Will The Study of A Level Economics Advantage JC Students in General Paper ?

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We believe so and we hooked up with Ace GP Tuition to bring you these perspectives. Bridging Economics with Broader Perspectives As students embark on their A Level journey, many ponder the value of their JC subject choices beyond their immediate academic requirements. Particularly, for those pursuing A Level Economics, there lies a hidden gem of advantage when it comes …

Is the rental occupancy cap relaxation too little and too late? An economic analysis into the housing rental market in Singapore.

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It was very recently announced that larger Housing and Development Board (HDB) flats and private residential properties will be temporarily allowed to house 8 unrelated persons, up from the current cap of 6. It will be effective from 22 Jan 2024 to end 2026. This move by the Government is meant to cool down housing rental prices, which surged by …

Impact of Technology and AI on Markets

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This is for students of IB and JC A Level Economics learning Market Structure / Market Power! How Technology can Affect Markets: It is important to note that technology’s impact on markets can be complex and multi-faceted, and its effects may vary across different industries and regions. Nonetheless, technology has the potential to fundamentally reshape market structures and dynamics, driving …

How Will AI Affect The Economy? Will Unemployment Increase?

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These are questions that have been on my mind and highly relevant to the J2 and IB Y6 classes that I have been conducting. Recently, the Straits Times published a really interesting article: “The Coming Creative Destruction From AI.” Goldman Sachs estimated that 300 million full time jobs could be replaced by AI. Reported by BBC. Mind Boggling. Macroeconomics students …

Can ChatGPT Teach Economics?

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In class, I have always been citing the US as a large economy and Singapore as a small economy (both are developed economies), with population size being a key reason for the difference.  Recently, it struck me that Japan is not that highly populated, yet is the 3rd largest economy in the world. Hmmm…that prompted me to ask Chat GPT …

Real World Economics Applied – Crying Over Spilt Milk? Reining in US$55bn Formula Milk Industry

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An excellent article from the Straits Times recently: How the $73.5 billion infant formula industry milks new parents’ anxieties, and what S’pore is doing about it Some facts gleaned from the article: In Economics, we learn about non-price competition.  There are two key ways: Through Product Innovation (typically via R&D) as well as through Marketing.   Clearly, the formula milk industry …

5 Ways Learning Economics Can Help You Become Financially Savvy

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2 interesting Straits Times articles in the short span of 1 week. According to a survey conducted by the Organisation for Economic Cooperation and Development (OECD), around 25% of adults in the 20 countries surveyed have low levels of financial literacy, which can lead to poor financial decisions and negative financial outcomes. Please, students of economics, realise you are in …

Real World Economics Applied – Bike Sharing Negative Externality and Singapore’s Policies

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A few years ago, it was prevalent. All over Singapore as well as many other cities in the world, bike sharing was the rage. And so were all the bikes strewn on grassland, pedestrian pathways, canals and bus-stops. How awful! One of the negative externality problems with bike sharing services is the issue of “parking clutter”. Since bike sharing services …