The Joint Admissions and Matriculation Board (JAMB) is responsible for conducting the national university admissions exam in Nigeria. For students aspiring to study economics in university, the JAMB Economics exam is of utmost importance. This exam covers a wide range of topics including microeconomics, macroeconomics, international trade, and economic development. To excel in this exam, a strong grasp of these subjects is essential. One effective method of preparation is practicing with past questions, which can offer insights into question types and reveal areas needing improvement.
Why Practicing Past Questions Matters:
Practicing with past questions is a valuable strategy for success in the JAMB Economics exam. Past questions provide a glimpse of the question formats and help identify areas of weakness. However, it’s important to focus on understanding the underlying concepts rather than memorizing answers. This approach enhances your performance on the exam, even if the exact questions don’t reappear.
Sample Past Questions and Answers:
Here are some sample JAMB Economics past questions along with their answers to illustrate the type of content you may encounter:
- If the price of a good increases from N5 to N8 and the quantity demanded decreases from 200 to 190 units, the demand curve over this price range is: Answer: B. fairly elastic
- A statement is considered normalized in economics if it: Answer: A. can be tested scientifically
- Utility refers to the satisfaction derived from: Answer: C. consumption
- An increase in demand without a corresponding supply increase leads to: Answer: B. rise in price
- An improvement in technology will enable the country to produce at point: Answer: B. W
- If the country is producing at point Y, it can increase production of producer goods by moving to point: Answer: C. X
- To maximize his utility, an individual with an income of N12 should consume: Answer: B. 6y and 4x
- When two variables are positively related, the graph of the relationship: Answer: C. is an upward-sloping curve
- For an inferior good, a decrease in real income leads to: Answer: A. an outward shift of the demand curve
- In a planned economy, the emphasis is on: Answer: B. public ownership and control
Practical FAQs:
- How many past questions should I practice? Your practice quantity depends on your preparation level. Begin with a few and gradually increase as the exam date approaches.
- Where can I find recent past questions? The JAMB website and Myschool website offer the most recent past questions.
- How do I interpret past question answers? The answers usually come with detailed explanations to aid your understanding of the concepts.
Conclusion:
Preparing for the JAMB Economics exam requires a solid foundation in various economic topics. Practicing with past questions is a proven technique to enhance your readiness. Remember, understanding the concepts is key. By using this comprehensive guide, you can confidently approach the JAMB Economics exam and work towards achieving your academic goals.