Glossary

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total costs

Subject: 

  • Economics

the cost of producing the total output. lt consists of the total fixed costs plus the total variable costs.

Related Content

short run average cost (SRAC)
Subject:
Economics

the sum of average fixed costs and average variable costs

essential goods
Subject:
Economics

basic goods that are essential for everyday life.

imperfect market
Subject:
Economics

one in which the individual producers (or group of producers) or consumers can influence the...

transfers
Subject:
Economics

payments for which no reciprocal action is required.

factor markets
Subject:
Economics

markets where the factors of production are sold to the producers in the enterprises.

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Many subjects require students to know work from the previous grades. Make sure your students are able to access the textbooks from previous years or a good reference book that contains the...

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Exam practice is essential. Make sure your students have access to practice exam papers for the subjects they take. Make sure the exam papers relate to the correct version of the curriculum.

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Remind your students that studying should be active. They should be making notes, working through examples, doing practice exam papers and testing themselves on the sections they are studying.

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Formulae sheets or key concept sheets are useful for quick revision. Make some sheets your students can stick on a wall or at the back of their books. The more they look at the formulae and key...

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Different study methods work for different students. Encourage your learners to find out what works for them so you can support them.

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Many subjects require students to know work from the previous grades. Make sure your child has access to a good reference book that contains the concepts they need to refer back to.

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Be calm and supportive on the morning of the test or exam. Leave any difficult conversations for another time.

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On the afternoon before the exam, get your child to review her notes and summaries, especially for sections of work where she is less confident.

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On the morning of the exam, get your child to go over his formulae sheets to remind him of key information.

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Once your teenager has completed practise exam papers, go over the areas where they struggle. Get a study guide to help you and your student if you need help with a particular section.

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Exam practice is essential. Make sure your student has access to practice exam papers for the subjects they take. Make sure the exam papers relate to the correct version of the curriculum.

[ more ]

Studying should be active. Your child should be making notes, working through examples, doing practice exam papers and testing herself on the sections she is studying.

[ more ]

Formulae sheets or key concept sheets are useful for quick revision. Get your teenager to stick them on the wall in their room. The more they look at the formulae and key concepts, the more likely...

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Different study methods work for different students. Find out what works for your child so you understand how you can support him or her.

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When you are writing an exam, first write down all the formulae or important facts you are worried about forgetting.

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Study for 30 to 45 minutes at a time and then take a break – otherwise you won’t concentrate as well.

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Do extra questions and worksheets on sections you find difficult.

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