Economics Tuition

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JC ECONOMICS Tuition

• Resources

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Economics Topic Demand, Supply and Elasticities

• Discuss how the Singapore government might use
  the concepts of elasticity of demand and supply
  to promote economic growth in Singapore.
• Explain the concepts of price elasticity of
  demand and income elasticity of demand,
  indicating why elasticities are different for
  different products.
• Discuss how the Singapore government might use
  the concepts of price elasticity of demand and
  income elasticity of demand to achieve its
  economic objectives.

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Tips on Drawing Diagrams in Economics Essays

• 1 ) Always use a ruler.
• 2) Do not draw diagrams which are too small. Use
  at least a quarter of your foolscap paper.
• 3) Label your axes as accurately as possible.

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4) Label your diagram, if necessary (i.e. Figure
1)5) Make explicit reference to the diagrams
you draw. Explain your diagram clearly.6)
Diagrams are not there to fill up the spaces on
your foolscap paper. Draw only when it is
necessary.
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Economics Topic Market Structure

• Explain how firms set their price and output in
  response to the actions of their rival firms.
• Contrast the features of perfect competition with
  those of monopoly.
• Discuss the view that there should be more
  regulation of monopolies in an economy.
• Discuss the view that oligopoly is the most
  common market structure in Singapore.
• Discuss the view that more market power leads to
  the exploitation of consumers.

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Economics Topic Foreign Exchange

1. What might cause an appreciation of Singapores
   exchange rate level?
2. Explain how macroeconomic problems might result
   from a depreciation of Singapores exchange rate.

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Checklist for JC 2 Economics students

• The Central Problem of Economics
• Theory of Demand and Supply
• Production and Cost
• market Structure
• Market Faiure
• National Income
• Internatinal Trade
• Macroeconomics objectives and Policies

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• Bukit Timah Shopping Centre
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• B1-14, Singapore
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• 98610186

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