As an introduction to JC Economics for new students entering J1, TET Education Centre would typically provide head start classes in Economics to its students.
Introduction to JC Economics Through Understanding Assumptions
In such classes, TET tutors would provide a comprehensive overview of Economics, emphasising its role within the social sciences and its focus on human behavior. Through contrasting the laws of physical sciences such as Physics and Chemistry with economic theories, students would appreciate the necessity of simplifying assumptions in Economics to analyse human actions. A key assumption which would be discussed is that individuals act out of self-interest, which underpins the Marginalist Theory. Students should also note the increasing interest in irrational behavior in economic studies, indicating the field’s evolving nature.
Introduction to JC Economics Through Rational Decision-Making
TET tutors would also elaborate on consumer decision-making through the concepts of marginal benefit and marginal cost. This model is applicable to various decision-making scenarios and illustrates the cautious decision-making approach of economists, evaluating safety step by step rather than rushing forward.
JC Economics students in head start classes would also be introduced to the “Ceteris Paribus Condition,” which emphasizes the importance of isolating variables in economic studies, akin to scientific control experiments. This highlights the necessity of careful analysis in understanding economic behavior and outcomes.
Introduction to JC Economics Through Events Around Us
The study of A Level Economics revolves around various economic topics, including the Great Recession of 2008, the dynamics of cigarette consumption, and the implications of vaccinations. Students should be clear on the distinction between microeconomics and macroeconomics and be encouraged to engage with economic principles and consider their practical applications in real-world scenarios.
Conclusion
Overall, Economics is a highly value-adding subject, equipping students with critical thinking skills, training in writing clearly and succinctly (a key trait to have in one’s career) and in honing students’ analytical skills. Students and parents keen to find out more about TET’s Economics tuition classes can sign up for a trial class.