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Economics is considered to be one of the most challenging fields of study for college students. It is closely connected with math, statistics, sociology and other social sciences. For the majority of college students, it is quite beneficial to know the basics of economics since we are living in a world deeply connected with business and economics. More and more spheres of life, be it farming, engineering, government policy or educational management require some prior knowledge of economics. We would like to present you some strategies, which can help you study economics faster and more efficiently:
Strategy # 1
Always prepare assignments for the next class
It is very important that you always prepare your economics assignments for your next class. In this case, you will be able to ask questions to your professor and improve your overall performance on seminars when it is very crucial to participate in classroom discussions. We highly recommend that you never rewrite home assignments done by your groupmates. Instead, you can simply approach professor before the class and explain him/her that you did not understand the previous lecture and want to arrange a short private consultation after classes to clarify some gaps in knowledge.
Strategy # 2
Improve your critical reading skills
When you read any texts in economics try to use sticky notes because it is very essential to critically analyze the information you read. You can also try some GMAT critical reasoning tests and study their GMAT preparation manual. GMAT is the test specifically designed for MBA and MSc Finance students; so you may find it very helpful when it is high time to get ready for the economics exam. GMAT tests contain a lot of critical reasoning tests where you have to read an extract from economics-related text and answer test questions.
Strategy # 3
Learn to analyze data using different approaches
Learn to analyze information visually, numerically and verbally. This can help you to better prepare yourself to solve complex macroeconomics, financial and strategic management problems.
Strategy # 4
Don’t skip lecturers and classes without valid excuses.
Economics is an extremely demanding field of study. We highly discourage you from missing classes. Classes and lectures can be compared to a house. You cannot build a good house if you start building your house with the roof, right? Economics classes are logically connected and smoothly come one after another. Your professor will always answer your questions during the lecture if you did not understand something. On the contrary, you are less likely to understand the lecture material if you simply read the chapter or copy the notes of your groupmates.
Strategy # 5
Arrange consultations with your lecturer
Make up a list of questions every time you are going to have a consultation with your lecturer. It is always wise to take notes during the lecture when there is something you don’t understand and ask your professor once the lecture is over.
Strategy # 6
Use online courses
You can find a lot of macroeconomics, financial, management, general economics and microeconomics courses on online or at our sample essays section.
Strategy # 7
Summer schools in the USA and Europe
Summer schools can be a great investment of time and money for those college students who want to take the most from their summer break. A lot of top-tier universities like Dartmouth College, Yale University, Vanderbilt University and Stanford offer 3-4 weeks intensive courses on economics, finance and management. You can learn something new, meet friends and participate in career fairs. Besides, you can find a lot of summer courses offered by top European business schools like ESADE, IE (Spain), City University of London, London Business School, London school of economics and political science (United Kingdom), EDHEC and Toulouse School of Business (France).
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