Now that your exams have ended, you’re in search of a summer job. While working at a McDonald’s outlet may have free food and insurance perks, seeking an internship is beneficial for your long-term goals. For those appearing for their finals the next year, this is essential as it not only makes your university application seem appealing but also adds valuable work experience after graduation. One may wonder why internships for students are important. Well, think of it as a crash course that you get to learn without paying anything. An internship in your desired choice of career helps you acquire both hard and soft skills. At the same time it teaches you how to interact with professionals in the working world.
While it does sound easy, it requires a bit of research to find the right internship for you. Looking for an internship is like shooting an arrow without an aim – you need to first plan and think about how to get one. Then think about how relevant it is to you, and how it would help you grow and develop your skills for your career.
#1 Settle down on a specific career goal or interest
This is the first step to take while looking for an internship. What type of internship do you want to take? Do you have your career goals set in place? What are your skills, values, hobbies, and interests? What are you good at?
Once you have these questions answered, you can go ahead and then look for those roles at the companies that provide these internships. Internships give you the platform to develop and hone these skills, thus giving you a jumpstart in your career.
If you’re still undecided about your career or torn between multiple job roles, taking an internship is the best way to test the waters. It helps you gauge your interest and proficiency in a specific job, providing valuable insights.
If you can’t find out what you like to do, you can at least find out what you don’t like to do. It’s a win-win. But, it is helpful to intern somewhere before you start working. Check out this article where famous personalities began humbly as interns.
#2 Understand and analyze your skills concerning your interests
While researching for internships, evaluate the job role and how interested or invested you’d be in that role. Look for opportunities that meet your needs. If you want a paid internship and can’t get one, then look for part-time opportunities that pay reasonably.
Apart from that, look at the company’s goals and objectives, their expectations from you, and whether there’s scope for growth for interns. That being said, understand the difference between small and large companies, and that there are benefits to both establishments.
A large-scale company would have more specific tasks and instructions for interns. Whereas small-scale companies or start-ups offer ground-level training crucial for someone who wants to build their own company someday.
Make a choice but refrain from getting worried about being too specific or vague. Gaining experience in multiple fields only adds feathers to your cap, giving you a platter to choose from. Be it as a chartered accountant or a pastry chef, having relevant experience will help you realize your long-term goals. Click here and here to try out some free career aptitude tests in your free time.
#3 Begin the search well in advance
Like any school project or exam that needs thorough preparation, don’t wait until the last minute to apply for internships. This would leave you with fewer options, a lower chance of being accepted, and also less time to evaluate and decide whether you’ve applied to the right field. And, it does not paint a very ambitious picture of yourself in the professional arena.
Internships are competitive as the best companies want the best recruits, so research and apply as soon as you know what you’d like to do. Some internship programs come with deadlines so have a lookout for details. If it’s a summer internship, for example, one should apply at least six months in advance, or whenever the applications are made open. Early applicants are spotted by employers first. Some sought-after companies even start their recruitment procedures a year or more before – so keep yourself updated all throughout.
Keep your research ready before school begins and the workload and studying kick in.
#4 Follow up with companies that you’d be interested in
Perhaps you’ve seen a company and developed an interest in your career because of that company. A global technology company like Google, for example, or the luxury Parisien fashion house Louis Vuitton, could be the dream destination for many high-schoolers who’ve set their mind to exploring their passions.
Make a list of all those companies that you’re interested in, and then look up their websites. You may find a careers page on most of them, and look for any specific section dedicated to internships. Bookmark them and set yourself reminders to follow up every weekend, so if there are new openings, you can apply as soon as possible.
Alternatively, if they don’t have any internship programs up on their website, you can directly email them with a suitable cover letter and resume. Express the reasons why you’d want to intern with them, making sure to highlight your enthusiasm behind the same.
Taking an initiative often impresses employers and expresses your dedication to the role.
#5 Take both the offline and online route
If you don’t have any specific companies in mind then expand your horizon a bit and keep an eye on all internships that fit your interests and skills.
Many websites feature internships for college students. Websites like foundit (formerly Monster Jobs), Glassdoor, and Indeed not only provide opportunities for jobs but also for internships. Apart from these, there are internship-specific websites like Chegg, LinkedIn, InterJobs, Idealist, etc. that help you narrow down to potential workplaces that you’d be a great match for.
