Economics is a very beautiful subject that anyone interested in both international and locale discussion that deals with job creation, politics, international business, wealth distribution, and business creation can delve into. Learning the facets and technicalities of the subject has very real benefits that permeate real-life and day-to-day job experience.

After all, economics is everywhere and it is feelable since it is what we see and do every day. Therefore understanding the concept of this course can give you headway in life, school, and even in your job (International or local Jobs).

However, many students see economics as one very complex and difficult subject that involves much of calculations, formulas, and equations such as seen in some science subjects like Mathematics. The study of economics has been a major source of anxiety for students' mostly in secondary schools and also in the university across the globe over the last decade.

Not everyone is comfortable with dealing with formulas and equations most especially when the questions seem abstract. But don’t get it twisted as economics does not really involve a lot of high-level rocket science mathematics but it stills requires some analytical and quite some complex concepts.

However, the best and most effective way to understand the concepts and topics for this subject is to learn to grow in the course. This article will show you some step-by-step approaches that you will follow to help you ace your economics examination and also find the right economics tutor.

Economics class
Find an Experienced Economics Teacher in Ibadan/ Source: Getty Image

Defining the concept of Economics

Economics is defined as the study of scarcity and how people make use of resources. The subject often involves the study of topics such as finance, accounting, wealth, and job creations. Economics is a very broad discipline that helps students to understand the working of the economy, historical trends and equip individuals with the ability to make a forecast about the future.

Contrary to the popular belief by most people, economics involves more than the study of money. Economics at its best is a social science that tries to understand how people in a society interact with things of value and scarce resources. It involves the use of different scientific methods in making rational decisions while predicting human behaviours.

Benefits of Studying Economics at the University

Most students in secondary schools that are studying economics as one of their compulsory subjects might still be interested in studying the subject at an advanced level in the university. Different Nigerian universities offer these courses to students that wish to further.

Students in universities such as the University of Ibadan, Federal polytechnics and other universities and colleges of education in neighbouring states such as Lagos, Abuja, Ogun State and Ekiti State studying this course at the university stands to benefits from this course in the years to come. Some of the benefits of learning the course both as a secondary school student and as an undergraduate in the university include

  • Economics Helps you to develop Lifelong Skills

Like we stated initially, economics as a course of study involves more of learning valuable life skills than just being good at handling money. Learning economics helps to equip a student with numerous skills that can be translated into different aspects of one's life.

The study of economics at the university or at an advanced level helps one to become a better communicator, an analytical thinker as well as a great problem solver. It also exposes the student to different cultures and sentiments since the course involves knowing and keeping up with current trends. This allows one to see the world as a global village and offers one the opportunity to become an international player.

  • The Study of Economics Helps you to Become a More Rational Thinker

The core of economics is rationality and as a professional economist, there is a need to be a rational being and not an emotional being. The study of economics helps you to make decisions based on a clear set of conditions. Learning about the subject of economics helps to equip you well to become a better decision-maker since economics relies more on cause and effect. The knowledge of economics such as decision trees and game theory helps you to see all angles and possible outcomes before selecting a particular decision.

  • The study of Economics Helps you to Understand how the World Works

Economics is all about the workability of the real world. Most economics theories and principles are not just abstract but real. Economics deals with adaptation to changes that happen across the globe daily and applying economics concepts to these changes.

Some of these concepts include the law of demand and supply, inflation and deflation, and why too much money is chasing fewer goods. Learning economics teaches you how Economics affects the real world, as well as how the real world affects economics.

  • Secure high paying jobs

The study of economics exposes you to high-paying jobs both locally and internationally. Studying at the university can be costly if you are in a private university but regardless of the initial investment, graduating with a bachelor's degree in economics is a good investment. In other to get a good return from your education, there is a need to be rational about the course you choose to study at the university. Since the course you study can determine the path your life will take. A degree in economics is expected to open up lots of job opportunities in different sectors of the economy.

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Steps to Studying Economics Effectively

Studying economics comes with different benefits but there are the right steps to follow in other to do well in this field of study. The study of economics requires an analytical and systematic way of learning such as in the learning of Mathematics and the English language. Here are some important things to note when learning economics to make it more enjoyable.

  • Prepare well and practice

As a student still in secondary school or the university, it is important to always prepare well and practice before any examination since practice makes perfect. Adequate preparations and practices before each class help you to have a better grasp of what the teacher will be teaching during the lesson. Having an inking about an upcoming topic allows one to easily follow along with ease.

