Economics is often seen as an intimidating course, especially as a first year student entering College. ECO111 is (the almost mandatory for all majors/minors + fills 1 of 2 Society credits) the Principles of Economics, with a basic focus in both Micro and Macro economics. With these 5 tips, you should be able to breeze through your required basic understanding of economics!
1. Take This Course in Your First Year
You have likely taken economics Junior or Senior year of High School. If you still have some old notes, quizzes, and tests from High School, you should get your hands on those and use them to review some key concepts such as Supply & Demand. Another major reason to take this in your first year is that ECO111 is a prerequisite for many courses, and this will allow you to naturally progress in your courses, while also completing a Society credit.
2. Do the Practice Assignments & Homework
Especially if you struggled in your high school economics course, and even more so if you did not take Econ in High School, you have to actually DO the assignments. It is easy to become complacent specifically when there is no grade behind an assignment, but if you don’t comprehend a concept in Econ, the following steps will sound like they are in another language. By doing the homework and non-graded activities you will confirm that you understand the concepts and possibly find some you didn’t know.
3. Visit Your Professor’s Office Hours
Elon teachers provide office hours on multiple days of the week, and teachers generally speaking are flexible/willing to schedule a meeting with you if you ask. Not only will this clarify any concerns you may have, but the teacher will like you more and be more willing to give you full or partial credit on answers/assignments you may have missed. You’d be surprised at how true this is, especially in writing based assignments which you will have 1-2 major ones in this course.
4. Study for Major Exams
You’ll have two of these, one being a Midterm and one being a Final. These grades combine for at least 40% of your grade. Regardless of how well you believe you know the material, you cannot over-study. Until you are able to nail every question on the study guide in terms of vocab and solving practice problems you haven’t studied enough. Remember, doing well on these two exams will give you some leeway in other areas!
5. GO TO CLASS
Economics is notably a class where teachers do not take attendance. While you may feel you already understand the material, often Econ teachers will give tips or tricks for exams or assignments in class that you will miss. Skipping class also will reflect in the teachers subjective grading of you where possible, so unless you have an 8am there is no reason to not show up to all of your classes.
If you follow all of these tips you should be set up to get an A! Creating a relationship with your teacher is a valuable tip you can apply to all your classes, specifically at Elon with the small class sizes. Do the work. Study. Meet with your teacher.
YOU GOT THIS!