- 3 months ago
- Introduction A free trade agreement (FTA) is an agreement between two or more economies to remove or reduce barriers to trade with the objective of increasing the cross-border movement of goods and services between the economies. Exports are the expenditure made by foreigners on domestic goods and services. Imports are the expenditure made by domestic residents on foreign goods and services. Aggregate demand is the total demand for the goods and services produced in the economy over a period of time and is comprised of consumption expenditure, investment expenditure, government expenditure on goods and services and net exports. Many students think that signing more free trade agreements will not increase aggregate demand if it leads to a greater increase in imports than exports. This economic misconception will be discussed in economics tuition. Exposition Take Singapore for example. When tariffs on Singapore’s goods are removed or reduced in the FTA member countries, firms that import and sell Singapore’s goods in the FTA member countries will decrease prices to maintain competitiveness. Therefore, signing FTAs in Singapore will make Singapore’s goods cheaper in the FTA memb[...]
Economics Tuition Singapore
Registered with the Ministry of Education (MOE) in Singapore, Economics Cafe is a leading economics tuition centre in Singapore which specialises in the provision of Singapore-Cambridge GCE ‘A’ Level Economics tuition. Economics Cafe provides both H2 economics tuition and H1 economics tuition. It also provides both online economics tuition and physical classroom economics tuition in Bishan (Central). Due to its excellent track record, it is widely regarded as one of the best economics tuition centres in Singapore which was founded by the highly sought after economics tutor, Mr. Edmund Quek, who has produced several economics publications which are recommended readings in many colleges around the world including those in Singapore, neighbouring countries such as Malaysia and faraway countries such as Mauritius. Since its inception, Economics Cafe has produced one of the highest numbers of students in Singapore who have achieved a distinction in the Singapore-Cambridge GCE 'A' Level Economics examination, an achievement which only a handful of JC economics tuition centres are able to match.Mission Statement
Our mission is to provide top quality economics tuition with our top quality economics tutor to students,
cultivate their interest and help them achieve excellence in the subject,
regardless of their financial status.
The Economics Tutor
The Principal Economics Tutor is Mr. Edmund Quek who is a highly experienced and well sought after economics tutor in Singapore. Mr. Edmund Quek holds a Master’s Degree (MSSc) in Economics from the National University of Singapore (NUS) where he graduated as one of the top students in the cohort with a CAP of close to 4.5. He obtained a distinction in virtually all the modules which include Microeconomic Theory, Macroeconomic Theory, Mathematical Economics, Growth Theory, Corporate Finance and Industrial Organisation. He also obtained a distinction in Advanced Macroeconomic Theory (EC6102) and Advanced Microeconomic Theory (EC6101) at the Doctor of Philosophy (PhD) level. Mr. Edmund Quek has received the Certificate for Teachers Training, the Certificate for Lesson Management with Maximum Impact and the Certificate for Successful Mentoring for Teachers. These achievements make him the most highly qualified economics tutor in Singapore. However, it is not these achievements that make him a good economics tutor, but his strong and unwavering passion for imparting knowledge to students, and his ability to break down complex economic theories and concepts into easily comprehensible common-sense ideas. One may read the plethora of testimonials from his former students to learn more about these attributes. Over the last two decades, Mr. Edmund Quek has taught over 3000 students, including the current batch of students. Nearly every year, he helps over 75 per cent of the students in his economics tuition classes obtain a distinction in the Singapore-Cambridge GCE ‘A’ Level Economics examination, with most of the remaining students scoring a B. Under his tutelage, many students saw their grades improve from a U to an A. In some years, the distinction rate hit as high as 90 per cent. Mr. Edmund Quek is a member of the Economic Society of Singapore.
Why Should You Take Economics Tuition At Economics Cafe?
