by Simon Ng | Feb 13, 2017 | Economic Growth, Economics Tuition, JC Economics Notes, Macroeconomics |
The measures adopted by the government has helped Singapore to achieve sustainable economic growth as it has raised actual production and expanded production capacity through the production possibility curve. The influx of foreign workers, land reclamation and import...
by Simon Ng | Jan 1, 2017 | Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting |
Many economists and statistical reports from prominent research institutions have ranked Singapore as one of the countries with a higher standard of living as our real Gross Domestic Product has been ranked in the top ten of all nations over the years. However,...
by Simon Ng | Jul 25, 2016 | Economics Tuition, Inflation, JC Economics Notes, Macroeconomics |
First, a high level of inflation introduces business uncertainty and hence reduces investors’ incentive to invest. Specifically, hyperinflation disrupts the derivation of cost of production, making it difficult to set price which discourages trading activities and...
by Simon Ng | Jul 16, 2016 | Economics Tuition, Inflation, JC Economics Notes, Macroeconomics |
Given that housing is an asset to home-owners, the rise of the price of assets will cause the individuals to raise the price of their factor services as they peg their factor cost to the price of the housing prices. The price of assets will rise due to the inflow of...
by Simon Ng | Oct 8, 2015 | Economics Tuition, Foreign Exchange, JC Economics Notes, Macroeconomics |
The Monetary Authority of Singapore (MAS) adopts a managed-float exchange rate system, which requires direct government intervention in the foreign exchange market through the direct buying and selling of the Singapore Dollars and foreign currencies. The MAS will set...
