Economics Model Essays

JC Economics Model EssaysEconomics Cafe provides economics model essays which are not confined to use by students taking economics tuition at the learning centre. They have been written by the Principal Economics Tutor, Mr. Edmund Quek, for everyone who can benefit from them. As the essays were written with the examination time constraint in mind, every essay has room for improvement in the absence of time constraint. However, they are certainly among the best essays that students can produce within the examination time constraint in the Singapore-Cambridge GCE ‘A’ Level Economics examination. Many economics teachers give very long answers to essay questions that are virtually impossible to produce within the examination time constraint. In my view, these answers may do students more harm than good as students may not be able to distinguish the more important economic theories and concepts from the less important details, thus missing out some important points in their answers due to lack of time. The key to achieving a good grade for the Singapore-Cambridge GCE ‘A’ Level Economics is not producing the best economics essays leisurely in the examination, but producing good economics essays within the examination time constraint. For more economics model essays, you can refer to JC Economics Model Essays (Economics Cafe) which is available in all Public Libraries and Popular Bookstore. JC Economics Model Essays (Economics Cafe), which was written by Mr. Edmund Quek, has been a best-selling economics essays book with the highest sales volume in Singapore since 2012 where over 16000 copies have been sold. It is a recommended reading in many junior colleges in Singapore.  Economics Cafe also provides economics lecture notes written by Mr. Edmund Quek.


Economics Model Essay 1

(a)   Distinguish between the concepts of price elasticity of demand, income elasticity of demand and cross elasticity of demand. [10]

(b)   Discuss the usefulness of the concepts of elasticity of demand to a firm that produces a fashionable product. [15]

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Economics Model Essay 2

After reaching a rate of 8.3 percent in 2010, GDP growth in Asia is projected to average nearly 7 percent in both 2011 and 2012, according to the IMF. However, due to the growing unrest in the Middle East sparked by the Egyptian Revolution that began on 25 January 2011, oil prices have started to rise. Discuss how the market for private cars and its related markets in Asia may be affected by the above events. [25]

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Economics Model Essay 3

Findings from a variety of studies show that routine consumption of artificial sweeteners such as aspartame, saccharin and sucralose may lead to higher likelihood of heart disease, stroke, diabetes and high blood pressure. Some countries such as the United States and France have imposed a tax on non-diet soft drinks to fight obesity. A rise in the price of sugar has led to an increase in the demand for artificial sweeteners and this has pushed up the prices.

Discuss how the above events would affect consumer expenditure on diet soft drinks and non-diet soft drinks. [25]

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Economics Model Essay 4

The production of petrol should be left to market forces. In spite of this, some governments subsidise petrol while others impose a tax on it. Discuss. [25]

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Economics Model Essay 5

Discuss the economic effects of a redirection of government subsidy from petrol to education. [25]

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Economics Model Essay 6

Discuss whether an increase in savings in Singapore would lead to problems in the economy. [25]

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Economics Model Essay 7

Discuss the view that Singapore has few policies to deal with an external shock. [25]

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Economics Model Essay 8

“A fall in the terms of trade is undesirable for the economy.” Discuss the statement. [25]

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Economics Model Essay 9

Discuss whether globalisation would benefit firms and households. [25]

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Economics Model Essay 10

Discuss whether increasing labour productivity in Singapore would be desirable for the economy. [25]

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Answers To Singapore-Cambridge GCE ‘A’ Level Economics Examination Questions

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Singapore-Cambridge GCE ‘A’ Level Economic Essay Mark Scheme

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