscal policy is an important chapter focus on that but I believe if you re-read the summaries provided at the end of chapters by Shweser in Economics, you'd be able to secure 70 above. I've seen a lot of candidates (including myself) who have done so and fixed it out. Skimming the chapter is a nice strategy. Don't spend too much time on graphs they are unlikely to be tested. Skim the chapter remember the relations and factual statements and retain the chapter end summaries.
Bilal |
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