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.
Discuss why governments are concerned to keep up the rate of inflation at a low level. Introduction Inflation is a situation where there is a sustained and inordinate increase in the general price level when there is excess demand without or with an inadequate...read more
Economics Tuition: Consider whether economic growth should be the top priority goal of a government. 
In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (b) Consider whether economic growth should be the top priority goal of a government.  Question Analysis • Explain why...read more
In 2007, the Singapore government increased the Goods and Services Tax rate to 7% and decreased the corporate tax rate to 18%. (a) Explain how the above tax changes can help Singapore achieve higher economic growth.  Introduction • Define taxes •...read more
Economics Tuition: Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. 
The recent financial crisis saw Singapore's exports plunge as the global recession has affected almost all major economies in the world, including the USA. Discuss the effectiveness of fiscal policy in sustaining economic growth and stability in Singapore. ...read more
The following tables, Table 1 and Table 2, illustrate the economic indicators of two countries, USA and Japan. Analyse the economic data carefully before you answer the questions listed below. Questions (a)(i) According to the data, which country has higher standard...read more
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