Taking the offline route, reach out to your friends, their parents, family members, school teachers, student counsellors and mentors. Make it known that you’re looking for an internship. If they have anything in mind or have internship positions at their own company, they can inform you about it and help you apply right in time. Having a known face at a senior level would ease things out at the time of job recommendations too.
Never underestimate the power of word-of-mouth.
…Apart from these, participating in career fairs and weighing your options in a wise and well-thought manner would make it relatively easier for you to gain some valuable work experience before graduation. Keep in mind that every experience will be unique and a learning experience for you, so if you can, try out a few internships before taking a big step into the workforce. It might be easier said than done, but also easily attainable with the correct search strategies – understand yourself, then the company, and prepare for the same. Have your resumes polished and neatened out for perusal, and the battle is half won already.
For further assistance and career counseling, you can always reach out to our career counselor, Sunita Sharma, so you can be on the right path to achieving your goals.
A summary is a shorter version of an original text that outlines the main points in a specific structure. This is exactly what we must do while writing a summary for the IGCSE English exam. But to write a good summary, not only do we need to outline the main points but also follow some important rules. We will be going through these important rules which will not only enhance your summary writing skills but also help you score better in your exams.
Understanding the question
To write a good summary, the first and foremost thing is to understand what is given in the question. Now, IGCSE summary questions can be of the following types, let us go through them to understand them better.
The above summary questions for the IGCSE exam show some similarities and differences. Students must grasp these points. Below, we will explore the questions’ requirements and how to respond appropriately.
QUESTIONS’ REQUIREMENTS
The Passage – A particular passage will be given in the question and you will need to thoroughly follow it and answer what is asked in the question. Pay attention to the whys and what’s in a question as they are very important. Your answer should not be a general description of the passage but instead, it should focus on specific ideas or details contained in the passage.
No Bullet Points – Your summary should be written in continuous form or let us say in paragraphs. Do not write in bullet points or in note form.
The Word Limit – It is fundamental that you consider the word limit given on the exam paper. Not too much or too less. Writing too little will mean that you have not included enough information from the passage. Whereas writing too much will mean that you have included irrelevant information.
Using one’s own Words – As you can see from the above, this point is highlighted in the 0500 question paper as it is key. Using your own words does not mean that you can write anything from anywhere. Pinpointing the important points from the given passage and then writing them in your own words is what is being asked here.
The Marks – Paying attention to the marks is crucial as you need to make sure that you have included at least 15 relevant points from the passage in your summary as that will help you gain marks for your content.
Now that we have understood the main points of the question, let us go through some quick tips and tricks that you should follow to score better in your IGCSE summary question.
TIPS AND TRICKS
1. Planning and highlighting the important points
Knowing how to start, where to start, and which points to include is very important. Hence, planning plays a significant role in writing a summary. Highlighting the important points in the question paper also plays an important role as there are time constraints and you cannot note down the important points first and then make them into paragraphs. Instead, underlining or highlighting the points in the question paper will make your job much easier. In this way, you will not leave out any important and relevant points from the given passage.
2. Use only relevant points from the text
You do not need to include all the points from the given passage. Only the relevant points or the main ideas from the text are what your answer needs. The points should be comprehensive and cohesive.
3. Avoid repetition
You must always refrain from using the same point/idea again and again. There may be times when a point is made twice in the given passage but should always remember that while extracting it from the text you should use it only once. Repeating the same thing will only cost you time and words.
4. The proper format and style
In summary, writing, using proper Essay Vocabulary is very important. Along with that, your summary should be concise, formal, and impersonal. Avoid using the first person and do not write any slang. To write concisely, try using compound sentences which will help you to include two or three points together without making your summary lengthy.
This was it for writing a summary for the IGCSE exam. – If you still have doubts about how to write it, which relevant points to include, practice summary under the guidance of an expert teacher, or simply want to learn more then we are here to help you. At Young Scholarz we provide 1:1 online IGCSE classes to the students to help them gain specific relevant knowledge on various subjects and topics and also help them enhance their skills. Explore our website to know more.
Do you feel Extended Response to Reading Essays for IGCSE is tricky? From our decade-long experience of marking papers, we have observed that most IGCSE students fail to follow the proper format of the given text type. Also, most students pay more attention to their writing. They tend to write beautifully, but the main focus that the question asks for, which is the reading, is missing. Students fail to add relevant points from the text to support their opinions, and that is when they lose their marks. With these insights we’ve gained, we’re sharing some concrete pointers that can help you understand the basics of the ERR and score higher.
