Directions for Success in This Course

MyEducator MBA Prep courses are designed to help current and prospective MBA students gain the prerequisite knowledge and course credit to become competitive applicants for and students in MBA programs. By working through the material in MBA Prep: Economics, you will learn the essential principles of economics that will help you become successful in business school and in the business world. Follow the guidelines below to make the best use of the learning materials in this course.

Master Each Chapter

MBA Prep: Economics is divided into 10 different chapters. For each one, you will study the chapter to learn the material, complete Quick Check questions to check your understanding, and take a Knowledge Check to evaluate what you have learned.

1. Study the Chapter

Study the chapter thoroughly by reading the text, watching the videos, or both. After logging in to MyEducator, click on the Contents drop-down menu in the top left of the screen. Once you select a chapter to study, you can navigate among the different sections in the chapter using the table of contents on the left side of the screen.

If you want to read a section, just scroll down the screen. It might be a good idea to quickly scan the written material to get an idea of what is being covered, then go back and read more in depth.

If you want to watch or listen to the video lectures, just click on the Play arrow in the video box. If you feel that the video is too fast or too slow, you can change the speed by clicking on the settings icon in the video box, then selecting your desired speed.

2. Complete the Quick Checks

Quick Checks located at the end of each section in a chapter contain practice questions that reinforce the key points in that section. You can access these practice questions in two ways. First, the Quick Check for each section is located at the bottom of the page for that section. Second, the Quick Checks can be found by clicking the Course menu in the top right corner of the screen, then selecting Assessments. This page contains a list of all the assessments in the course.

3. Complete the Knowledge Check

After you have studied the material and completed the Quick Check, you are ready to take the chapter Knowledge Check. These assessments are open note, so it makes sense to take good notes as you study each chapter in MyEducator.

The Knowledge Checks are located in the last section of each chapter. You can also click on the Course drop-down menu in the top right corner of the screen, select Assessments, and click on the appropriate Knowledge Check link in the list to launch the assessment. After you have worked through the assessment, verify that you have indicated a response to each question and that you have not accidentally changed any of your responses. Click the Submit Assessment button at the bottom of the screen to submit the assessment.

You will then be shown your results, along with the correct answers to the questions you missed. Use these results to help you determine which parts of the chapter you need to review.

Best Practices

In summary, follow these best practices to master the material in each chapter:

  • Read through or watch the material in the chapter.

  • Complete the Quick Check in each section.

  • Complete the chapter Knowledge Check at the end of the chapter.

  • Use your results on the Knowledge Check to determine which concepts in the chapter you need to review, and then review those concepts.

Prepare for the Post-Tests

The Quick Checks are intended to help you evaluate your understanding of the material in each chapter, whereas the Post-Tests allow you to demonstrate that understanding. This course contains two Post-Tests, one after Chapters 5 that covers Chapters 1–5 and one after Chapter 9 that covers Chapters 6–9. Do NOT take a Post-Test until you have sufficiently prepared yourself by studying ALL of the chapters covered.

Each Post-Test contains 50 questions. There is no time limit for the Post-Tests and they are open note.