Category archives: Latest News

  • 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 [...]
  • Due to the upcoming Chinese New Year which falls on 10 and 11 February 2024, the lessons on the two days will be cancelled. The make-up lessons will be conducted on 13 February 2024Β  lessons at the same timings. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • As everyone has been working very hard over the past year, we all deserve a year-end break. Therefore, there will be no lessons in the last two weeks of December 2023. Lessons will resume in the first week of January 2024. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • Due to year-end festivities, and everyone’s well-deserved break, there will be no lessons this week and next week. Lessons will resume in the first week of 2023. New Class Schedule Friday 5pm-7pm (Starting on 6 January 2023) Saturday 1.45pm-3.45pm (Starting on 7 January 2023) Sunday 1.45pm-3.45pm (Starting on 8 January 2023) Note: The Tuesday Class will be moved to Friday with effect from the first week of 2023. There will be new classes opening up in March. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • The Junior College 1 classes for 2023 will commence in the second week of November. Students can attend the first lesson on Saturday (12/11/2022, 10.45am-12-45pm) or on Sunday (13/11/2022, 10.45am-12.45pm). For more information, please contact us at our email or phone. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • Due to the Preliminary Examinations, there will be no lessons from 13 Sep to 19 Sep. The lessons will be brought forward to the September Break (i.e. next week). In other words, in addition to their regular lesson during the September Break, each student should attend the brought-forward lesson ONLINE on Monday (6 September, 10am-12pm), Tuesday (7 September, 10am-12pm) OR Wednesday (8 September, 10am-12pm). There will also be an extra ONLINE lesson on Market Structure for H2 students on Thursday (9 September, 7.30pm-9.30pm). Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • Due to the upcoming Common Test 1 from 22/03/2021 to 26/03/2021, the lessons from 22/03/2021 to 28/03/2021 will be brought forward to next week (i.e. March Break). In other words, during the March Break, there will an ONLINE lesson on Monday (15 March, 10am-12pm), Tuesday (16 March, 10am-12pm), Wednesday (17 March, 10am-12pm) and Thursday (18 March, 10am-12pm). JC2 students need to attend ONLY ONE of the four brought-forward ONLINE lessons in addition to their regular lesson. There will be no lessons in the week from 22/03/2021 to 28/03/2021 due to Common Test 1. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • Due to the upcoming Chinese New Year which falls on 12/02/2021 (Friday) and 13/02/2021 (Saturday), there will be no lessons on the two days. JC2 students who usually attend the Saturday classes will attend an ONLINE make-up lesson on 09/02/2021 (Tuesday, 5pm-7pm), 10/02/2021 (Wednesday, 5pm-7pm), 14/02/2021 (Sunday, 1.45pm-3.45pm) or 15/02/2021 (Monday, 11.30am-1.30pm). JC1 students who usually attend the Saturday class will attend an online or onsite make-up lesson on 14/02/2021 (Sunday, 10.45am-12.45pm) or 15/02/2021 (Monday, 9.00am-11.00am). Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • The JC2 classes on Tuesday (5pm-7pm) and Wednesday (5pm-7pm) will commence on 12 January 2021 and 13 January 2021 respectively. Students who wish to switch to a weekday class can so do simply by informing Mr Edmund Quek through email. Like the classes on weekends, students who choose to attend a weekday class can do so online or onsite. The login details will be the same as those for weekend classes. It is important to note that Mr Edmund Quek teaches in a cycle which starts on Tuesday and ends on Sunday. Therefore, students who are unable to attend their regular classes and wish to come for a makeup lesson should do so in the same week. To put it somewhat differently, a student should not attend two lessons in the same week as the same content will be taught in all the classes in the same week. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • There will be 4 lessons in December 2020. The first two lessons in the first and second weeks will be on macroeconomics which all students are required to attend. However, the last two lessons in the third and fourth weeks will be on microeconomics revision which ONLY students who joined after the JC1 Promotional Examination are required to attend. In other words, students who joined before the JC1 Promotional Examination are required to attend 2 lessons in December and students who joined after the JC1 Promotional Examination are required to attend 4 lessons. Nonetheless, students who joined before the JC1 Promotional Examination but wish to attend the last two lessons in the third and fourth weeks which will be on microeconomics revision are allowed to do so. This is especially true for students who joined at a time which was near the JC1 Promotional Examination and hence have a relatively weak foundation in microeconomics. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • The classes for junior college one students in 2021 will commence on 14 November 2020. There will be two classes in November and December 2020 which will be conducted from 4.15pm to 6.15pm on Saturday and from 10.45am-12.45pm on Sunday. There will be a class from 5pm to 7pm on Friday in 2021. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek
  • The following is the November class schedule. First Lesson On 07/11/2020, H2 students will attend the lesson at 10.45am-12.45pm or the lesson at 4.15pm-6.15pm. On 08/11/2020, H1 students will attend the lesson at 10.45am-12.45pm. Second Lesson (only for H2 students) H2 students will attend ONLY one of the lessons 14/11/2020, 10.45am12.45pm 17/11/2020, 7.15pm-9.15pm Please continue to read the essays and pick up as many concepts as you can. In the event that you encounter any problems, please do not hesitate to approach me. Note: The login link will be the same. Economics Tuition @ Economics Cafe Principal Economics Tutor: Mr. Edmund Quek