Is Economics considered a business subject?

No, Economics at the GCE A-Level is actually classified as a humanities subject instead of a business subject.

Is Economics similar to Social Studies?

While both are considered humanities subjects, Economics requires a different set of skills and framework of thinking. A competent Economics student should be able to use economic reasoning tools to explain, analyse, and solve economic problems, evaluate policy decisions, read critically, and present rational economic arguments based on evidence. Mastering numerous theories is also a requirement in Economics. Compared to GCE O-Level Social Studies, GCE A-Level Economics demands a higher level of thinking and writing.

Is Economics similar to Human Geography?

Despite both being humanities subjects, each requires a distinct skill set and approach. Furthermore, GCE A-Level Geography is more rigorous and in-depth than GCE O-Level Geography.

What can be expected during the examination?

Be prepared to write extensively, as the standard essay length is typically 4 to 6 pages of A4 paper. Additionally, Economic theories and relevant examples must be used to support your arguments.

Is Economics a prerequisite for university admission?

No, Economics is not considered a mandatory requirement for any course in local universities, including business courses. For any updates or changes, please verify with the relevant universities (this information is accurate as of the publication date).

Is it necessary to have Economics tuition?

Singapore is a country where parents invest heavily in tuition for their children. Many believe that tuition is essential for achieving academic success. However, Mr Anthony Fok sees tuition as a complement to a student’s education, rather than a necessity. The role of tuition is to fill in knowledge gaps that may exist.

What distinguishes H1 Economics from H2 Economics?

H1 students are required to answer two case study questions, while H2 students must answer two case study questions and three out of six essay questions. H2 students must also attend extra classes during the June holidays, August, and September, which are not required for H1 students.

Are ten-year-series guides still helpful for students?

Ten-year-series guides (TYS) are annual publications that include all of the past ten years’ GCE ‘O’ and ‘A’ level exam questions. TYS has been used in schools for over 40 years, as it is believed to demonstrate patterns in the types of questions asked over the years. However, students should not rely solely on TYS for exam preparation. Mr Anthony Fok has written a series of Economics guide books that cover evaluation points, diagrams, summary notes, and model essays, which are useful supplements to TYS.

Why do students find Economics challenging?

In the GCE ‘A’ level exam, there is more emphasis on higher-order thinking skills such as Application, Analysis, Synthesis, and Evaluation. Students must be able to explain current economic events in terms of relevant economic principles and integrate different topics to create a coherent argument. They must also evaluate the effectiveness and limitations of economic policies and provide logical, clear, and concise answers. Keeping up with current events and being able to apply economic concepts in the right context are essential for success in Economics.