What is the Extended Response to Reading Essays for IGCSE?
This question involves 15 marks for reading and 10 marks for writing. Predominantly it is a reading question, it has three bullet points that need to be covered equally. The student is expected to write 250-300 words, responding to one of the different types of texts that include-
Letter
Report
Journal
Speech
Interview
Article.
Reading
Firstly, you need to clearly state the things that are happening. This shows that you understand the appropriate events in the text. Next, you should understand the implicit meaning and attitude, something that is not probably mentioned in the text, and you need to figure out, like the tone or emotions and what might happen next or predict the next move. Finally, you need to analyze, evaluate, and develop. This is the important part, you are expected to understand the text you read, its implicit and explicit meaning and to add your ideas which are sensible with appropriate support from the text.
Writing
The above objectives expect you to think about what are the character’s thoughts in the text. For instance, imagine how the character might be feeling at that time. Second, organizing and paraphrasing in a way that brings out the emotional response from your reader. Third, adding interesting vocabulary that the character might use, using different types of sentences, and not repeating the same sentence type again and again. Fourth, adjust the tone of your writing according to the context. And last, having accuracy in spelling punctuation, and grammar.
No matter what the text type is, here is a general structure that can be used. Five simple paragraphs, a short introduction, and conclusion, and equally sized body paragraphs (3 bullet points).
INTRODUCTION
1ST BODY PARAGRAPH
2ND BODY PARAGRAPH
3RD BODY PARAGRAPH
CONCLUSION
Text type
1. Letter (Informal)
It is important to know that while writing an informal letter you need to keep it catchy by style and not forget that it is an English paper, which means avoiding slang languages and short abbreviations. You can use features such as:
Rhetorical question
Emotive Language
Idioms
Colloquial Language
Humor
2. Letter (Formal)
A formal letter will have a completely different register, tone, and vocabulary will be formal. Here you will need to use more complex sentence structure. Some more features that you can include are:
Formal Language
Connectives
Facts & Statistics
Opinions.
3. Report
A newspaper report always has a catchy title, it’s a part of the presentational feature. It can be a shocking sentence or a rhetorical question for the title. The word report itself shows that it needs to be written in a formal language. But some of the other features can be:
5 Ws (Who, What, Where, When and Why)
3rd Person / Past Tense
Embedded Clauses
Direct Speech/Indirect Speech.
4. Journal
Journals should be interesting as they express your thoughts and feelings. The best part of a Journal is that you are the reader/audience, this allows you to be creative in your language. Some of the language features that you can use here are:
Rhetorical questions
Emotive Language
Anecdotes
Humor
Idioms
Colloquial Language.
5. Speech
While writing speeches you need to think about the audience and purpose, your tone/ voice and style will be reflected through your language. Some of the Language features that you could use are:
Rhetorical questions
Hypophora
Anecdotes
Direct Address
Repetition
Emotive Language
Imperatives
6. Interview
Writing an interview might seem easy, however, creating engaging and (for the most part) convincing dialogue can be challenging. Again, creating a proper tone/voice for the character from the text is the key. It is important to understand the character and create a convincing tone, apart from that some of the other features that you can use are:
Rhetorical questions
Emotive Language
Anecdotes
Humor
Idioms
Colloquial Language.
7. Article
While writing an article, it is important to get the audience and the article correct. This part is mostly quite informal, some features that you can use include:
Chatty language
Rhetorical questions
Facts Statistics
Opinions
Repetition
Conclusion
The points discussed above should give the reader a fair understanding of what Extended Response to Reading is. While doing the question, you need to remember that it is important to focus on reading and the delivery of your answer depends on your understanding of the text. If you are someone struggling to write the IGCSE 0500 Q3, we are here to help you. At Young Scholarz, we help students, such as yourself, master the exam techniques for the ERR essay.
Are you an IB DP student worried about ‘The Individual Oral’, commonly known as the IO? In this blog post, we’ll share core information you will need to know to ace your IO. Read on…
What is the Individual Oral?
