MATSEC AM Economics study guide
MATSEC AM Economics · Work through your exam, one topic at a time.
Advanced Matriculation (AM) Economics is one of the subject syllabi published by the MATSEC Examinations Board at L-Università ta' Malta, the body that administers matriculation-level examinations in Malta. AM is one of four MATSEC levels - SEC, SEAC, IM and AM - and it sits at the top of that ladder. It suits students at a sixth form or college who need a rigorous, analytical economics qualification before university, or who are strengthening a portfolio for competitive courses. Assessment is by written examination at the end of the course. The MATSEC AM Economics study guide has 4 sections and about 1,499 words.
01Basic Economic Concepts and the Market Mechanism
The basic-concepts domain examines whether you can use scarcity, choice and opportunity cost to explain real decisions, and whether you can apply demand, supply, elasticity and price controls to market outcomes. MATSEC questions often ask you to distinguish a shift from a movement along a curve and to interpret diagrams in words.
353 words, about 2 min02Microeconomics: Consumer and Producer Theory, Market Structures
This domain tests consumer choice, cost and revenue, and how market structure changes price, output and efficiency. You must explain marginal reasoning, draw cost curves accurately and compare perfect competition, monopoly, monopolistic competition and oligopoly.
350 words, about 2 min03Macroeconomics: National Income, Inflation, Unemployment and Policy
Macro asks you to measure national income, explain inflation and unemployment, and evaluate fiscal and monetary policy in an open, euro-area economy. You must distinguish real from nominal values and link policy to AD, AS and the labour market.
424 words, about 2 min04International Economics and the Maltese Economy
International economics examines trade, protection, exchange rates and the balance of payments; the Maltese part asks you to apply these ideas to a small, open, euro-area island economy. Expect questions on comparative advantage, the current account, tourism and import dependence.
372 words, about 2 min