by Simon Ng Aug 10, 2015 AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics
Discuss the view that a large increase in national income is often but not always desirable. [15] Introduction The increase in national income will mean that the economy has attained actual growth and this is very often understood to be beneficial. However, there are...
by Simon Ng Aug 10, 2015 AS-AD Models and National Income Determination, Economics Tuition, JC Economics Essays, Macroeconomics
Explain how changes in investment expenditure results in a larger change in national income. [10] Introduction Investment refers to the part of the aggregate demand or expenditure that is spent on the production of capital equipment or infrastructure that will produce...
by Simon Ng Aug 3, 2015 Aims of Government, Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomic Policies, Macroeconomics, National Income Accounting
The ultimate goal of all governments is to improve the general standard of living of its population. Explain how a government can improve the current and future standard of living of its population. [12] Introduction Standard of living measures the average quality of...
by Simon Ng Aug 3, 2015 Cost of Production, Economics Tuition, JC Economics Essays, Market Structures, Microeconomics
Discuss the relative significance of input cost, consumer incomes and market concentration in influencing firms’ pricing decisions in your country. [25] Introduction Firms in most industries in Singapore face an imperfect market condition and the pricing behaviours...
by Simon Ng Aug 1, 2015 Economic Indicators, Economics Tuition, JC Economics Essays, Macroeconomics, National Income Accounting
Explain the indicators used in assessing the economic health of a country. The economic health of a country refers to the standard of living (SOL) of a country, which includes the material and non-material aspects. For the material aspect of SOL, it determines the...
by Simon Ng Jul 12, 2015 Economics Tuition, JC Economics Essays, Market Failures, Microeconomics
Assess the view that the Singapore government should use taxes rather than any other economic policies when dealing with the market failure associated with negative externalities. [25] Introduction Negative externalities are adverse effects imposed on third parties...