The Individual Oral or IO is an important part of the IB English A Language and Literature’s internal assessment. Teachers mark and the IB moderates internal assessments. In the IO, a student has to choose two texts – one literary and one non-literary text; and then prepare and present an oral response. In short, it is an oral exam. The most important part here is that the student has to connect both of the chosen texts with a common global issue.
Some important points about the IO
Exam Duration
Compulsory for whom
Weightage (%)
Marks
15 minutes is the total time duration. 10 minutes is allotted for the student individual oral and the remaining 5 minutes is for the teacher to ask questions)
The IO is compulsory for both HL and SL students.
Internal assessment contributes 20% to the final assessment of the HL course and 30% of the SL course.
Total marks for IO is 40.
Let us understand the IO process
As it is an oral exam, the IO will be an interaction between the teacher and the student. Initially, the student will present the prepared topic, and then the teacher will ask questions based on the presentation and how the chosen topics connect to a common global issue, also selected by the student. Another important thing to note here is that the extract that the students choose should not be more than 40 lines. The grading system for the IO depends on four major criteria –
Criterion A: Knowledge, understanding and interpretation
Criterion B: Analysis and evaluation
Criterion C: Focus and organization
Criterion D: Language
Which works can the students choose?
Students must choose one literary work and one non-literary “body of work”. These extracts that the students choose will not be from anywhere else but from their syllabus/course. But a thing to note here is that for the SL Students, the literary work that they choose cannot be used for their Paper 2 and for the HL students the works that they choose cannot be used for Paper 2 (literary) or the HL Essay (literary or non-literary).
The Global Issue
The student cannot just choose any global issue. He/she needs to follow the prompts given by IB, which are: “Examine the ways in which the global issue of your choice is presented through the content and form of two of the works that you have studied.” and “The global issue chosen for consideration should be significant on a wide scale, be transnational in nature, and be an issue that has an impact felt in everyday local contexts. The issue should be clearly evidenced in the extracts or texts chosen.”
What these prompts mean in simple language is that
— Both texts should center around the common global issue.
— The global issue should have significance on a wide/large scale.
— It should be transnational which means it should not be limited to one nation or city but extend across national boundaries.
— Last but not least Its impact should be felt in everyday local contexts i.e. it should be relevant to the current society.
Another important thing is that the global issue should belong to one of the following five themes
Culture, identity and community
Beliefs, values and education
Politics, power and justice
Art, creativity and the imagination
Science, technology and the environment
Conclusion
So, these are the important points that an IB student must be aware of before taking the IO or the Individual Oral. Along with these students must also know how to properly prepare for the IO. They need to know which extracts or global issues to choose that will help them to score better.
And for this, we are here to help you. We at Young Scholarz not only help students choose their extracts or understand IO properly but also teach you how to use your skills to deliver your IO presentations in an effective, purposeful, and nuanced manner.
Time management is like that one friend in your group who’s quiet as a mouse but their presence is only felt when they’re not around. It’s a skill that everybody strives to achieve but very few hone and accomplish. Procrastination, being one of the biggest enemies of time management, takes over like a plague for most of us. When it does, we’re usually left with self-disappointment and a void in the end.
But with some pre-planning and mindfulness, we can effectively combat this and emerge victorious – not in the eyes of others but for ourselves. To help you regulate your time and work more effectively, we have introduced an amazing tool in this blog post. This is a commonly known work management tool that has been in the rounds for more than half a century!
That’s right – the Eisenhower Matrix was introduced in the 1950s and continues to be employed, referred to, and thanked for in the present day.
The Eisenhower Matrix
Also known as the Eisenhower Box, the Urgent-Important Matrix, or the Time Management Matrix. It is named after President Dwight Eisenhower, the 34th President of the United States. This tool was not just created by him but also manifested itself in his professional career. Before he became president, he was a 5-star general in the US Army during the Second World War. Throughout his professional life, he brought about many changes that were helpful to the nation.
During his presidency of two terms, the Interstate Highway System was brought into play. NASA was created, and the first-ever civil rights legislation was signed into law. In addition, Alaska and Hawaii were brought into the union, and the Cold War with Russia was, well, maintained as cold. All of this was done with an efficient and calm hand – a solid example of prioritizing tasks. All in all, Eisenhower was a pretty productive guy. That’s a swell reason for having him get the ‘most admired man of the year’ title 12 times by Gallups.
This matrix was made even more popular a few decades later by the self-help genre author Stephen Covey. In his book, “7 Habits of Highly Effective People“, he refers to this matrix as a powerful tool to prioritize tasks and manage time well.