  • Attend all Classes

Most times, students tend to underestimate the importance of attending all classes or lectures. Indeed, most information is already in the textbooks and other online resources but nothing beats the knowledge your tutor or lecturer can give to you. Always remember that no amount of self-study can take the place of a teacher when studying some topics such as econometrics

  • Be a Smart Note-Taker

As a secondary school student or an undergraduate in the university, it is important to be actively present in the class. Taking down notes is important as it allows you to review the formulas, concepts, and theories that you might need to delve deeper into after each class. A smart note-taker does not just jot down everything during a class but the most important points and facts.

  • Ask Questions

Most students are scared of asking questions in class most especially those in the university. Students mostly in public schools and universities often think that asking questions in class would disrupt the lecture and annoy the lecturer. But contrary to the popular belief, most tutors or lecturers welcome questions. A good teacher knows that questions from their students are a sign that the students are following and participating.

  • Never be afraid to ask for help

No matter how good or well prepared a student can be, there will be some economic concepts, formulas, and theories that might seem a bit difficult to grasp. It happens to the best of us at one point in time or the other. So there is no need to feel ashamed or embarrassed. The best thing to do to get back on track is to ask or seek external help. There are thousands of online tutors that are always willing and available to offer a private class for free or for a fee.

Economics textbooks
Get the Right Economics Tools. Source: iStock Image

Ways to Finding an Economics Tutor

As a student preparing for his or her examination, you can find an economics tutor either in-person through the face-to-face route (home) or via the online (Webcam) route. Everything can now be done virtually (no pun intended) and this includes quality classes and interaction.

To do this, you can search for an economic tutoring agency either online (webcam) or physically (face to face) in Ibadan. A Google search will most likely bring up a good number of hits from both private tutors and government-approved tutoring agencies in Oyo State.

One of the most reputable tutoring agencies that you are most likely to see at the top search is the Superprof platform. On the Superprof website, you are sure to see the profile of approved teachers with quality educational qualifications and years of experience in tutoring services. At the Superprof platform, every one of the tutor's profile is fully verified before lunching.

Inquiring For Online Tutoring

Countless Economics teachers can be found online, but then, the question of relevancy and qualification comes up: are they relevant to your field of study? Are they qualified enough to tutor you?

Superprof tutor platform has about 172 Economics tutors available in Ibadan, Oyo State. 98%  of them offer their first one-hour economics tutorial for free. This free one-hour class is expected to help you familiarize with the teachers teaching styles and pattern.  At the Superprof platform, you can view all the approved teachers' individual profile/profiles to see their previous reviews.

These reviews on their profile help you to make a rational decision when selecting a teacher. The profile of each of the teachers bears their years of experience, style of lessons (webcam or face to face/home), days of lessons, subject/subjects handle, previous reviews, the rate per hour. The average cost per hour is ₦2500.

The profile of all approved tutors are verified and they offer both online (webcam) and physical tutorial (face to face/home), depending on your want. You can check our tutor platform to find out more about them.

Check out and read up on economics tutors Rivers state here.

Find an economics tutor
Learning Economics with a university student. Source: Shutterstock Image

Find a Private Teacher in Oyo State

Whether you need help with complex economic theory, mathematical formulae, statistical and financial analysis, or carrying out research works, Ibadan boasts of approved tutoring agencies and private teachers. On the Superprof platform, there are some great and experienced economics tutors to pick from who will come to your home or any convenient location you choose. Some of our best picks include

Emmanuel teaches economics and mathematical lessons up to the tertiary level in Ibadan, Oyo State. Emmanuel possesses over 3 years of experience ranging from mathematics and economics. The average price rate for one hour class is ₦1500 per hour and he teaches different levels which include Primary, Secondary, WASSCE, National Common Entrance Examination (NCEE), GCE, Adult education, and Undergraduate students.

Ademola offers economics lessons up to the university level in Ibadan, Oyo state. He prides his teaching methods to be student cantered and practical oriented. His rate for online lessons is ₦3000 per hour

Finally, by accepting to go through the online route via the Superprof platform, you can effectively eliminate the geographical boundaries that initially restrict students from accessing good and experienced tutors.

Click here to find out about Taking Economics Classes in Nigeria with the Help of Private Tutor

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Achara

I am a professional Freelance Content writer with a Bachelors Degree in Business Management and a Masters Degree in Strategic Management. I am a member of several international organizations, including ISMN and NIM. I have a strong flair for writing as a lecturer. I utilize these skills to ensure my contents meet the global standard.