Economics Tuition – Video by Economics Focus

This e-learning video developed by JC Economics Tutor Simon Ng of Economics Focus examines the topics of Economic Growth and Inflation. The video focuses on the economic impacts of a slowdown in economic growth, such as the inflationary condition. The question demands students to identify the adverse effects of slower economic growth rate to show how inflation rate is high. By doing so, students can then recognise the importance of keeping inflation rate low.

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

Analysis of The Question

For this question, the requirement of the question is to be able to understand what a slowdown in economic growth means and be able to understand that economy is along the rising cost condition while a moderate aggregate demand exists.



Source of Information

Part of knowledge needed for this question:

  • Define inflation and economic growth

  • Explain what slow economic growth means

  • Explain and diagrammatically illustrating how slow economic growth may be accompanied by an increase in inflation when the economy is at rising cost condition



Economics Tuition: “Inflation is harmful to an economy and hence it should be the priority of the Singapore government to reduce inflation.” Discuss.

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?

Economics Tuition: 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

Economics Tuition: 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

Economics Tuition: Discuss the extent to which the austerity measures in the EU will have an adverse impact on the Singapore economy

Economics Tuition: Discuss the impacts of a volcanic eruption and oil spill on the airline industry and its related markets

Economics Tuition: Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions

Economics Tuition: Discuss the view that a large increase in national income is often but not always desirable

Economics Tuition: Explain how a government can improve the current and future standard of living of its population

Economics Tuition: Explain what would limit the effectiveness of the austerity measures in the EU

Economics Tuition: Explain why inflation can remain high despite a slowdown in economic growth in Singapore

Economics Tuition: Using appropriate examples, explain and illustrate the terms ‘externality’ and ‘public good’