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6 tips to improve your economics notes drastically

Updated: Mar 9, 2022

Whether you need to take economics notes for GCSEs, A levels or Uni, we will help you do it in the smartest, most effective way possible!




What do top-grade economics students' notes look like? The best economics notes are

  1. Optimised for fast memorisation

  2. Clear, straightforward and NOT convoluted

  3. Referenced to a variety of relevant examples and graphs

  4. Cleverly organised and well structured



Wonder how to take economics notes like top-grade students? These simple tips will help you to make amazing economics notes and get amazing economics grades:


1. Keep it neat. Use headings and organise each main point by topic


Obvious right? But you will be amazed how many students don't do this properly! Finding your way around your notes easily is very important. Use headings, subheadings and bullet points to your advantage. This will help you to easily find a particular topic while revising.


2. Make definitions BIG


Almost all economics essays start with a definition. Key definitions should be the first thing you learn when studying any topic so it makes sense that they stand out in your notes. So write definitions in a bigger font, highlight them or encase them!


3. S p a c e . Start a new sentence or point for each new detail

Economics is a bulky subject and the golden rule is not to drown yourself in a sea of paragraphs. Keep sentences short, concise and relevant.

4. Get drawing! Add supporting diagrams where possible

Believe it or not, diagrams in economics are not designed to complicate things, but to make your life easier! Understanding a graph will help you understand the concept altogether. There's only one super important thing: all diagrams should be ACCURATE and clearly LABELED.



5. Take that extra step. Find relevant, up-to-date examples for each concept


We don't study economics ONLY to get high grades. Concepts taught in economics are everywhere: in newspaper articles, in your everyday decisions or in basically any book related (sometimes unrelated!) to finance.


Do not solely depend on the material and examples provided in class or textbooks. To genuinely spark that passion, do some supplementary reading, especially the latest books and articles.


6. The golden tip: Include Mindmaps and Mnemonics


Mindmaps


Mind maps are wonderful tools for retaining information.


For example, the topic of economics could be broken down into several branches, each with its own sub-branches. Economics could be split into microeconomics, macroeconomics, behavioural economics, and so on.


Then each of these categories could be broken down further. Macroeconomics could be split into Inflation, International trade, Government policies, and more.


Inflation could be split into causes of inflation, types of inflation, consequences of inflation, and other important subcategories.


After you have finished a topic, make a mindmap!





Mnemonics

A mnemonic is a simple gimmick like a song, rhyme, or acrostic that makes memorization simple. Mnemonics can be used to learn anything from automotive engineering to complex music theory.


Do you know the components of aggregate demand in order?


Aggregate demand (AD) consists of four components:


Consumption (C): This is also known as consumer expenditure. It consists of spending by households on goods and services.


Investment (I): This is spending by private sector firms on capital goods.


Government spending (G): This covers government spending on goods and services.


Net exports (X–M): This is the difference between the value of exports of goods and services and the value of imports of goods and services.


To help you remember the order, try this:

Clara is going nuts!

This technique can be applied to basically any subject, including economics!


Conclusion


Start applying these tips straight away and you will see a huge difference in your economics note-taking.


Check out our economics notes! We cover a variety of important topics. We even offer FREE examples. Here's a quick link:




The secret to scoring awesome grades in economics is to have corresponding awesome notes.

A common pitfall for students is to lose themselves in a sea of notes: personal notes, teacher notes, online notes textbooks, etc... This happens when one has too many sources to revise from! Why not solve this problem by having one reliable source of notes? This is where we can help.

What makes TooLazyToStudy notes different?

Our notes:

  • are clear and concise and relevant

  • is set in an engaging template to facilitate memorisation

  • cover all the important topics in the O level, AS level and A level syllabus

  • are editable, feel free to make additions or to rephrase sentences in your own words!

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