by Simon Ng | Aug 31, 2017 | Economics Tuition, JC Economics Notes, JC Economics Tuition Notes, Market Structures |
In our economics tuition, this jc economics note provides a good understanding on the concept of price discrimination and the three degrees of price discrimination. What is price discrimination? Examine price setting behaviour of firms In technical terms, price...
by Simon Ng | Jul 18, 2017 | Economics Tuition, Elasticity of Demand and Supply, Microeconomics, Microeconomics CSQs, Theory of Demand and Supply |
In the recent months, the price of durian in Singapore has increased. Generally, the durians are imported from Malaysian farmers. However, there has been a growing trend of Malaysian suppliers exporting durians to China. Hail the king of all fruits Mao Shan Wang (also...
by Simon Ng | Aug 13, 2015 | Central Economic Problem, Economics Tuition, JC Economics Notes, Microeconomics |
Economic growth refers to the growth of production, seen in terms of actual and potential production capacity. Actual economic growth, also known as short term growth, is commonly measured in terms of a percentage change in the real Gross Domestic Product (GDP). The...
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 | 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...
by Simon Ng | Jul 3, 2015 | Economics Tuition, Elasticity of Demand and Supply, JC Economics Essays, Microeconomics, Theory of Demand and Supply |
2010 marked a trying time for the airline business. The eruption of the Icelandic volcano caused cancellations of 95,000 flights over Europe. One week later, the BP oil well exploded in the Gulf of Mexico, resulting in the worst oil spill in US history. Using economic...
