[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

[School] NUS Module Review AY15/16 Y2S2 EC3101

Hey readers,

Am back with writing module reviews! I am going to do a review for EC3101, Microeconomic Analysis I which I have taken for AY15/16 Sem 1.

Lecturer: Timothy Wong

Lectures: Tim just completed his phD in June/July and this is the first time he is teaching EC3101. I would say he was not bad at conducting his lectures, except for always having 1hour (prematurely ended) lectures instead of 1.5hour ones and that isn't too cool since it was an 8am lecture (ok, maybe minus the 'more time for breakfast' happiness)

Tim was quite clear in his explanations (for the lectures that I attended, 3 out of all 12 or 13 lectures) but sometimes he is not clear of the content (i.e when a student poses a question, he cannot figure out how to solve it on the spot). Also, every lecture slide definitely has at least one error (which makes it troublesome if you intend to skip the lecture/ you're not paying close attention) Although most of the time he will re-upload the newly amended lecture slides, sometimes he doesn't.

All in all, not too bad for lectures as self reading works for this sem's 3101. Reading the recommended textbook should suffice. All decent except for 8am lectures!?!?! (Don't ever choose 8am lectures especially if you stay in the East)

Tutor: Song Hong

Tutorials: This tutor honestly isn't that good. I think she is knowledgeable but does not know how to share her knowledge and problem solving skills to us.

The strong Chinese accent makes it even harder to understand her in addition to her being soft spoken. She goes through the short problem sets super quickly. We once ended tutorial in about 15 minutes (so there was a guy that came in late for tutorial ended up attending tutorial for 3-5 minutes)

Tutorial problem sets' difficulty is decent. Definitely some slightly challenging questions are added in. However, questions are different from what you might encounter in the midterms and finals, which means they were not too helpful in revision.

Graded Homeworks: There were 2 graded homework. First one was similar to the tutorial questions, however the 2nd one was challenging because his instructions wasn't clear. (One moment there's U(K) the other moment there's U(x)) Both constitute 10% of final grade if I remembered correctly.

Midterms: He assumed that you still had knowledge of 2101 and tested on perfect complements which he did not cover at all in his 3101 lectures. All in all, manageable midterm difficulty.

Finals: TBH I cant remember what the finals tested on, but I only remembered that it was challenging and tested a lot on application. Not confident on my performance for finals though so I cant comment much. It wasn't at all similar to the tutorial problem sets.

Updated: Tim Wong is currently still lecturing EC3101 and is also the prof for EC3322. No longer Eric Fesselmeyer for Industrial Organisation I. Tim Wong is ok given it is his first attempt conducting a module.

Generally, if you like microeconomics, you should be able to score well. I did quite badly for 2101 but still did decently in 3101, so if you're worried, don't be. I personally felt that the content was pretty interesting.