- 7 years ago
- Due to the CNY, there will be no lessons on 25/01/2020 (Saturday) and 26/01/2020. There will be a make-up lesson. For JC2 Students Students who attend the 10.45am-12.45pm class on Saturday will come at 5pm on Thursday (23/01/2020). Students who attend the 4.15pm-6.15pm class on Saturday will come at 2pm on Friday (24/01/2020). Students who attend the 10.45am-12.45pm class on Sunday will come at 10.45am-12.45pm on Monday (27/01/2020). Note: In the event that you are unable to come for the the make-up lesson stated above, you can come at 5pm on Tuesday (21/01/2020) or at 5pm on Wednesday (22/01/2020). For JC1 Students JC1 students will come for the make-up lesson at 2.30pm-4.30pm on Tuesday (28/01/2020). Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
Author archives: Edmund Quek
- 7 years ago
- The 2020 JC1 classes will commence on 9 November 2019. In the months of November and December, there will be two classes which will be conducted on Saturday and Sunday from 1.45pm to 3.45pm. Students who wish to enrol in a class can call or whatsapp us at 82688928 or email us at edmundquek@economicscafe.com.sg. There will be in break in the last two weeks of December. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
- 7 years ago
- Due to the upcoming preliminary examination, the JC2 lessons between 16 September and 22 September will be brought forward to the September break. The following is the class schedule for the September break (9 September to 15 September). H1 students and NYJC JC1 students should attend the Monday class on 9 September (Monday) from 9.30am to 11.30am. H2 students should follow the schedule below. Monday Class Students who attend the Monday class should come on 9 September (Monday) for a four hour lesson from 3pm to 7pm. Tuesday Class Students who attend the Tuesday class should come on 10 September (Tuesday) for a four hour lesson from 9.30am to 1.30pm. Thursday Class Students who attend the Thursday class should come on 12 September (Thursday) for a four hour lesson from 9.30am to 1.30pm. Friday Class Students who attend the Friday class should come on 13 September (Friday) for a four hour lesson from 3pm to 7pm. Saturday Class (10.45am-12.45pm) Students who attend the Saturday class (10.45am-12.45pm) should come on 11 September (Wednesday) for an extra lesson from 9.15am to 11.15am. They will also have to attend their regular lesson on Saturday (14 September). Saturday Class ([...]
- 7 years ago
- Due to the upcoming Common Test 2, JC1 students who will be tested on Market Failure will come on 19/06/2019 (Wednesday 10am-12pm) and 26/06/2019 (Wednesday 10am-12pm). In those two weeks, they need not come for their regular lessons on weekends. This announcement does not concern students who will be tested on Market Structure (e.g. Firms and Decisions). Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
- 7 years ago
- Junior College 2 For JC 2 students, during the June break, lessons will be conducted as per normal with the exception of the Thursday class (7.30pm-9.30pm) which will be brought forward to the morning (9am-11am). However, in the first week of June, there will be a double lesson on Monday (3 June, 3pm-7pm), Thursday (6 June, 9am-1pm) and Friday (7 June, 3pm-7pm). This is due to the bringing forward of the lessons in the first week of July when most students will be having the mid-year examination. This means that there will be no lessons from 01/07/2019 to 07/07/2019. There will not be any double lesson for weekend classes. However, students who attend the Saturday classes will attend an additional lesson on the first Tuesday of June (4 June), and students who attend the Sunday classes will attend an additional lesson on the second Tuesday of June (11 June). The timings will follow those of the regular timings on Saturday and Sunday respectively. Junior College 1 For JC 1 students, during the June break, lessons will be conducted as per normal. However, in the first week of June, there will be a double lesson on Wednesday (5 June, 3pm-7pm). Students who attend the Satur[...]
- 7 years ago
- As this coming Friday (19/04/2019) is Good Friday, the lesson will be brought forward from 5pm-7pm to 10am-12pm. Students who are unable to come for their regular class should avoid Sunday for the make-up lesson. They can come on Monday (5pm-7pm), Friday (5pm-7pm) and Saturday (1.45pm-3.45pm). Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
- 7 years ago
- The JC2 Friday class (5pm-7pm) will commence on 5 April 2019. Students who are interested in switching to this class may do so by sending an email request. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
- 8 years ago
- From this week onwards, the Wednesday class (7.30pm-9.30pm) will be moved to Thursday (7.30pm-9.30pm). Due to the Lunar New Year, the lesson on Monday this week will be brought forward from 5pm to 1pm. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
- Discuss whether a shift from direct taxes to indirect taxes would improve the current and future standards of living in Singapore. [25] Introduction A direct tax is a tax imposed on income or wealth. An indirect tax is a tax imposed on a good or service. The standard of living refers to the material and non-material welfare of the people. The effect of a shift from direct taxes to indirect taxes in Singapore on the current and future standards of living can be discussed with reference to aggregate demand, aggregate supply, the amount of goods and services available for consumption, the mental health of workers, the size of the multiplier, the size of the population, income equity, negative externalities and the amount of leisure time. Body A shift from direct taxes to indirect taxes in Singapore may lead to a rise in the current standard of living. 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. If the Singapore government decreases personal income tax and corporate income tax, disposable inc[...]
- Discuss whether austerity measures in the European Union would adversely affect the Singapore economy. [25] Introduction Austerity measures refer to the measures used by the government to reduce a budget deficit which include spending cuts and tax increases. The effects of austerity measures in the European Union on the Singapore economy can be discussed in terms of the effects on the balance of payments, national output and hence national income, unemployment and inflation. Body Austerity measures in the European Union may lead to a deterioration in the balance of payments of Singapore. The balance of payments is a record of all the transactions between the residents of the economy and the rest of the world over a period of time and is made up of the current account and the capital and financial account. Austerity measures in the European Union may include an increase in direct taxes such as personal income tax and corporate income tax. If this happens, disposable income will fall which will lead to a decrease in consumption expenditure. Even in the absence of an increase in direct taxes, austerity measures in the European Union will still lead to a fall in disposable income res[...]
- (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 address the problem of allocative inefficiency. Allocative efficiency is achieved when it is impossible to change the allocation of resources in the economy in a way that will increase the welfare of society. This occurs when marginal social benefit (MSB) is equal to marginal social cost (MSC) where MSB is the sum of marginal private benefit (MPB) and marginal external benefit (MEB) and MSC is the sum of marginal private cost (MPC) and marginal external cost (MEC). External costs and benefits, or externalities, are costs and benefits of consumption or production experienced by society other than the producers or the consumers. The private costs of education are the costs of production incurred by firms such as the costs of materials and labour. These costs are passed on to consumers in the form of a positive price. Therefore, from consumers’ perspective, the MP[...]
- 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 labour productivity in Singapore would lead to an increase in international competitiveness can be discussed with reference to the effectiveness of the policy shift, exchange rate policy and trade policy for increasing international competitiveness in terms of the price of exports, the quality of exports and the ability to attract foreign direct investments. Body A shift from reliance on foreign workers to improving labour productivity in Singapore may lead to an increase in aggregate supply resulting in an increase in international competitiveness. Aggregate supply is the total supply of goods and services in the economy over a period of time and is determined by the production capacity and the cost of production in the economy. When labour productivity in Singapore rises, firms will need a smaller amount of labour to produce any given amount of output. Therefore, the [...]