How students Can Prepare for IB Economics exam in Singapore

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Best Tips to Prepare for IB Economics Exam in
Singapore?
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Understand CONCEPTS
Similar to other syllabus, the basics of IB
economics covers the fundamentals of
microeconomics and macroeconomics. Beyond this,
the thorough understanding of global economy is
essential as well. The broad topics covered in
Microeconomics include Demand
Supply Competitive Market Equilibrium Maximizing
Behaviour of Consumers and Producers Elasticity
of Demand and Supply Market FailureExternalities
and Common Pool or Common Access Failures Market
FailurePublic Goods Market FailureAsymmetric
Information, market power The Markets Inability
to Achieve Equality A comprehensive
understanding of subject material is essential to
apply the knowledge, solve case studies and
write essays.
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REVISION
Revision is an important component of studies in
general as its probably the one and only
effective way to reinforce the material that has
been learnt. Our memory fades easily over time
unless and until we try our best to continuously
revisit the topics being learnt.
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PRACTICE TIME MANAGEMENT
During an economics exam it may always seem like
a race against time and this is hence the reason
behind compromised quality of essays in exam
paper. Though students may be knowledgeable and
may have the capacity to write well, their
ability to perform well in an examination may be
compromised if they do not know how to
strategise well and write rapidly for their
essays.
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EXAM ANXIETY
It is absolutely necessary for students to be
calm and to pay attention to details in the
case-study and questions, as well as to write
with speed and accuracy without letting exam
anxiety consume them in its entirety.
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