Economics Cafe has helped thousands of students achieve a distinction in the Singapore-Cambridge GCE ‘A’ Economics examination. Under the guidance of the Principal Economics Tutor, Mr. Edmund Quek, many of the students at Economics Cafe have gone on to pursue studies at some of the most prestigious universities in the world. Economics Cafe is the ONLY economics tuition centre in Singapore that has published best-selling economics books which are recommended readings in many junior colleges and economics tuition centres. These economics books include Economics – A Singapore Perspective and JC Economics Model Essays which are available in all the major bookstores in Singapore. Economics Cafe provides both online econs tuition and physical classroom econs tuition in Bishan (Central). Many students are unable to apply the economic concepts that they think they understand, which is a problem that many parents describe to us when they call to make enquiry about our Principal Economics Tutor and econs tuition classes. The true reason why many students are unable to apply economic concepts is that they have not achieved a sufficient level of understanding of the concepts. Understanding is not a question of absence or presence. Rather, it is a question of level. A superficial understanding of economic concepts, such as the ways in which they are explained in lecture notes, is insufficient to enable students to apply the concepts. Through breaking down seemingly complex economic issues and events and economics examination questions into their component parts in his econs tuition classes, Mr. Edmund Quek enhances the students’ understanding of economic concepts which will enable them to apply the concepts in the examination. To put it somewhat differently, using economic issues and events and economics examination questions as teaching tools, Mr. Edmund Quek teaches both theories and applications simultaneously in his econs tuition classes.Economics Tutor Testimonials
Students who wish to take econs tuition from Mr. Edmund Quek at Economics Cafe should read the testimonials from his former students to learn more about the strengths of his teaching which will provide them an idea of what to expect when they join his econs tuition class.Although I had attended only a few lessons of econs tuition with Mr. Edmund Quek before the preliminary economics examination, my percentile improved from 30 to 96. Frankly, it took me some time to believe the dramatic improvement in my grade for the subject which could be attributed to Mr. Edmund Quek's ingenuity in imparting the knowledge of economics and the analytical skills to us. Mr. Edmund Quek is truly a godsend and I am grateful that I found such a great econs tutor who was able to thoroughly address every single doubt that I had and help me structure my thoughts in a way that would not have been possible without. I will always remember the short but fulfilling time that I had with Mr. Edmund Quek. I have come to love economics so much and have become very interested in the subject recently. I am very grateful to Mr. Edmund Quek. I hope that he will continue to inspire future batches of students in his econs tuition classes in Singapore the way he awed me and the other students in my batch.
Georgina Kwek, Victoria Junior College
Wealth Management
Apart from excelling in the Singapore-Cambridge GCE ‘A’ Level Economics examination, Mr. Edmund Quek also teaches students in his econs tuition classes how to apply the economic concepts which they have learnt to increase their future wealth. Good wealth management is essential for increasing the standards of living of future generations. In the 2008-2009 Global Financial Crisis caused by the Subprime Mortgage Crisis which occurred in the United States, through the use of fundamental economic concepts such as the business cycle, fiscal policy, monetary policy, international trade and the exchange rate, coupled with general knowledge about the world economy, he more than doubled his wealth in a short span of a year and a half. This is a feat which not many fund managers have been able to achieve.Mr. Edmund Quek believes that it is important for an econs tutor to expose students to the bewildering array of financial investments that exist today, both high-risk and low-risk, such as stocks, bonds and foreign exchange, and then cultivate the right values in them. With the widespread of internet, keeping these young people ignorant of risky financial investments is no longer wise and feasible. Instead, they should be given proper guidance on financial investment to enable them to develop the right mindset. This will not only allow them to avoid massive financial losses to unfavourable economic conditions in the future, it will also enable them to create wealth with wealth. With greater wealth, they will be able to make greater contributions to society such as helping the needy financially. Students who take econs tuition in Singapore at Economics Cafe will be taught the right values and mindset towards financial investment.
- 8 months ago
- Economics Cafe was involved in a lawsuit from 2019 to 2022 and the estimated legal cost was over $200 000. As the lawsuit was initiated in 2019, Economics Cafe declared the estimated legal cost as an expense in the same year. However, the correct accounting practice, which we were not aware of at the same, is to declare the legal cost as an expense in the year in which the payment for the lawsuit is made rather than the year in which the lawsuit was initiated. Therefore, as the payment for the lawsuit was made over a period of four years from 2019 to 2022, we over-declared our expenses in 2019 but under-declared our expenses in 2020, 2021 and 2022. As a result, Mr. Edmund Quek underpaid tax in 2019 ($24256.93) but overpaid tax in 2020 ($19757.59), 2021 ($6648.37) and 2022 ($1947.0135). In addition to 2019, there was a marginal amount of tax underpaid in 2018 ($3912.24) related to the lawsuit initiated in 2019. The combined effect of the underpayment of tax in 2018 and 2019 and the overpayment of tax in 2020, 2021 and 2022 is an OVERPAYMENT of tax of $183.8035 over the period of five years. Workings: Tax Overpaid = $19757.59 (2020) + $6648.37 (2021) + $1947.0135 (2022) - $3912.24 (2[...]