What comes to your mind first when you hear the word "ECONOMY'?

Money? Graphs? Businesses? Banks? 

Yes, they are somehow related to the world of economy, but we are just barely scratching the surface.

You don't have to worry if you are a total rookie when it comes to approaching this subject.

In due time, you'll progress from a beginner to a master with the right guidance. 

You can expect a fun adventure when you have your first Economics lesson as a Form Four student.

In this article, we will have an overview of what you'll learn for your SPM Economics syllabus including the Form Five Economics chapters, the latest examination format, the subjects' marking scheme and tips to score well for the papers.

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How Many Economics Topics Will You Learn During Your Form 4 Studies?

First things first. Let's take a look at the five chapters that you will learn based on your Form 4 Economics syllabus.

Form 4 chapters

  • Bab 1: Pengenalan Kepada Ekonomi

In this chapter, you will learn about two main sub-topics which are konsep kekurangan, pilihan dan kos lepas as well as system ekonomi dan penyelesaian masalah asas ekonomi.

  • Bab 2: Pasaran (Keseimbangan Pasaran)

In this second chapter, you'll come across concepts such as permintaan, penawaran and keseimbangan pasaran.

  • Bab 3: Pasaran (Keanjalan Harga)

Next, you will study about three core topics: keanjalan harga permintaan, keanjalan harga penawaran and kepentingan keanjalan harga.

  • Bab 4: Wang, Bank Dan Pendapatan Individu

For this fourth chapter, you will be taught two main principles: wang dan bank and pendapatan individu.

study spm economics money
Dive deep into how money works through your SPM Economics syllabus.
Photo by Towfiqu barbhuiya on Unsplash
  • Bab 5: Pengeluaran

For the final chapter, you will go through two sub-topics which include: konsep pengeluaran, kos dan hasil as well as produktiviti dan eksternaliti.

In between, don't forget to check out these amazing learning resources to ace your SPM Economics papers.

What Is The Latest Syllabus For Your Form 5 Economics?

Now. let's take a look at the seven chapters that you'll master the following year.

  • Bab 1: Peranan Kerajaan dalam Ekonomi

The three sub-branches under this chapter include peranan kerajaan sebagai pengeluar dan majikan, peranan kerajaan untuk mencapai objektif makroekonomi negara, peranan kerajaan dalan mengawal selia pengeluar dan eksternaliti negatif.

  • Bab 2: Penunjuk Ekonomi

You will learn about main topics like indeks harga pengguna, inflasi, pengangguran, keluaran dalam negara kasar as well as pertumbuhan ekonomi.

  • Bab 3:Alat Dasar Ekonomi

Two important concepts that you'll study here are dasar fiskal and dasar kewangan.

  • Bab 4: Globalisasi

You will get to master important economic concepts such as syarikat multinational, globalisasi, faktor penggalak globalisasi dan pelaburan langsung asing.

  • Bab 5: Perdagangan Antarabangsa

In this chapter, you'll learn about topics like sebab-sebab wujud perdagangan antarabangsa, sekatan perdagangan antarabangsa and book ekonomi.

  • Bab 6:Imbangan Pembayaran

In this next chapter, you will study about komposisi dagangan dan arah aliran perdagangan Malaysia and imbangan pembayaran.

  • Bab 7:Kadar Pertukaran Asing

For this final chapter, you will learn about the concept of pertukaran asing, pengiraan pertukaran asing, faktor yang mempengaruhi permintaan dan penawaran mata wang asing, analysis penentuan dan perubahan kadar pertukaran asing and kesan perubahan kadar pertukaran asing terhadap eksport dan import.

Continue reading to learn more about the latest examination structure for this subject.

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Hanson
5
5 (6 reviews)
Hanson
RM50
/h
Gift icon
1st lesson free!
Sachini
5
5 (7 reviews)
Sachini
RM30
/h
Gift icon
1st lesson free!
Liow
5
5 (7 reviews)
Liow
RM45
/h
Gift icon
1st lesson free!
May syuen
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5 (7 reviews)
May syuen
RM120
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1st lesson free!
Hani
Hani
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1st lesson free!
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5
5 (8 reviews)
Eric
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Gift icon
1st lesson free!
Vanessa
5
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Vanessa
RM39
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1st lesson free!
Sherrine
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5 (5 reviews)
Sherrine
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Let's go

Understanding The Format Of Your SPM Economics Paper

Once you have gained familiarity towards the overall subject syllabus, it's now time to review the tested components of your exam papers.

SPM Economics Paper 1

For Paper 1, candidates need to answer 40 multiple-choice questions. The test duration is 1 hour and 15 minutes.

spm economics 2023
With the right preparation, you can ace your SPM Economics Paper 1 and Paper 2.
Source: The Star Online

SPM Economics Paper 2

For Paper 2, there are two sections consisting of structured questions. The test duration is 2 hours and 15 minutes.

