12-26-2009, 03:23 PM
Hi Sunny,
Although Toronto Boy has explained in a very practical way. However, I would like to add in conceptual way.
Basic concepts of every subject are the building block of the subject. A very complex machine always consists of simple machines such as wheel, Polly, lever, gear etc. If you want to be expert in Economics, you should buy a dictionary of Economics. Refer this dictionary frequently and try to understand the basic terminology such as Economic/non-economic/capital goods, elasticity, supply/demand/marginal/market/grow/GDP etc. If you can understand the fundamentals, you will get expertise in Economics.
Another thing is to understand basics of data management and relationships and graphs. If you can understand basic data and have ability to read the graphs, you would be able to memorize those tables and elaborate on the exam. I mean you should be able to explain what horizontal/vertical straight line, a curve or steep curve means. How to calculate slopes and interpret (Effects) them. This way you would be able to understand and elaborate complex economic issues.
Please let me know if you need further explanation.
Regards,
Although Toronto Boy has explained in a very practical way. However, I would like to add in conceptual way.
Basic concepts of every subject are the building block of the subject. A very complex machine always consists of simple machines such as wheel, Polly, lever, gear etc. If you want to be expert in Economics, you should buy a dictionary of Economics. Refer this dictionary frequently and try to understand the basic terminology such as Economic/non-economic/capital goods, elasticity, supply/demand/marginal/market/grow/GDP etc. If you can understand the fundamentals, you will get expertise in Economics.
Another thing is to understand basics of data management and relationships and graphs. If you can understand basic data and have ability to read the graphs, you would be able to memorize those tables and elaborate on the exam. I mean you should be able to explain what horizontal/vertical straight line, a curve or steep curve means. How to calculate slopes and interpret (Effects) them. This way you would be able to understand and elaborate complex economic issues.
Please let me know if you need further explanation.
Regards,
