Myanmar Matriculation Economics study plan

Myanmar Matriculation Economics · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Basic economic concepts, scarcity and opportunity cost & Demand, supply and market price determination

Define scarcity, choice and opportunity cost, and compute opportunity cost from a production possibility frontier table with at least 90% accuracy
Distinguish positive from normative statements and classify 15 given statements correctly
Draw and label demand and supply curves, and state the four non-price determinants of each
Explain movement along versus shift of a curve using three original examples per case
Solve five equilibrium price and quantity problems algebraically from given demand and supply equations

A one-page handwritten summary sheet of definitions plus six fully worked equilibrium problems with correct answers.

Week 2

Analyse the effect of simultaneous demand and supply shifts on equilibrium price and quantity in four scenarios
Define price, income and cross elasticity of demand and calculate each from given data
Interpret numerical elasticity values and classify goods as normal, inferior, substitute or complementary
Compute price elasticity of supply and explain the role of time period in supply responsiveness
Relate elasticity to total revenue changes and to tax incidence between buyers and sellers

A calculation worksheet of 12 elasticity problems solved with formulas shown, scoring at least 10 of 12 correct.

Week 3

Explain the law of diminishing marginal utility and derive a demand curve from marginal utility schedules
Compute total, average and marginal product from a short-run input table and identify the three stages of production
Distinguish fixed from variable costs and calculate TC, AC, MC and AVC from a cost table
Draw and explain the shape of short-run average cost and marginal cost curves
Explain the difference between short-run and long-run costs and the sources of economies of scale

Two completed numerical tables (production and costs) with all derived values correct and a labelled cost-curve diagram.

Week 4

Compare perfect competition, monopoly, monopolistic competition and oligopoly on number of firms, product type, entry barriers and price-setting power
Determine profit-maximising output using the MR = MC rule in three given numerical cases
Explain price discrimination and evaluate one real-world example of it
Evaluate the welfare effects of monopoly relative to perfect competition in a short written answer
Sketch the long-run equilibrium of a perfectly competitive firm and a monopoly on the same page

A comparison table of the four market structures plus three solved MR = MC output and profit problems.

Week 5

Define GDP, GNP and national income and explain why they differ
Calculate national income using both the expenditure and income approaches from given data and reconcile the two results
Distinguish real from nominal GDP and compute a simple price index and real growth rate
Define the functions of money and describe the structure and functions of the central bank
Explain the money multiplier and calculate the change in money supply from a given reserve ratio and deposit
Describe three instruments of monetary policy and explain how each affects aggregate demand

A worked national income calculation set (both approaches) plus a money multiplier problem, all with correct figures.

Week 6

Explain demand-pull and cost-push inflation and distinguish inflation from unemployment types
Classify taxes as direct or indirect, progressive, proportional or regressive, with original examples
Explain the purposes of government spending and the difference between a budget deficit and public debt
Evaluate expansionary versus contractionary fiscal policy using one scenario each
Explain the conflict between policy objectives such as low inflation and full employment

A one-page policy brief recommending a fiscal and monetary response to a stated inflation scenario, with justification.

Week 7

Explain comparative advantage and determine gains from trade from a two-country two-good table
Distinguish the current account from the capital and financial account and identify which transactions belong where
Explain how demand and supply of a currency determine a floating exchange rate and analyse one depreciation scenario
Describe the main features and structural problems of the Myanmar economy, including agriculture's share and export composition
Outline the rationale for economic planning and evaluate one development indicator comparison between Myanmar and a regional neighbour

A written comparative advantage exercise plus a half-page analysis of a Myanmar balance-of-payments or exchange-rate issue.

Week 8

Review all ten domains using the summary sheets and error log from weeks 1 to 7
Complete two full timed mock papers under exam conditions and mark them honestly
Re-teach the three weakest topics identified from mock results and redo related past-style questions
Memorise key formulas for elasticity, costs, national income and the money multiplier and self-test them without notes

Two marked mock papers with a written error log listing every mistake, its cause and the corrected method.

Week 2: Score at least 8 of 10 on a self-made mixed quiz covering scarcity, opportunity cost, equilibrium and elasticity calculations.

Week 4: Correctly complete a production and cost table and solve an MR = MC profit problem unaided within 20 minutes.

Week 6: Calculate national income by both approaches and explain one monetary and one fiscal policy measure in writing without notes.

Week 8: Achieve at least 60% on both timed mock papers with no domain scoring below 50%, and have a completed error log.