Candidates need to answer ALL three questions in Section A. The total mark for this section is 60 marks.

On the other hand, candidates only need to answer two out of four question options in Section B. The total mark allocation for this section is 40 marks.

Questions in Section B are generally based on a passage or specific scenario.

Candidates are advised to give their answers in full, simple and concise sentences (Fakta + Huraian) according to the given mark allocation.

Explore these practical tips to score high for your SPM Economics subject.

Which Resources You Should Gather To Prepare Your SPM Economics Revision

We are sure you have now a better picture of what to expect for your actual SPM Economics papers.

It's time to get down to business and start preparing.

Like a real battle preparation, think of this process as a crucial stage of gathering and sharpening your weapons as well as building your stamina.

Let's review some of your important "weapons" aka resources to ace your SPM Economics papers.

Topical Notes For The Entire SPM Economics Syllabus

Depending on your learning style and preference, you can either highlight your reference books, come out with concept maps, and bullet points or even print out the topical PowerPoint slides for all the chapters.

The key thing is to make sure you have all the materials ready as you review and memorise the important concepts so that you don't miss out on anything.

You can start doing this as soon as you finish reviewing every chapter for the first time to avoid last-minute panic!

spm economics resources
Having an organised notes enables you to have a more efficient revision process.
Photo by Bram Naus on Unsplash

Tutorial Videos

If you are an audiovisual learner, you should certainly download the relevant tutorial videos and repeat watching videos on answering techniques and solutions to retain the important information.

Studies have shown that whenever we engage in active and repetitive listening while learning, our memory tends to improve too.

Actual Past Year Papers & Trial Questions From Other States

The more you practice with these past year's papers and sample questions, the more confident you will be when you face the actual examination day.

This cumulative practice will enable you to identify the important keywords and help you relate to the questions in an effective manner.

All these resources are bound to be useful, especially in terms of understanding the marking scheme of the SPM Economics papers.

Click here on where to find reference papers for STPM Economics 2023.

3 Amazing Tips You Should Start Doing Now To Ace Your SPM Economics Papers

Once you have gathered the necessary resources, it's time to pair them accordingly to the real questions that you will face.

Here are three amazing tips that will help you throughout this journey.

Tip 1:  Master the definitions, functions, factors, effects of the core concepts

For Paper 1 and Paper 2, you will certainly come across questions that require you to either select or explain specific economic concepts.

Some examples include:

  • Pernyataan manakah yang benar tentang hukum permintaan?
  • Terangkan tiga fungsi bank pusat.
  • Jelaskan kesan penurunan kadar inflasi terhadap eksport negara dan tabungan.

Tip 2: Review the marking scheme after you've practised with past year papers/sample questions

Once you have attempted the questions from past year's papers, be sure to compare your original answers with the given answers. Mark your answers objectively according to the grading scheme.

Double-check to see if you have missed out on some important points or if you have made any careless mistakes in between.

You can also memorise some of the sample answers in terms of their structure, points (fakta) and elaborations (huraian). That way, you'll know how to answer when you come across a similar question in the actual paper later.

Tip 3: Take lessons from a private tutor

At times, self-learning can be quite lonely and distracting. It could also be very frustrating when you just can't seem to get past a crucially important concept.

We highly recommend you to hire a private Economics tutor if that's the case with you.

With a private tutor, you can enjoy a personalised learning experience in a flexible manner.

You're able to enjoy the undivided attention of your tutor throughout the session, and you can ask as many questions as you wish without minding the time limit.

Whether you're looking for a home tutor or online tutor to cater to your learning pace and needs, Superprof's got you covered!

At Superprof, you can find an experienced Economics tutor who teaches near your neighbourhood within your maximum budget for your lessons.

You only need to visit the Superprof Malaysia homepage to get started.

Let's say you are from Subang Jaya, you can easily browse for Economics tutors around that area and narrow down your search according to your maximum budget too.

If you specifically want tutors who offer their lessons within the range of RM50 an hour, you will be directed to a selection of tutors who fulfil that requirement. There's no pressure on the educator and student's side. Isn't that wonderful?

As you compare and review the tutors' profiles, you can also read their basic information and their past students' reviews before deciding. Rest assured that the tutors at Superprof are 100% verified.

The moment you're ready to proceed to the next step, you can then connect with them via a Student Subscription Pass. You can start planning your first Economics lesson with your desired tutor and discuss other details such as payment and lesson structures.

Once you follow these tips, you'll soon master SPM Economics Paper 1 and Paper 2 like a pro.

Now, what comes to your mind when you hear the word "ECONOMY'?

We hope it's an endless world of POSSIBILITIES.

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An avid reader and writer, Joycelyn loves the art of communication and is passionate about all kinds of media.