HOW THE WORLD WORKS
TAKING ECONOMICS IN JC
Most students are unlikely to have any prior background in economics. If any consolation, everyone starts on a clean slate, and it will be a new challenge for many. Whether the child is an art or science student, studying economics is beneficial to them. This article extols the merits of pursuing economics in JC.
Economies and the world
Economics in a JC syllabus is divided into micro and macroeconomics. Macroeconomics teaches one about fundamental governance; its policies such as basic monetary policy and an overview of trade and how it links everything together.
Having this knowledge allows one to comprehend and appreciate current affairs. The child will now know why economies implement austerity measures and how far reaching interest rate fluctuations can be. The use of economic jargon becomes less foreign to the child as well. Basic understanding of economics is relevant to many careers, be it finance, policy related or otherwise.
Critical thinking
The assessment of economics in a JC syllabus is largely based on inferring and critical writing. One has to infer and apprehend information from sources and see its relevance to economics. Questions such as “which policy is best” makes one evaluate and be critical in discussing economics.
It cannot be over emphasised: Critical thinking is absolutely necessary in today’s world. The child will need this economics-trained thinking skill when evaluating, writing reports, etc in the workplace.
CPD Singapore Education Services Pte Ltd has many educators with a wealth of experience in Economics. CPD Singapore has numerous resources and publications on Economics backed by leading educators to aid students in their learning of economics.