What the Matrix does
Cutting back to the matrix, it is a large square divided into 4 smaller squares. These quadrants are your workboxes, where you divide and segregate tasks in a manner of urgency and importance. Penned down by the president of Northwestern University, Dr. J. Roscoe Miller, Eisenhower quoted in a speech,
“I have two kinds of problems: the urgent and the important.The urgent are not important, and the important are never urgent.”
Against the popular misconception, urgent and important do not mean the same, nor can they be used interchangeably. The urgent tasks are those that need to be done right away, or else they’d have significant consequences for your long-term goals. On the other hand, some important tasks are not urgent but they should be done to achieve your long-term goals. To understand this better, we will break it down into quadrants as seen in the image below:
Understanding the Eisenhower Matrix
Quadrant 1
As the first quadrant mentions, this box would contain all those tasks that you need to DO right away. Filling out a university admission form or signing up for school drama may have tight deadlines. On a personal level, responding to a fire caused during unsupervised cooking demands immediate attention.
At work, it’s crucial to time yourself with urgent tasks. Spending too much time on them can leave little room for other quadrants, resulting in a messy situation.
With the exams coming up, we’re sure you have a lot of tasks to fill into the first quadrant! But, if you schedule them beforehand, you can avoid getting into a last-minute panic mode that would eventually burn you out. So choose wisely!
Quadrant 2
The second quadrant, also known as the SCHEDULE box, holds tasks that are important but not urgent. For instance, exercise is crucial for health, but not doing it in the next hour won’t turn you into a lazy blob instantly. Well, if you never do it then you might just.
Another example is prepping for your upcoming mock exams – extremely important for next week but so is the urgent assignment that you have to submit in your private tuition class today. You get the drill, don’t you?
Scheduling tasks for the day, week, or month helps prioritize and manage them in advance. This prevents last-minute shifts to the first quadrant.
Quadrant 3
The DELEGATE box, or Quadrant 3, is the section where you add tasks that are urgent but not important. They are not necessary to be done by you, and may not adhere to your skill set. For those delegating tasks, assign them to someone else to ensure timely completion. Examples include having a teacher review assignment feedback or having a sibling walk the dog. If your mother needs urgent help in the kitchen while you’re studying, direct a sibling to assist, and don’t hesitate to ask for help when needed.
Quadrant 4
This box is neither urgent nor important – hence the apt name given to it is DELETE. This is the procrastination inducer, a major distraction, the purple little devil ruining your planned day. Mindlessly scrolling through TikTok at dawn, ending with your mother screaming from downstairs – you know what we’re talking about.
These would also include binge-watching shows on Netflix or Rakuten Viki or being glued to your gaming consoles for hours on end. Although a short break is essential and rewarding for your long-term goals, this is a tricky and sticky trap that you need to control. A break that lasts very long would end up hampering the rest of the quadrants and giving you unnecessary panic and anxiety to complete your tasks in time.
You might think it’s easier said than done, hence we have listed down a few pointers to help you make use of this powerful tool to its best.
Effectively Applying the Eisenhower Matrix to Everyday Life
Code your tasks with some color or numbering
Make use of colors to separate the boxes and reduce the time given to the matrix itself. For example, quadrant 1 can be green, quadrant 2 yellow, quadrant 3 blue, and quadrant 4 red. Some might find it easier to swap the first quadrant with the color red, as red signifies danger and urgency.
Once you’ve got the hang of the colors, you begin to associate tasks more effectively. You may not always have the means to sit and make boxes all the time, but you can always draw up a list and highlight the tasks according to the colors. Alternatively, you can use numbers. The numbers are synonymous with the quadrant numbers 1, 2, 3, and 4.
Take a look at the example below:
Limit your tasks
If you’ve got too many tasks to do, and if you fill one box with 10 + tasks, there’s a good chance you’re going to flip, plonk up on your bed, and end up doing nothing due to the overwhelmed. An easier solution is to limit the number and focus only on what you can do in the next 12 hours or so. Some work is better than none, hence you must always be realistic with your goals.
Separate the personal from professional
When you have a lot of tasks to do, mixing them all up could be catastrophic to you on a physical as well as mental level. There would be a few days when you’re overloaded with tasks in school as well as at home. Take, for example, a few guests coming over during the term end for a festival like Eid or Diwali to celebrate when you’ve got a main exam the very next day.
