How To Study for Your Economics Exam

Are exams looming up ahead? Are you worried that you won’t be able to review everything in time for the big test?  Don’t panic; you still have time to study and ace your economics exam, whether it’s tomorrow or weeks away. Read on to find out how to study for your economics exam.

  1. If your exam will take place several weeks from now and you want to get a head start, ask your instructor for the exam’s coverage. You can also look at your class syllabus for the main topics you took up in the semester.
  2. Review all the notes you took down and any papers you may have written.  Write an outline of the course’s main ideas, and underneath each main idea list down sub-topics and other details.
  3. Make a list of important terminology and formula you need to memorize.  Repeat them in your head and recite them out loud.
  4. Look at old test papers or exams and try to answer the questions so that you can become accustomed to the questions that may be asked during the exam.
  5. On the night of the exam, review everything. Reread your outline, your notes, and the answers to your old tests. Do not try to learn anything new, as you are less likely to remember them the next day.
  6. If you’re cramming for the exam the night before, you don’t have time to learn all the specifics. So limit your studying to the main topics of the semester.  Spend 25% of your time memorizing the key terms and facts, and the rest of the night repeating the information.
  7. On the day of the exam, make sure you have a meal before it starts – but make sure you don’t eat too much!  Get to the exam venue as early as possible so you can grow accustomed to your environment and relax.
  8. During the exam, read all the questions before you begin to answer, and write notes on the margins for any ideas or possible answers that occur to you.  Do not spend too much time lingering on one question. Skip it and return to the question if you have time left.
  9. After the exam, congratulate yourself for a job well done! Treat yourself to something nice, like a bowl of frozen yogurt or an hour’s worth of playing video games.

Other tips:

  1. Be realistic – there’s simply no way anyone can study 8 hours a day. After three hours of feeding it information, the human brain won’t be able to absorb it as well.  Allot three or four hours to study, and take ten minute breaks after each hour.
  2. Study in a distraction-free environment.
  3. Make sure you get plenty of rest the night before.
  4. Rewriting your notes will help you retain information. 
  5. Relax, especially when cramming. Nothing will be gained if you panic or blame yourself for not studying for the exam earlier.
  6. Test your knowledge by asking a friend to quiz you using your old tests and your notes.


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