If you have decided to take STPM after your secondary education, you must be wondering which subjects you should choose from that can benefit you not only in your tertiary education but also in the future when you move into the workforce. In our opinion, one of the best subjects to take is STPM Economics. Although this subject is not easy, like some of those offered, Economics is closely intertwined with our daily lives. This makes this subject relatable to students and highly beneficial to them, regardless of whether they have decided to get a degree in economics.
Students will gain a comprehensive understanding of economics throughout the three upper secondary semesters. To provide transparency and clarity, we have meticulously outlined the assessment criteria and covered topics for each semester. This detailed breakdown will offer students a thorough insight into the content and expectations of this subject throughout their academic journey.
The format of this subject is essential and highly beneficial for students as it gives them an overview, which will help them not only prepare for their examinations but also plan their strategies for tackling this subject.
944/1 Ekonomi 1
Students will be taking their initial economics assessment at the conclusion of the first semester. This assessment is referred to as Ekonomi 1 and is identified by the code 944/1.
The main topics that will be covered will be regarding Microeconomics. Below, we have listed the topics that will be taught during the first semester of this paper.
Pengenalan
In this section, students must know how to differentiate between microeconomics and macroeconomics. Key concepts such as the sources and types of economy and the economy in Malaysia will be taught.
Pasaran Barang dan Harga
This chapter is about demand and supply and the factors that affect them. Students will also learn about equilibrium, surplus, and elasticity.
Teori Pengeluaran dan Kos Pengeluaran
In this chapter, students will be taught the different kinds of costs, the types of economy, as well as firms and industries
Struktur Pasaran, Penentuan Harga, dan Output
In this chapter, students will be exposed to concepts such as revenue and profits and the different types of markets.
Pasaran Faktor dan Agihan
In the last chapter, students will learn about production factors, wages, rent, interest rates, and profit.
These five topics are the major topics that students must master in order to score well in this assessment. This examination paper has three parts, each combining multiple-choice questions, essay questions, and quantitative questions.
Part A - 20 multiple-choice questions that carry 20 marks.
Part B - There will be six essay questions. Students will have to choose and answer four of these. This part carries 40 marks.
Part C - There will be three quantitative questions, and students will have to choose and answer two of them. This part carries a total of 20 marks.
944/2 Ekonomi 2
At the conclusion of the second semester, students will be required to take their upcoming assessment, Ekonomi 2, identified by the code 944/2.
The main topics that will be covered will be from Macroeconomics. Below, we have listed the topics that will be taught during the second semester of this paper.
Pengenalan
This section will teach students about national income, indicators, and macroeconomic issues.
Perakaunan Pendapatan Negara
Students in this chapter will explore the complexities of national income. They will gain an understanding of the methods used to calculate national income and learn how to analyse and interpret the resulting data effectively.
Keseimbangan Pendapatan Negara dan Dasar Fiskal
In this chapter, students will learn about aggregate income, aggregate spending, fiscal policies, as well as open economies.
Wang, Bank, dan Dasar Kewangan
In this chapter, students will be taught about money, banks, the types and function as well,
Perdagangan dan Kewangan Antarabangsa
This section discusses international trade, including why we have it, its benefits, exchange rates, and more.
These five topics are the major topics that students must master in order to score well in this assessment. The assessment for this paper is similar to the Semester One assessment. This examination paper has three parts, each combining multiple-choice questions, essay questions, and quantitative questions.
Part A - 20 multiple-choice questions that carry 20 marks
Part B - There will be six essay questions. Students will have to choose and answer four of these. This part carries 40 marks
Part C - There will be three quantitative questions, and students will have to choose and answer two of them. This part carries a total of 20 marks.
944/3 Ekonomi 3
As the third semester wraps up, students will have the opportunity to showcase their knowledge in the upcoming Ekonomi 3 assessment, identified with the code 944/3.
The main topics that will be covered will be from Malaysian Economics. Below, we have listed the topics that will be taught during the third semester of this paper.
Pengangguran, Guna Tenaga, dan Upah
In this section, students will be exposed to the term and concept of unemployment, how it is in Malaysia, and what affects unemployment and wages in Malaysia.
Inflasi dan Kos Sara Hidup
In this chapter, students will delve into the intricate topic of inflation. They will explore the various factors that influence inflation, gain an understanding of the current state of inflation in Malaysia, and examine the interplay between inflation and the cost of living. Additionally, the chapter will cover strategies for controlling inflation and managing our national budget.
Perdagangan Antarabangsa dan Imbangan Pembayaran
Thirdly, students will learn about international trade and the country’s openness. They will learn what factors affect international trade, what the effects of having international trade are, how to control them, and more.
Perusahaan Kecil dan Sederhana
In this chapter, students will learn about Malaysia’s different types of business units and the government’s role in each.
Institusi Kewangan
In this chapter, students will learn about financial and credit institutions in Malaysia.
Kemiskinan dan Agihan Pendapatan
This last chapter will expose students to the concept of poverty in Malaysia and the country’s contribution.
The six topics mentioned earlier are crucial areas that students must fully understand to perform strongly in this assessment. It’s worth noting that these chapters stand out from those covered in the previous two semesters as they specifically pertain to the economics of Malaysia. If you find yourself struggling to understand the topic, you can always refer to online resources to help you ace STPM economics. The test will include both thought-provoking essay questions and challenging quantitative problems.
Part A - There will be six essay questions. Students will have to choose and answer five of these. This part carries 30 marks.
Part B - There will be two quantitative questions, and students will have to choose and answer one of them. This part carries a total of 10 marks.
944/4 Ekonomi 4
This assessment is unlike the rest. The 944/4 Ekonomi 4 is a coursework assessment. Students are given the entire third semester for this assessment to prepare, complete, and submit their work. Students from government schools will have their teachers look at and assess their work. An appointed teacher will assess this section of the STPM Economics subject for private school students and individual submissions.
This assessment carries a total of 20% of a student’s student grade, so this is quite an essential part of the Economics subject that students should pay attention to. One of the main reasons that the Ministry of Education has decided to include this in the assessment is to give students the opportunity to deal with real-life Malaysian economic issues. Students will be able to learn and put into practice abilities and skills such as finding, collecting, classifying, analysing, interpreting, formulating, and recording economic facts.
An example of a question that might be asked is what small and medium enterprises in Malaysia face in terms of marketing problems and issues. For a question like this, students will be expected to come out with coursework of approximately 25 pages. It might seem like a lot, but when you look at the overall picture, it is something that is manageable as students are given a whole semester to work on it. Due to its flexibility, students should grab the opportunity to do well and score in this section, as it guarantees 20% of the overall grade. Are you curious about the grading system for STPM? Click here to know more.
Tuition centres and tutors tend to focus on assessments one to three when it comes to the STPM Economics paper. The tutors on Superprof, on the other hand, have a more holistic approach in their methods. Although each and every tutor on Superprof has their own teaching methods, one thing is for sure: they can teach you not only the written assessments, which are 944/1, 944/2 and 944/3, but 944/4 as well.
If you’re finding it challenging to keep up with your coursework, Superprof offers dedicated tutors who can provide personalised assistance and tips to help you study for STPM economics. They can help you thoroughly understand the key concepts you need to focus on and teach you effective ways to present your research and findings. Whether you’re in Malaysia seeking support with your economics paper for STPM or tertiary education, or if you’re interested in learning economics for personal enrichment, Superprof is the ideal platform for you. Our tutors are eager to facilitate your learning journey and help you achieve your academic goals.
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