Government Regulation
How can governments regulate price and output?
Governments play an integral role in the free market economy. It’s purpose lies in the regulation of price and output through implementing laws and regulations in order to prevent market failure, protect the environment and ensure that an economy is sustainable. Examiners like to test students on how well they understand the roles and responsibilities a government has in the economy as well as on their ability to suggest and improve upon current regulations to better handle economic ills.
An Enriching Experience for Economics & GP Student, Shawn Lim
(My experience at Economics Focus and GeneralPaper.com.sg) was a highly enriching experience with a structured approach to take on seemingly diverse subjects.
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The internship programme (with Economics Focus) has been a useful learning experience for me, allowing me to develop essential skills needed for my future studies and work.
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Economics Tuition Case Study Question: Durian frenzy spreads to China
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...
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Mr. Simon has taught me the value of not only reading widely on current issues, but also the importance of considering alternative viewpoints.
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Pop Guide: Art of Essay Writing for Economics
Develop effective essay writing skills Essentials for students to ace the A Level Economics As a Humanities subject, JC students are expected to utilise their reading and writing abilities to process economics-related information and express clear and coherent...
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Economics Tuition: How can Singapore overcome her economic constraints to achieve sustainable economic growth?
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...
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Economics Tuition: Is Singapore’s standard of living really high?
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....
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Economics Tuition: Explain why government tries to maintain price stability to maintain or enhance its level of investments
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...
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Economics Tuition: Explain why inflation exists in the housing market?
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...
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Economics Tuition: Explain how the Monetary Authority of Singapore uses the managed-float exchange rate system to regulate the exchange rate
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...
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