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  • Unit 1: Economics of the Market
  • Unit 2: UK Economic Activity
  • Unit 3: Global Economic Activity
  • Data for Applied Economists

Studying Tips

Block Type
Learn Block

This learning block will give you some useful study tips and give you ideas of different methods to revise for your exam.

Studying Tips

😁
As a graduate Economics student who has sat a lot of exams and been in the same situation you are in right now, these are some of my tips to help you ace your exam:
  • Prioritise your time
    • Focus on topics you feel weakest in. I know it’s easy to revise the topics you are comfortable with but in Economics it’s important you know the whole course as anything could come up!
    • For example, spend 1hr 30 mins on a topic you really struggle with compared to maybe 30 minutes on a topic you are comfortable with
  • Find a place to study which suits your study habits
    • Try and avoid places you will get easily distracted
    • Work in an environment that keeps you best focused - this could be in silence, with music, background noise etc - do what you feel works best for you!
    • Find a comfortable space to avoid distraction due to discomfort. This will also give you a positive association with your study space
  • Take breaks
    • Take a break when you need it, some students will need more than others
    • Some students might work best in structured intervals, for example working for 30 minutes on, 10 mintutes off
    • Other students might work better with longer study periods and longer breaks in between
    • No person will feel motivated all the time, so try and take advantage of sustained periods of motivation, especially if you feel it might drop for a while
  • Give yourself rewards to look forward to
    • After a study session, reward yourself by watching an episode of your favourite TV show, or hanging out with your friends and family
    • This will help keep you motivated for your study session

Different methods of studying

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There are lots of different ways a student might want to study. Every student;s learning methods are different - there’s not necessarily a right or wrong study method! Try different study methods and stick to the ones that work best for you.

Here are some different methods you could use to study:

  • Mindmaps
    • You could make a mindmap for each learning block or summarise a topic
    • Tailor the complexity to your needs - from broad overviews to detailed breakdowns
    • Use these mind maps as self-testing tools:
      • Verbally explain the concepts without looking at the map
      • Try recreating the mind map from memory
  • Flashcards
    • You can make flashcards for specific definitions or concepts you want to remember
    • These could either be physical flashcards or ones made online, such as Quizlet or Brainscape
    • A technique you can use to focus on the material you struggle with is the ‘traffic light’ or ‘red, amber, green’ method. This technique is particularly effective with physical flashcards
    • As you review each flashcard, categorize them into one of three piles
      • Red - indicates concepts you struggle with or need a lot of work
      • Amber - represents topics you partially understand but need more practice
      • Green - signifies material you’re confident about and have a solid grasp on
    • This visual sorting allows you to quickly identify areas needing more attention (red), topics requiring more practice (amber), and subjects you’ve successfully learned (green)
    • Prioritize your study time by focusing primarily on the ‘red’ pile, then the ‘amber’, while occaisionally revisiting the ‘green’ to maintain knowledge
    • As you progress, cards will naturally move from red to amber to green, so hopefully at the end you are confident with most of the course material
  • Teaching others
    • You can pick a specific learning block or topic and present the material as if you’re teaching it to a non-economics student
    • There are different ways you could do this:
      • Develop your own teaching materials: presentations, posters, or mind maps
      • Bring in a sibling, family member or friend who doesn’t know much about economics and see if you can try teach them some of the material
    • Chalenge yourself to explain concepts without referring to notes
    • This helps deepen your understanding of the matieral and identifies areas where your knowledge might be lacking
  • Past papers
    • Practice with past exam questions to familiarise yourself with the format and expectations
    • Take advantage of the available marking schemes and the EF Hubs knowledge checkpoints with models answers to help refine your answers
    • When you get more comfortable with the material, attempt past papers under time, exam-like conditions
    • Here is a link to access past Higher Economics exam papers and the marking schemes
    • SQA - NQ - Past papers and marking instructions

      sqa pastpapers

      www.sqa.org.uk

  • Working in groups
    • This method doesn’t work for everyone and can often be distracting if working in the wrong group, but if you have a group of peers you work well with it can be benefical
    • Use group sessions to complement, not replace, individual study time
    • Can use this group study time to bounce concepts of each other to gain new perspectives or practice marking each other’s work to get into the mind of a marker
  • Notes
    • Create a comprehensive, well-organised set of notes you can use for easy reference during revision
    • Personalize your notes through colour-coding to categorise information and enhance retention
    • Actively engage with your notes, like creating a one-age topic summaries or regularly review and summarise key points in your own words
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