As we mentioned before, planning and prepping in advance reduces the workload, but separating your matrices into home chores and schoolwork can make a lot of difference.
Use the power of deduction
To reduce the number of tasks ending up on your to-do list, the first thing you do after making a list is strike off tasks that are unnecessary and insignificant. Why draw them up in the first place? That’s because they consciously help you eliminate actions that would hinder the rest of the tasks. For example, when you know you have to prepare a presentation after 2 days at work or at school, you might end up watching silly videos as a result of procrastination. If you cancel it in advance, you know what you’re not supposed to do.
We hope that this helps you plan and prepare your tasks more efficiently. We’re not saying that the Eisenhower Matrix is perfect, it has its flaws (for e.g. what if you’re an only child?). Whether you’re an adult who has just begun her new job or a grade 10 student who wants to achieve an A grade in their IGCSEs, this matrix is suitable for all ages and we’re sure it would help you well.
Economics is a social science that aims to understand and describe how wealth is produced, distributed, and consumed. Thus, economic issues are a focus of the discipline. It aims to provide systematic answers to a wide range of issues involving the economic behavior of people, society, and the economy.
Definition
Numerous adjustments have been made to the definition of economics over time. Numerous economists have contributed to the subject’s increasing depth of meaning. Starting with Adam Smith, who is regarded as the founding father of economics. According to him, “Economics is the science of wealth” His theory emphasised materialism and had a narrow view of wealth.
Then came Alfred Marshall, according to him “Economics is the study of mankind in the ordinary business of life”. with his conception of welfare. His definition featured key points such as:
Study of mankind.
Study of the ordinary business of life.
Study of material welfare.
Emphasis on requisites of well-being.
Exclusion of Non-economic activities.
However, despite all the improvements made to his idea, it was still criticized. This was due to the materialistic and unrealistic categorization of activities.
After Marshall, Lionel Robbins proposed his definition- “The science which studies human behavior as a relationship between ends and scarce means which have alternative uses”
For his definition, Robbins got both praise and criticism. His work was praised for providing a reasoned justification for economic issues. He even said it had a universal nature. He said that it was a human and positive science. The term gave a broader perspective on economics.
Finally, Paul. A. Samuelson’s definition is the one that many economists still accept today. The Growth-Oriented Definition was his idea. Economic issues were emphasized in the definition. It had a long-term outlook and a flexible strategy. His theory addressed a wide range of issues. It covered all bases and took a wider angle.
Thus, even as a topic, economics has had a hard road to building its foundation.
Real-world examples of economics
To better understand economics, some broad or real-world examples can be used.
Example 1 – Opportunity Costs
Opportunity costs are the advantages that a person or corporation forfeits by selecting a different course of action. Typically, not all possibilities are taken into account while choosing, which results in a number of opportunity costs being missed or overlooked.
Consider a company which had extra capital that they could either invest in the stock market to earn an annual return of 15% or update its equipment to earn an annual return of 12%. If the company chooses to upgrade its equipment to make higher-quality items instead of investing in stock it will forgo a return of 3% (15%-12%). The opportunity cost to the company is this 3%.
Example 2 – Sunk Costs
A sunk cost is a cost that the company has already invested and cannot recover. It is a prior expense incurred by the company that is not taken into consideration while making future business choices. When making decisions for the future of a business, sunk costs remain constant.
Imagine you go for a movie, and it turns out to be terrible but since you have already paid for the ticket, you tend to sit and watch the whole thing. Through this, you don’t realize that watching the movie is not going to get your money back. However, we end up wasting our time.
Example 3 – The Trade War
Every country makes an effort to safeguard its own economy, companies, and industries. They would protect the interests of the businesses in the country as local industry generates jobs. As a result, when commodities/goods are imported from other countries, they impose greater tariffs and taxes. In response, the other nations impose even greater duties. This creates a conflict known as Trade wars.
The best example of this is the ongoing trade conflict between the United States and China, in which the US imposed higher taxes on commodities/goods imported from China and China responded by imposing comparable duties on US goods.
Example 4 – Supply and Demand
Economic theory is based on the rule of supply and demand. Demand is the quantity that market participants are willing to purchase, whereas Supply is the number of items that producers float on the market. The equilibrium point is the location where supply and demand are equal enough to satisfy one another, it is where the supply and demand curves meet in an efficient market.
