Economics Skills (1 Viewer)

[charlie_charlie]

People!!!! I desperately need your help...I have no skills whatsoever in Economics calculations....any tips/past papers/books I should get to help my unskilled mind in working out economics problems?

 

[Sarah168]

skills in mathematical calculations in eocnomics or in theoretical problem sovling?

 

[santaslayer]

Calculations: What you would normally do in mathematics. Constant repetition of same concept with different questions.

Theoritical Problem Solving: I used a mindmap. increase inflation=decrease unemployment= increase Y= increase spending = increase output=increase revenue=increase general level of economic activity.


Something like that anyway.

 

[charlie_charlie]

i think its calculations, he made some comment about how he never wants to return to high school maths again, but will have to for the exam....

 

[Sarah168]

Originally posted by charlie_charlie
i think its calculations, he made some comment about how he never wants to return to high school maths again, but will have to for the exam....

whats so hard about the maths exactly? the multiplier calculation is easy and requires BASIC BASIC algebra (oh, and the abilty to add a couple of numbers )

what else? gini co-efficient...umm they add up to one...simple

components of AD and eco growth?

 

[charlie_charlie]

its not the maths that I'm worried about, its more about a lack of knowing what a skills test was like. I mean, you know what eco exams are usually like, some multiple choice, some short answer and then an essay....so whats a skills based one like? we asked our teacher for last year's exam equivalent but he said that he doesnt have a copy... So i just want to do some practising and maybe see what it would be like. So i don't walk in cold.

 

[kochou]

skills based is like reading graphs and tables and stuff right... we've never had any of those and dun think we ever will ....unless theres gonna be one for hsc

 

[santaslayer]

I did a skills based exam worth 25% last year. Yuck!
What was required was the ability to apply learned concepts into a 'real' situation. E.g. From tabulated data, work out the AD of the economy. Most of the questions should be based around the Economic issues chapter.

 

[boredofschool]

economic skills questions are easy
all u need to know is how to read and interpret graphs, eg. demand & supply and do calculations, eg CPI..........

 

[santaslayer]

Eh, isn't that Uni Economics?

 

[liam9519]

I have a skills test today.

Does anyone have a past paper of their school's eco skills test? I would LOVE some practice before it starts