Introduction
Many Tuition Centres do not offer H1 Economics Tuition. They tend to mix both H1 and H2 students in the same class and, in some cases, using the same set of notes with the same pedagogical approach oblivious to the differences between the 2 Subjects. It is not right and may be harmful to the students as the focus and preparations are different.
H1 exam (8819) is significantly different from the H2 exam(9732) regarding topics coverage and types of questions.
Some alarming differences between current H1 and H2 Economics:
– H2 Economics includes Income and Cross Elasticity of demand as well as Market Structure, while H1 Economics does not.
– H1 Econs has a higher weighting on case studies (70%) and less on the essay (30%). Hence there is the need to focus more on developing case study skills besides essay-writing skills. In H2 economics, the weighting is 40% on Case Study and 60% on Essay. Hence the focus on preparing students for the 2 Subjects cannot be the same as there is a different focus and different skills set needed.
– H2 Economics has Paper 1 (2 cases) and Paper 2 (3 out of 6 essays) while H1 Economics only has one paper (2 cases plus 1 from 2 essays)
– H1 Econs paper does not have 25 marks question.
In addition to the different coverage of topics, most students are not aware that the case study and essay-writing skills are not identical. The focus of the 2 subjects and hence the preparation cannot be the same. You will be better off in interacting with our H1 specialist who has over 3 decades of teaching experience to find out more about the subject. The study of Economics is a joyful experience under our carefully developed programme and passionately conducted by our energetic education consultant. IT WILL BE THE DAWN OF A NEW PERIOD OF UNDERSTANDING AND JOY. Don’t believe us! Just try us! You will be glad you did!
H1 Economics
AIMS
For H1 Econs, Learners’ Lodge provided relevant tuitions from experienced tutors.
The syllabus is intended to provide the basis for a broad understanding of economics. Specifically, the syllabus aims to develop in candidates:
1. an understanding of fundamental economic principles, theories and concepts, and of the methods of analysis used by an economist;
2. the ability to use the tools of economic reasoning to explain, analyse and resolve economic issues, and evaluate policy decisions;
3. the habit of reading critically, from a variety of sources, to gain information about the changing economic activities and policies at the national and international levels;
4. the ability to use evidence in making rational arguments in economic context and understand the roles of various economic agents.
ASSESSMENT OBJECTIVES
Candidates are expected to demonstrate:
Understanding of
1. the main concepts, principles and theories employed within the field of economics
2. methods of analysis in economics Ability to
3. understand and interpret economic information presented in textual, numerical or graphical form
4. select and apply economic concepts and principles to explain and analyse contemporary events at the micro and macro levels
5. recognise unstated assumptions
6. make interpretations and valid inferences from information presented and evaluate the reliability of information given
7. evaluate alternative theoretical explanations and perspectives of economic problems, issues and policy decisions
8. organise and communicate economic ideas and arguments in a clear, logical and appropriate form.
SYLLABUS CONTENT
The theme for the H1 syllabus is Markets and Governments. The emphasis of the syllabus is the application of economic concepts and principles to explain, analyse and evaluate economic situations and policy decisions in a real-world context.
1. Microeconomics
This section provides an introduction to the basic terminology and concepts of economics. It enables candidates to consider what markets and governments can and cannot do. It provides candidates with the opportunity to explain economic phenomena through the use of diagrams, data analysis and the evaluation of economic materials. It is intended to make candidates aware of the role of economics in real-world situations. It is expected that these concepts and principles are applied throughout the syllabus.
2. Macroeconomics
The emphasis of this section is on government objectives and policies relating to economic growth, employment, stability of prices and the balance of payments. It emphasises the use of the AD-AS approach as a tool for the analysis of fiscal, monetary and supply-side policies, and their impact at the micro and macro levels. Candidates should be able to acquire a good knowledge of recent economic trends and developments, with a focus on the Singapore economy. Candidates should also be able to appreciate the possible underlying causes of these trends and developments and to evaluate the effectiveness of government policies in the light of these events.
ASSESSMENT FORMAT
The assessment format for the H1 syllabus comprises 1 paper with 2 sections:
H1 Economics (3 hours) (100%)
Note: Section A and Section B, taken as a whole, should incorporate a good balance of questions on microeconomics and macroeconomics.