Author archives: Edmund Quek

  • The JC1 economics tuition classes will commence on 05/12/2018 (Wednesday). For reservation, you may contact us on 82688918.   Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • As your promotional or preliminary examination is approaching, you are likely to be stepping up your effort in the preparation for the examination. In the process, you may have increasingly more doubts which you need to clear with Mr. Edmund Quek. Due to his large number of economics tuition students, you may want to b[...]
  • (a)  Explain the causes of inflation. [10] (b)  Discuss the adverse effects of a rise in inflation in Singapore on the domestic sector and the external sector. [15] Introduction (a)  Inflation is a sustained rise in the general price level. Inflation can be classified into demand-pull inflation and cost-push infla[...]
  • As most students will be having their Common Test 2 (CT2) from 25/06/2018 to 29/06/2018, there will no lessons in the same week. The make-up lessons were conducted in the June holidays. Economics tuition classes for both JC1 and JC2 students will resume on 02/07/2018.   Economics Tuition @ Economics Cafe [...]
  • 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[...]