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ISC Economics- Tips and Tricks

Though perceived as difficult, the Economics paper is, in fact, very scoring. It is possible to score a centum on this paper. Here's how:

1. Study pattern


The Economics paper lays equal importance to all topics. Thus, make sure to study all chapters equally well and not focus only on the main topics. Just like all other ISC papers, there is immense importance on keywords. While studying chapters, highlight all the key words and make your own key words in places where the content is given in paragraph form. Writing answers under relevant key words enhances your answer and also makes it easy for the examiner to gauge your understanding of the topic. Pay attention to all important formulae. If a formula is related to a definition asked in the paper, do mention the formula in the answer. Also, pay attention to essential terms in definitions. For example, the Pupil Analysis for Economics cites as a common example students not mentioning the word “functional" relationship while explaining the meaning of a production function. It is, thus, essential to go through the Pupil Analysis thoroughly as a part of your study.


2. Writing answers and presentation

Presentation plays a key role while attempting any papers, and Economics is no exception. Here are some tips to enhance your answers. When the features of any economic agent/model/phenomenon are asked, write the definition and then the features. For example, if the paper requires you to write 3 features of perfect competition, mention the meaning of perfect competition and follow it with the features. This comes from the fact that the features are derived from the definition itself; hence making it obvious that the definition should be written.

Another way to enhance answers is by drawing diagrams, even where not asked for explicitly. For example, if the papers asks you the effect of a change in consumer tastes and preferences in demand, explain the effect and make a diagram showing the shift of the demand curve to the right (in case of a favourable change in tastes and preferences) or to the left (in case of an unfavourable change in tastes and preferences).


3. Time management


The Economics paper often seems lengthy and difficult to complete. The only way to manage time is to practice full papers before hand. Set a timer and practice papers, complete with good presentation, diagrams and underlining key terms. The more papers you solve, the more efficiently you will be able to save time.

Another tip to save time is to master your numerical. Numerical typically take lesser time than theory answers and thus can help you complete the paper on time. A numerical with great weightage in the paper is National Income. Acing your national income concepts can help you save time in the paper!


4. Where to study and practice from?


Most ISC schools follow the Frank textbook, which is also followed by the Board to set the answer key. Thus, that is the textbook to follow for content. In order to practice papers, solve all past papers and verify your answers from the Pupil Analysis on the Council website. Another good book to refer to for practice questions is a book also by Frank publishers, which has summaries of all chapters, questions banks with model answers and tons of practice papers to solve. This book has correct and authentic answers suited to the requirements of the Board.


We hope that these tips help you attempt your Economics paper better. Good luck and happy studying!


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