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Economics Tuition – Economics Focus E-Learning

At Economics Focus, we adopt a multi-faceted learning approach that enriches the comprehension and application process during the study of A Level Economics. One of these learning methods is E-Learning, in which students who join our Economics tuition will view the learning videos and acquire the JC Economics essay writing and case study questions application skills.

Demand and Supply
2010 marked a trying time for the airline business. The eruption of the Icelandic volcano caused cancellations of 95,000 flights over Europe. One week later, the BP oil well exploded in the Gulf of Mexico, resulting in the worst oil spill in US history.

Using economic analysis, discuss the likely impact of the above events on the airline industry and its related markets. [25]

Market Failures
(a) Using appropriate examples, explain and illustrate the terms ‘externality’ and ‘public good’. [10]

Market Failures
(b) Assess the view that the Singapore government should use taxes rather than any other economic policies when dealing with the market failure associated with negative externalities. [15]

Cost of Production & Market Structure
Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions. [25]

National Income Accounting & Economic Indicators
The ultimate goal of all governments is to improve the general standard of living (SOL) of its population.

(a) Explain how a government can improve the current and future standard of living of its population. [12]

National Income Accounting & Economic Indicators
The ultimate goal of all governments is to improve the general standard of living (SOL) of its population.

(b) Discuss the extent to which a government can assess that its goal to improve the general standard of living of its population has been achieved. [13]

National Income Determination & Economic Growth
Discuss the view that a large increase in national income is often but not always desirable. [15]

Inflation & Unemployment
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However, during the same period, inflation rate remained high at about 5%.

(a) Explain why inflation can remain high despite a slowdown in economic growth in Singapore. [10]

Inflation & Unemployment
Singapore experienced a quarterly growth rate of -0.7% from April to June 2012. However, during the same period, inflation rate remained high at about 5%.

(b) “Inflation is harmful to an economy and hence it should be the priority of the Singapore government to reduce inflation.” Discuss. [15]

Aims of Government & Macroeconomic Policies
Amidst the slow growth in the European Union (EU), the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented ‘austerity measures’ to reduce their budget deficit by raising taxes and cutting back on public spending.

(a) Explain what would limit the effectiveness of the austerity measures in the EU. [10]

Aims of Government & Macroeconomic Policies
Amidst the slow growth in the European Union (EU), the persistently high budget deficit and ballooning public debt have become major concerns for many governments in the EU. As a result, they have implemented ‘austerity measures’ to reduce their budget deficit by raising taxes and cutting back on public spending.

(b) Discuss the extent to which the austerity measures in the EU will have an adverse impact on the Singapore economy. [15]

International Trade, Globalization, Foreign Exchange, Balance of Payment
To what extent is the policy of gradual appreciation of the Singapore Dollar (SGD) always a desirable approach to maintain economic stability in Singapore?