06-05-2007, 05:48 PM
Don't feel bad if it takes a few days for the subject matter to "click" for you. I felt like my brains were MUSH and got so discouraged when I was studying for these two, especially macro. It did finally click though.
Frankly, I used IC almost exclusively because I couldn't get either the REA book or the Cliffs book to make any sense to my poor feeble brain. I also used an online book (see this link: http://william-king.www.drexel.edu/top/p...oToC.html). I didn't read all of it, but read certain chapters on areas I was sticky with. He does a good job of explaining concepts and graphs--MUCH better than either Cliffs or REA. (The REA practice test was very helpful though, as was the CLEP practice test.)
I had taken economics in high school, so conceptually I was familiar with the basics. Plus I took a lot of math in high school so the math side of it clicked pretty well when I finally got a handle on WHAT the graphs meant. (Thought I was going to tear my hair out with the graphs!) So if you've taken economics before, you probably won't have too much trouble at the conceptual level...it's just getting familiar with the graphs and the jargon.
I ended up with a 73 (74? I forget) on macro and a 65 (I think) on micro. So it is definitely doable....just make sure you know how to read a graph, that MPS +MPC = 1, that the money multiplier is 1/percentage ration (I think....double check that!) and is also 1/1-MPS. And be sure you can tell the difference between a change along the supply or demand curve and an actual change in supply and demand.
Good luck!
Frankly, I used IC almost exclusively because I couldn't get either the REA book or the Cliffs book to make any sense to my poor feeble brain. I also used an online book (see this link: http://william-king.www.drexel.edu/top/p...oToC.html). I didn't read all of it, but read certain chapters on areas I was sticky with. He does a good job of explaining concepts and graphs--MUCH better than either Cliffs or REA. (The REA practice test was very helpful though, as was the CLEP practice test.)
I had taken economics in high school, so conceptually I was familiar with the basics. Plus I took a lot of math in high school so the math side of it clicked pretty well when I finally got a handle on WHAT the graphs meant. (Thought I was going to tear my hair out with the graphs!) So if you've taken economics before, you probably won't have too much trouble at the conceptual level...it's just getting familiar with the graphs and the jargon.
I ended up with a 73 (74? I forget) on macro and a 65 (I think) on micro. So it is definitely doable....just make sure you know how to read a graph, that MPS +MPC = 1, that the money multiplier is 1/percentage ration (I think....double check that!) and is also 1/1-MPS. And be sure you can tell the difference between a change along the supply or demand curve and an actual change in supply and demand.
Good luck!