[School] Is Economics at the University level really for you?

Dear Readers,

I decided to do a post which targets tertiary students still contemplating if Economics is really what you want to pursue in University! Many of my guy friends entering Uni this year actually started texting to ask me what exactly Economics is about at the University level.

I believe, many of you A levels and Poly graduates out there might be wondering, is Economics like in the A levels where it is all about drawing demand and supply curves, identifying deadweight losses in market failure graphs and writing and explaining policies essays after essays?

Unfortunately not, my dear readers! Economics at the Uni level is not about essay writing. Yes, it might have been an Arts subject at the A levels but in Uni, it is very mathematical and it is a social science subject, although in the Arts and Social Sciences Faculty. However, you will need to draw SS and DD curves too, especially in Macroeconomics, but there will be a lot of other graphs you will need to know and learn about too!

What do I mean by Economics being a very mathematical subject? It involves data analysis, many regressions and knowing how to interpret coefficients of the regression results. Integration and differentiation do come into picture for certain modules, so if you're thinking you can escape all that math, then you should reconsider. Also, microeconomics covers quite a bit on Game Theory, so if you enjoy topics like the Prisoner's Dilemma, you might enjoy Economics quite a bit.

Economics is actually one of the biggest major cohort in NUS FASS. What does this imply? Very competitive when it comes to grading of the modules. Since it is all about math and application, many math geniuses out there including Chinese scholars excel in Economics modules.

Sometimes, these geniuses even scores full marks for their midterms, when the mean is 70-75 out of 100. Try to aim and get at least the Average or Median score to secure a decent grade.

Also, some tips on selecting what modules to take in the first semester:
1. Try to clear all your compulsory FASS baskets first (especially the Asian Studies basket)
2. For EC majors who are more or less cfm on EC as their major, take EC2104 and EC1101E together (Make full use of your S/Us)
3. Do something you think you might not be able to score well, and don't want to risk getting B- and below.


Some tips for potential Economics Majors before concluding on this post:
1. Read your textbook! They are very important sources of information and practice questions.
2. Attempt the questions and exercises in the Textbook (especially if the Prof even issues which questions to attempt in his/her lecture notes)
3. Read your lecture notes and remember key details (some Prof enjoy torturing students by testing specific contents in the lecture notes)
4. Most importantly, DO CONSTANT REVISION!!

I think these tips are general for all students, not necessarily Econs majors.

Hope you guys make the right decision to pursue something you enjoy doing, and feel free to drop me a comment if you guys need to clarify anything about Econs.

I might not be the best person to answer your doubts, but I will try my best to help (which is also my purpose of setting up a blog in the first place)

Love,
Rachel