Overall Rating: 3.0 (of 5)
This exercise is relatively simple to comp[rehend but can really help with three aspects of your playing:
i)Fretting hand strength
Economy picking is a technique wherein you minimise the ammount of direction changes in your picking. I imagine there are many lessons based solely around this concept within wholenote, if you wish for more in depth coverage just drop me a line. To put it in it's simplest form when you are switching to a higher string you should be using a continuous downward movement from the previous string and visa versa for moving to lower strings.
As for hand position. Play with your thumb behind the neck and use all four fingers, do not neglect the pinky. For the wider stretches within the piece I recommend using your Index,Middle,and pinlky fingers as this gives the most efficient hand position for shifting.
As ever, start slow. This exercise makes a great warm up for both hands and should be treated as such. Build speed gradually and you'll reap the rewards.