Economics related passages

[gmatalongthewatchtower]

I have noticed that I am relatively weak in passages related to economics, especially the ones that deal with GDPs, supply-demand , gold-standard, some percentage/number goes up/down, and full logical reasoning analysis based on facts.

Can you please let me know some passages, off the top of your head, so that I can practice them?

Thanks
Voodoo

[bbirdwell]

Hey voodoo,

The topics you listed seem to be the passages that came to my mind. Feel free to ignore my advice, but here's my two cents:

I'm not really of the school that the content of the passage matters. It can be about unicorns or electrons or currency... if I'm reading correctly, it makes no difference. Sure, some passages use words that are less familiar to me, but they're not the kinds of words that are important.

As you become more and more focused on understanding the STRUCTURE of the passage, rather than trying to understand every detail, the overt content become less and less important. Rather than trying to improve at other economics passages, my recommendation would be to improve at the essential process of Reading Comp in general.

Your job is to isolate the two sides of the argument and identify which side the author is on. That's about it. Even if you don't understand what "supply side" or "neoliberal" means, there will be words like "but, however, on the other hand, unfortunately, etc..." that can help you identify whether the author thinks those concepts are "good" or "bad." This is what matters.

That said, picking up a copy of the Economist and practicing your RC skills on the articles might help you become more comfortable seeing those kinds of words on the page...

Good luck!