For example, Farmers lower the price of the crop when corn production rises in order to sell more of their harvest. When there is an excess of supply compared to demand, the produce is wasted and the farmer is at the loss of their cost of production.
Conclusion
The above examples give an overview of a few of the concepts of economics, which include the law of supply and demand, opportunity costs, sunk, and trade wars. Though they do not cover all types of variants; it does give a fair understanding of real-world economics. For more understanding of Economics, register with us at Young Scholarz and book 1:1 sessions with our certified Economics tutors for IB and IGCSE.
Exams can be intimidating. Students often complain that they lose marks even after having put in a lot of effort and hard work. They find themselves not being able to complete the paper on time. Some didn’t know the pattern very well and wished they learned a proper strategy for the paper. A tried and proven solution to practice well is a mock exam. Mock exams are considered practice exams before you appear for the final one. These are very important for IGCSE and IBDP students who wish to improve their grades. In this blog, let us understand why and how these mock tests are useful.
1. Familiarises us with real exam conditions
Mock tests are like the actual exams that are purely based on the latest exam pattern and syllabus of the respective examinations. They are designed in a way that helps the students feel that they are sitting at an actual exam. If a student practices with ample mock tests, no question will be too daunting.
2. Boosts confidence
Mock tests help the students check their level of preparation. It helps them know if they are on the right track and check if they are lacking anything so that they can work on them. This boosts their self-confidence which helps them to be successful in their examinations. Plus, it also keeps exam fear away.
3. Helps to analyze our mistakes
Analyzing one’s performance in mock tests plays a very important role. After each test, students should spend time understanding and analyzing their performance. One must go through each section carefully to understand what and where they went wrong and what could have been done in a better way. In this way, they will not repeat the same mistakes in the actual exams which will help in upping their grades.
4. Helps develop the right strategy
Rather than just learning the concepts and formulae, preparing the right strategy helps the students crack and clear these tests, and also get good grades. As the students keep taking mock exams, they develop the right strategy through a proper analysis of their performance in each mock. They will not only understand the test pattern but also use the mastered strategies for tackling the actual test.
5. Helps with time management
It becomes very difficult for students to attempt all questions in the given time if they don’t take time management seriously. This is where the role of mock tests is crucial. As we know now, mock tests are like actual tests. So when students sit for any mock test, it not only helps in enhancing their performance but also tracks their speed which helps them know if they will be completing their actual exam on time.
6. Helps you practice and prepare
We all know the phrase “Practice makes a man perfect”, and mock tests help us with just that. The more mock tests we take, the more we get better at that particular subject. What happens is that with proper practice and conceptual understanding, we tend to solve the problems that we are facing during the mock tests, which in turn helps us avoid those problems in the actual exams.
To conclude, if a student is serious while sitting for the mock test, they will also perform well in the actual exams as it will help them learn from their mistakes. If any student is lagging, he/she should start the preparation by understanding the concepts and learning the basics. Then apply those concepts while they are appearing for mock tests. Surely enough, the student will start seeing positive changes in his/her grades. If you need help and guidance, we at Young Scholarz are here to help you with mock tests and so much more. You can opt for mock texts or book a class (group and solo sessions). Our detailed feedback system will make sure that you know where you err, and help you improve well before the exams.
We are bringing back the exam preparation classes for IGCSE and IB exams to all students to gear up for the May 2023 main exams. These sessions will provide you with much-required practice and guidance to succeed in your exams. The exam prep sessions are important to help you prepare and assess your performance in a controlled environment.
We begin with brushing up on all the subjects, ranging from IGCSE language to IB Literature, so if you haven’t signed up with us, this is your chance to get an in-depth understanding of the papers. These sessions will be conducted online as well as in-person, so if you’re far away you need not worry!
The exam practice sessions will be timed and in an exam-induced environment so you will get to review your performance beforehand and improve before your finals. All the papers done during the sessions will be thoroughly marked with detailed and personalized feedback from our expert teacher, Sunita Sharma. We will guide you through any difficulty you may face in timing, planning, or executing your paper to help you achieve your desired result.
We have limited sessions and slots available starting the 14th of Jan and running through May 2023 to help our students prepare and get an edge. Check out the links below to view our schedule!
