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Most junior college students chose the “PCME” subject combination without much consideration.
The letter E represents Economics. In fact, Economics is one of the most popular A-level topics among junior college students in Singapore.
Then what exactly is the problem?
Basically, the problem is that students do not consider if the disciplines they select are appropriate for them. Most students are unaware that they can choose from additional humanities courses, such as History or Advanced Mother Tongue.
This article will outline the benefits of studying Economics in junior college so that you can determine if it’s the perfect topic for you.
1) Develop Your Vocabulary
Have you ever heard phrases such as “opportunity cost” on CNN or CNBC?
The newscaster’s comments will likely perplex those who have never studied economics.
You’ll discover words such as Monopolistic competition, allocative efficiency, etc., while studying Economics in junior college, therefore expanding your financial vocabulary.
These concepts may seem inconsequential at your age, but as you get older, you will find that they form the basis of many of your adult interactions, making their understanding essential.
When you gain knowledge of new financial concepts, your comprehension of the economy improves, which is beneficial in many ways.
2) Easier Access to Finance-related Degrees
Have an interest in Business or Economics studies at the university level?
Several of these finance-related courses need a basic JC economics background.
Not simply for qualifying considerations, either. Given the fast-paced nature of the university curriculum, having a solid understanding of economics before pursuing a finance-related degree will make your university experience much easier.
In addition, if your A-level economics grade is high enough, you may be able to bypass an introductory economics course at the university!
3) Open the door to Rewarding Professions
A degree in finance provides several possibilities for high-paying occupations, such as investment analysts, financial planners, and economists, who may earn six-figure salaries annually.
One of the qualifications for these well-paying positions is a solid economic background. Junior college is the ideal time to begin studying economics.
4) Become Better at Investing
With inflation and near-zero bank interest rates, everyone nowadays is aware of the significance of investing and how it may serve as an additional source of income.
A good education in economics would provide you with the necessary information for a firm foundation and assist you in selecting the best investment possibilities when you begin investing in the future.
For instance, economics will show you how tax cutbacks and interest rates will impact your investment firm.
So, economics might aid you in becoming financially savvy at an earlier age than your classmates.
5) Establish Your Own Company
Several essential economic principles are taught in junior college economics, including market systems, demand and supply, and price elasticity.
Knowing these ideas will be of tremendous use to you in making business decisions in the future.
Conclusion
I hope this post has helped you see that JC Economics is a really enjoyable topic that lays the groundwork for future success in various jobs! You ought to be eager to study it!
Consider hiring an Economics Tutor or enrolling in a JC economics tuition programme if you want to get an advantage over your peers and effortlessly earn that desired “A” mark.
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