Guide to Excelling in IGCSE Economics

Introduction

• Success in IGCSE Economics involves strategic studying and understanding of economic concepts.
• Memorizing definitions alone isn't sufficient; understanding how concepts interrelate in real-world scenarios is crucial.
• Scored 93 in IGCSE Economics through self-study.

Understanding Economics Concepts

• Focus on understanding concepts like supply, demand, inflation, and government policy.
• Grasp how these concepts interact with each other.
• Use textbooks and online resources like ZNotes or Save My Exams for thorough understanding and revision.

Study Resources

• Textbooks: Read chapters thoroughly and focus on interlinked topics.
• Online Resources: ZNotes or Save My Exams for revising concepts.
• Additional Resources: Check out video guides for online resources.

Practice Strategy

• Prioritize past papers over topical questions.
  • IGCSE Economics exams often assess cross-topic understanding.
• Time management is key:
  • Case study: Allocate 30-45 minutes.
  • 20-mark questions: Allocate about 30 minutes each.

Exam Strategy

• Case Study Questions:

  • Don’t restrict answers to case study content only.
  • Apply existing knowledge for broader analysis.
  • Pay attention to calculation-based questions.

• Understanding Command Words:

  • Study the nine command words from the syllabus:
    • Define, Identify, State → basic definitions.
    • Explain → provide reasons and relationships.
    • Analyze → detailed examination of concepts.
    • Discuss → structured, detailed writing.

Structuring Answers

• 20-Marker Questions:

  • Use command words to guide the depth and type of response.

• Eight-Marker Questions:

  • Use a four-paragraph structure:
    1. Define key terms.
    2. Discuss one side of the argument.
    3. Discuss the opposing side.
    4. Summarize and present a balanced conclusion.
  • Answers are assessed in bands; ensure clarity and structure.

Graphs in Answers

• Draw graphs wherever possible, particularly common ones like PPC or AD-AS.
• Practice drawing graphs quickly and neatly.
• Label graphs clearly, showing equilibrium points, axes, and shifts.

Conclusion

• Focus on understanding content deeply, using graphs effectively, and maintaining structured answers.
• Engage with resources, practice past papers, and manage exam timing carefully.

Additional Tips

• Like and subscribe to educational channels for more tips.
• Engage with the community by sharing success stories or asking questions.

These notes encapsulate the main strategies and insights for excelling in IGCSE Economics, focusing on understanding, practice, and exam techniques.