Economics Model Essays

economics tuition, book cover, model essays 2 (front)These economics model essays are not confined to use by students taking economics tuition at Economics Cafe. They have been written for everyone who can benefit from them. As the essays were written with the examination time constraint in mind, they are by no means the best essays that one can leisurely produce. Every essay has room for improvement in the absence of time constraint. However, they are certainly some of the best essays that students can produce within the examination time constraint in the ‘A’ level economics examination, and I emphasise the phrase ‘examination time constraint’. Many economics teachers give very long answers to essay questions that are virtually impossible to produce within the examination time constraint in the ‘A’ level economics examination and I am aware that many students are facing this problem in school. In my view, these answers may do students more harm than good as they may not be able to distinguish the more important points from the less important ones, thus missing out some important points in their answers due to lack of time. This could explain why many of the approximately 12000 students who take economics each year fail to finish their economics examination. The key to doing well in the ’A’ level economics examination is not to produce the best economics essays, which is virtually impossible, but to produce good economics essays within the examination time constraint. For more economics model essays, please refer to JC Economics Model Essays (Economics Cafe) which is available in all Public Libraries, Popular Bookstore and Kinokuniya. JC Economics Model Essays (Economics Cafe) was the best-selling economics essays book in Singapore in 2013 where over 4000 copies were sold.

 

economics model essay 1

Discuss the relative importance of the concepts of demand, supply and elasticity in explaining the sharp rise in the prices of residential properties in Singapore in recent years. [25]

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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
Discuss how an expansion of the trading partners of an economy would affect the markets for different types of goods in the economy. [25]

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economics model essay 4
(a)  Explain why the prices of some goods are more volatile than the prices of other goods. [12]
(b)  Discuss the effects of the use of price controls to achieve price stability on the welfare of consumers. [13]

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economics model essay 5
Discuss the view that the pursuit of self-interest by consumers and firms will lead to an efficient allocation of resources. [25]

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economics model essay 6
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 7

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

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economics model essay 8
(a)   Explain why tobacco is a market failure. [10]
(b)   Discuss whether the Singapore government should impose a ban on smoking to correct the market failure of tobacco. [15]

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economics model essay 9

(a)  Explain why public goods lead to market failure and consider whether public housing is a public good. [8]
(b)  Discuss whether the Singapore government intervenes in the housing market mainly to achieve efficiency. [17]

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economics model essay 10
(a)  Explain why a decline in housing prices in the United States may lead to a fall in national income in Singapore. [10]
(b)  Discuss whether a decrease in national income in Singapore would lead to a fall in the standard of living. [15]

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economics model essay 11

(a)  What are the determinants of consumption expenditure in Singapore? [10]
(b)  Discuss whether an increase in consumption expenditure in Singapore is desirable for the economy. [15]

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economics model essay 12
Discuss whether an increase in savings in Singapore would lead to problems in the economy. [25]

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economics model essay 13
(a)  What are the causes of inflation in Singapore? [10]
(b)  Discuss whether low inflation is a more important macroeconomic objective than low unemployment in Singapore. [15]

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economics model essay 14

Explain which of the four macroeconomic goals of the Singapore government you consider the most important. [25]

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economics model essay 15
Discuss whether a fall in interest rates in Singapore is desirable for the economy. [25]

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economics model essay 16

(a)   Explain the factors that could lead to a rise in the exchange rate of a currency under the flexible exchange rate system. [10]
(b)   Discuss whether a revaluation of the yuan would be beneficial to the Singapore economy. [15]

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economics model essay 17
(a)  Explain how Singapore can sign more free trade agreements to increase economic growth. [12]
(b)  Discuss whether signing more free trade agreements to increase economic growth in Singapore would conflict with the other macroeconomic goals. [13]

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economics model essay 18
(a)  Explain whether a rise in the cost of production in the economy will lead to cost-push inflation. [10]
(b)  “Higher economic growth can be achieved through lower inflation.” Discuss the validity of the statement. [15]

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economics model essay 19
(a)  Explain whether monetary policy is not used in Singapore due to the choice of a managed float exchange rate. [12]
(b)  Discuss whether exchange rate policy is more effective than fiscal policy for increasing economic growth in Singapore. [13]

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economics model essay 20

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

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