Is economics hard to study ?

 The creation, distribution, and consumption of scarce products and services are the main subjects of economics’ analysis and description. Because it makes an effort to explain how people behave as individuals, groups, and organisations, economics is regarded as a social science. However, economics is firmly grounded in arithmetic and statistics, unlike many social sciences. In reality, most college students must pass a number of advanced math and statistics courses before they can declare an economics major. Additionally, students find economics to be one of the more difficult disciplines, particularly those in their first and second years of college who did not take economics in high school. If you can study economics in high school, take advantage of the opportunity. You will be ready for more difficult economics classes in college.

There are three levels of academic achievement that students must exhibit in order to succeed in the study of economics.

1. Knowledge

Knowledge represents the initial academic performance level in the study of economics. Learning and retaining specific information, such as facts, definitions, and explanations, constitutes gaining knowledge. The knowledge-based questions that make up the majority of high school economics exams require little to no analysis. Nevertheless, knowledge is the cornerstone of learning and is necessary to advance to subsequent stages of academic success.

2. Comprehension

Comprehension is the second level of academic achievement in the study of economics. While knowledge concentrates on learning information, comprehension concentrates on understanding the content’s significance. The three main ways to show understanding in economics are: (1) transferring information from one form to another (for example, from words to numbers); (2) interpreting information (for example, by explaining); and (3) calculating trends (e.g. predicting future effects and implications). Within the realm of economics, comprehension is the lowest level of understanding.

3. Application

Application represents the third grade level in the study of economics. Students are expected to use and apply content in real-world settings once they have gained knowledge and mastery of economic ideas, principles, laws, and theories.

The following is an illustration of an application-based question that might arise on an economics test.

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