Author archives: Edmund Quek

  • Discuss the policies that the Singapore government should use to achieve a high standard of living. [25] Introduction The standard of living refers to the material and non-material welfare of the people. There are several policies that the Singapore government should use to achieve a high standard of living which i[...]
  • (a)  Explain why the government subsidises education. [10] (b)  Discuss whether a reduction in the subsidy on education is justified. [15] Introduction (a)  The question can be discussed with reference to the concepts of allocative inefficiency and income inequity. Body The government subsidises education to add[...]
  • Discuss whether a shift from reliance on foreign workers to improving labour productivity in Singapore would lead to an increase in international competitiveness. [25] Introduction Labour productivity refers to output per hour of labour. The question on whether a shift from reliance on foreign workers to improving [...]
  • Discuss whether the concepts of elasticity of demand are useful to the government for discouraging the use of private cars. [25] Introduction The elasticity of demand for a good is a measure of the degree of responsiveness of the quantity demanded or the demand to a change in a determinant of demand, ceteris paribu[...]
  • (a)   Explain the relative importance of the factors which affect the price of petrol in Singapore. [10] (b)   Discuss the effects of an increase in the tax on petrol in Singapore on the related markets. [15] Introduction (a)   The relative importance of the factors which affect the price of petrol in Singapore ca[...]
  • Discuss whether fiscal policy is the best policy for decreasing inflation in Singapore. [25] Introduction Inflation is a sustained rise in the general price level. Fiscal policy is a demand-side policy that is used to control government expenditure or taxation to influence aggregate demand. The question on whether [...]
  • Discuss whether fiscal policy is the best policy for decreasing demand-deficient unemployment. [25] Answer Introduction Unemployment is the state of the economy where some people who are willing and able to work are not employed in the production of goods and services. Demand-deficient unemployment, or cyclical un[...]
  • Due to the upcoming tests in some schools, there will be no lessons on 20/03/2018 (Tuesday), 21/03/2018 (Wednesday), 22/03/2018 (Thursday) and 23/03/2018 (Friday). However, on 13/03/2018 (Tuesday), 14/03/2018 (Wednesday) and 15/03/2018 (Thursday), the lessons will be conducted for 4 hours from 3pm to 7 pm. Weekend cla[...]
  • Due to the upcoming CNY, there will be no lessons on 16/02/2018 (Friday), 17/02/2018 (Saturday). The lessons on 18/02/2018 (Sunday) will be conducted as per normal. The makeup lessons will be conducted on 19/02/2018 (Monday) according to the timing on Saturday.   Economics Tuition @ Economics Cafe Princip[...]
  • The JC1 economics tuition classes for 2018 are open for registration now. The classes will commence in the first week of December 2017. For registration or further information, you may email us at edmundquek@economicscafe.com.sg or call us at 8268 8918.   Economics Tuition @ Economics Cafe Principal Econo[...]