How can governments regulate price and output?
Governments play an integral role in the free market economy. It’s purpose lies in the regulation of price and output through implementing laws and regulations in order to prevent market failure, protect the environment and ensure that an economy is sustainable. Examiners like to test students on how well they understand the roles and responsibilities a government has in the economy as well as on their ability to suggest and improve upon current regulations to better handle economic ills.
I enjoyed the lessons that featured case studies on Economics issues that took place around the world. I learnt how to relate the impacts of these economic issues to Singapore.read more
As a mentor, Simon shares his wealth of knowledge, be it in the humanities or general matters. His guidance has helped to prepare me for what the working world has to offer in the near future.read more
Mr Simon has guided me to become more aware of real life issues that I may encounter in the future, such as job-related challenges and the growing cost of living.read more
In our economics tuition, this jc economics note provides a good understanding on the concept of price discrimination and the three degrees of price discrimination. What is price discrimination? Examine price setting behaviour of firms In technical terms, price...read more
I have benefited a lot from the three-month internship program, which equipped me with pivotal professional knowledge and skills, including how to conduct social media campaigns and SEO.read more
(My experience at Economics Focus and GeneralPaper.com.sg) was a highly enriching experience with a structured approach to take on seemingly diverse subjects.read more
The internship programme (with Economics Focus) has been a useful learning experience for me, allowing me to develop essential skills needed for my future studies and work.read more
In the recent months, the price of durian in Singapore has increased. Generally, the durians are imported from Malaysian farmers. However, there has been a growing trend of Malaysian suppliers exporting durians to China. Hail the king of all fruits Mao Shan Wang (also...read more
Mr. Simon has taught me the value of not only reading widely on current issues, but also the importance of considering alternative viewpoints.read more
Economics Tuition: To what extent is the policy of gradual appreciation of the Singapore Dollar (SGD) always a desirable approach to maintain economic stability in Singapore?
Using macroeconomic policies to achieve economic stability in a small and open economy To what extent is the policy of gradual appreciation of the Singapore Dollar (SGD) always a desirable approach to maintain economic...read more