1 / 11

Economics Tuition

The Economicstuition.com.sg provides detailed lessons plans optimizes lesson delivery.

economicstuition
Download Presentation

Economics Tuition

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. economics tuition Resources

  2. Economics Resources Demand, Supply and Elasticity Concepts Market Failure Theory of Costs and Market Structure Theory of Income Determination

  3. Demand, Supply and Elasticity Concepts • 1. Illustrating with examples, explain price elasticity of demand, income elasticity of demand and cross elasticity of demand. • 2. Discuss how an understanding of the three elasticity concepts be useful to the CEO, in making price and output decisions. • 3. Discuss whether housing is a normal or inferior good. • 4. Discuss the factors affecting the demand for laptops.

  4. Market Failure • 1. Explain what are public goods and consider whether public housing is an example of public good. • 2. Explain how smoking may be viewed as a source of market failure, and evaluate the policy measures that the Singapore government currently adopts to correct the market failure caused by smoking. • 3. Assess the policies the Singapore government can adopt to contain the problem of rising greenhouse gas emissions. • 4. Explain how the use of plastic bags may lead to market failure and discuss whether indirect tax is adequate and desirable in solving the market failure.

  5. Theory of Costs and Market Structure • 1. Discuss whether having large companies in the pharmaceutical market could be beneficial to society. • 2. Identify the type of market structure a pharmaceutical company operates in, and distinguish the key features with perfect competition. • 3. Discuss the view that more market power leads to the exploitation of consumers. • 4. Explain the likely market structure that car manufacturers are likely to be operating in.

  6. Theory of Income Determination • 1. What determines the level of consumption in an economy? • 2. Explain the factors that are likely to cause a slowdown in the growth of consumer spending. • 3. Explain the conditions for equilibrium in the circular flow of national income. • 4. Explain the key determinants of household savings.

  7. Join us Today! • Address: 170 Upper Bukit Timah Road #B2-13B, Singapore 588179 • Call / SMS: 82513684 • Website – www. economicstuition.com.sg

More Related