Market Failure Diagrams – Positive & Negative Externality as well as Imperfect Information (Consumer Ignorance)

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Perennial headache! “Cher, why my school’s market failure diagrams are so different ah?” “Mr Hong, why different school teachers teach me different diagrams for the same externality ah? “Cher, my new teacher’s diagrams are different from my school notes!!” “I don’t understand my school’s diagrams!” You get the idea…………. So I decided to produce a video and this blog post …

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A Definitive Guide to Tuition Rates in Singapore

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Usually, the term ‘tuition’ refers to the fees charged by universities. It’s usually the amount you have to pay to study at universities. However, in the context of Singapore, tuition is primarily about classes with tutors outside of your school. This helps students ace their examinations, achieve remarkable grades and widen their academic possibilities in the near future. Tuition classes …

Opportunity Costs : Real World Applications For Our Lives And The Economics Exams

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All economics students learn this early on: Opportunity Cost is the Value of the Next Best Alternative Foregone. (If you could not state this on your own, better check out our post on Economics Definitions.) A very important concept in economics theory and a powerful concept for life. My wife was recently considering purchasing a super-duper powerful cooking machine, an …

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Find Your IB School: Which Are The Best IB Schools in Singapore?

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Image source: Freepik If you’re a student in Singapore, you’re most likely familiar with the academic pathways you’re supposed to take. Either you attend JC A Levels, or choose the polytechnic route to get a diploma certificate.  But times are changing. The education system is now diversifying, granting parents and students better freedom of choice.  One alternative option is called …