How To Prepare O Level Economics (2281) and IGCSE Economics (0455) Subject From Scratch To Get The Best Grade In CAIE Exams | Tips By Sir Hunain Zia

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Studying routines can be quite stressful, especially when one is trying to get a good score on the exam. However, what can increase this stress is the excessive level of myths that exist about exam preparation. The main purpose to make this post series is to bust those myths about preparation of subjects for CAIE O Level / A Level and IGCSE. The post will be accompanied by 2 other posts: Examination Solving and Attempting Tips, and Schedules for each subject

How To Prepare: General

  • Economics O Level (7115) and IGCSE Economics (0450) requires you to attempt 2 exams: The MCQ paper and the theory paper.
  • The following method is what I prefer for the preparation in most cases.

The Prerequisites

  • For this subject, you can use either Sir Hunain Zia’s notes, or use the book by SUSAN GRANT. The book is a gem. It has all the information you need in excessive details. Using the book will make you well-versed in every scenario.

The Method

  1. Read one complete section from the book. There are a total of 8 sections. Follow the process section wise. However, do NOT just read the sections
    1. For Economics of O level, memorization forms a large part of your success. That is true.
    2. When you are reading any section, do try to memorize the key points given for explanations
      1. For example, in the first section, you are given the reasons why the labor force can increase and decrease in any country. You need to almost memorize them by heart.
      2. Similarly, in Section 3, you need to memorize the roles of the Central bank.
      3. These are just a few examples to show the importance of memorization in Economics of O Level.
      4. However
        1. Do not memorize the minute details. For example, the useless explanations.
        2. Instead, memorize the key points and learn the other stuff by reading with complete focus ad understanding.
    3. Also, do write down anything that is particularly problematic for you so that you can revise it later.
    4. NEVER TRY TO CRAM DEFINITIONS
      1. Why? Because economics is not a cramming based subject
      2. You need to understand what the theory means in order to get the best marks.
      3. The best way to do it is by understanding definitions
        1. For example
          1. When learning the law of demand, try focusing on why the law is the way it is: why demand reduces when price rises?
          2. Common sense says that when price increases, both the willingness and ability to purchase something reduces, which becomes the reason for this law.
          3. This approach to learning is better than cramming.
  2. Once you are done with such reading of any section, do the topical past papers since 2002 of both variants, and both series for PAPER 1.
    1. Yes! Topical MCQs are the best way to key focus concepts and ensure that you know the basics of each section.
  3. After you have completed all the sections this way with the topical, start revising each section and doing its CHOICE BASED TOPICAL QUESTIONS from Paper 2.
    1. Do at least 5-7 questions of each section and compare your answer with the marking scheme.
    2. Your focus must be on 1 crucial thing: WHERE NOT TO MAKE A DIAGRAM
      1. One reason students do not perform well in this exam is making a diagram where it isn’t even required. Thus, focus on understanding where NOT to make a diagram during your practice
      2. Also, focus on understanding how to write concisely without missing any details.
  4. Once you are done with all the above: start complete past papers. Make sure your attempt the compulsory question 1 now and revise the macro section (Section 5-8) along the way.
  5. Try to focus on how the compulsory question focuses a lot on interpretation along with writing itself.
  6. Do make fictional scenarios and try making their diagrams for practice.

The Pitfalls

  • During the preparation of Economics, learn where a diagram is required, and where it is not.
  • Make sure you focus on writing speed for paper 2.
  • Try different close-call scenarios for diagrams.

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