Tuition Curbs? Wrong Answer. Please try again.

GovernorReal World Applications 1 Comment

Allow me to respond to various writings recently published in the Straits Times: “China bars for-profit tutoring in core school subjects“, a letter to the ST Forum, “Should China’s curbs on tuition be looked at here?” and “China cracking down on private tuition: A lesson for Singapore?“. It would be a mistake to blame the tuition industry for mental and emotional health issues that …

Real World Economics - Singapore HK Travel Bubble

Real World Economics Applied: Rational Decision Making – To Hong Kong or not?

GovernorReal World Applications Leave a Comment

Singapore and Hong Kong have reached an agreement on an air-travel bubble slated to start on 26th May 2021. Rational decision making requires marginal cost and benefit analysis as per Singapore Cambridge A Level H2 Economics Syllabus and also H1 Economics Syllabus. That is the most critical aspect and in doing so, with consideration of information required, possible constraints, intended …

Real World Economics : covid vaccination policies

Real World Economics Applied: COVID Vaccination

GovernorReal World Applications Leave a Comment

In Singapore and in many other countries, there is direct provision of COVID-19 vaccines. This means that the Governments have taken it upon themselves to procure and provide these vaccines to the public. In addition, it was also made free to the public ie fully subsidised by the Government. Obviously, these are policies to promote consumption of the vaccines. But …

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Of Mandates, Blank Cheques, and Diversity

GovernorReal World Applications 13 Comments

I usually do not comment on politics. My last post “The Economics of Politics?” was really meant to be more of an Economics post than on politics. But we live in really interesting times…and that has compelled me to provide my few cents worth. (And before you proceed further, are you from Hwa Chong Institution? You are advised to exit …

politics3 min singapore politics

Real World Economics : The Economics of Politics

GovernorReal World Applications 2 Comments

In teaching economics tuition, I always try to make it alive, through real-life examples that students can relate to. I also try my best to inspire them to see how applicable economics concepts can be towards future business decisions and even life decisions. This is part of the reason why I write such articles to the Straits Times and also …

How to Write a Good Economics Essay

GovernorReal World Applications 3 Comments

Many students ask “How to write an economics essay?” This Guide to Writing a Good Economics Essay is applicable to both IB economics as well as the Singapore JC A-Level H2 economics examinations. Many of the pointers here are also applicable to large-mark case study questions. 6 Steps to Writing a Good Economics Essay Step 1: DISSECT the Question Make …

invest in economics tuition

Economics Tuition: Is It Necessary and How To Make The Best Use Of It?

GovernorReal World Applications 2 Comments

Is learning economics easy? Unlike other subjects, which students have been studying and building a foundation over the years, economics is a very new subject for most. There are many new concepts that students have to learn and understand in a short span of 2 years. This is in contrast with other science and humanities subjects. For those subjects, the …

music microphone recording

Economics Songs??? Can Singing Improve your Grades?

GovernorReal World Applications 1 Comment

Yes it can, according to The Economics Tutor, Mr Kelvin Hong, who produces Economics Songs. In his economics tuition classes, students are highly encouraged to revise their economic concepts and the explanations needed to score well in the examinations through the songs that Mr Hong has composed. Currently, he has titles on the Market adjustment process, Price Elasticity of Demand, …