CISCE ICSE Economics - Preparation Tips

What is Economics?

Economics is the science which deals with production, distribution and consumption of goods. It has both, qualitative as well as quantitative aspects. Hence, to ace an Economics exam, you need to study it from both, qualitative and, also, quantitative aspect.

Important topics

• The Productive Mechanism
• Theory of Demand and Supply
• Public Finance
• Money And Banking

Tips for preparation

• It is very difficult to cram a subject like economics. So, it would be beneficial if you take notes, attend lectures and study actively and enhance your economic vocabulary by knowing the definitions, meaning of different economic related terms and even participating in a discussion to understand if it makes sense or not.
• Before attending a class, try to skim the chapter so as to have an idea of what are the concepts to be learnt in that chapter.
• Move topic wise. This way, you will not study disjoint material.
• Try to figure out what a specific problem asks for. Talk about the data needed to answer it. Know what you are looking for, know how to find it, and other factors needed for the outcome to be optimal.
• Think about what you read and ask questions of yourself.
• Try to know the various economic models. Look for figures of the models and read the captions. If you don’t quite get the idea behind it, then find the part in the text that describes the model through an example.

How to score well

• Make graphs wherever required.
• Highlight the important points and write your answer in points to enhance visibility.
• Before you start the exam, utilize the first 5 minutes to scan the paper. Read the question paper thoroughly before jumping to write the answers.

Recommended books

To know which books to follow, click here