Whither inflation in Singapore? There are many factors affecting inflation in Singapore today, which is expected to remain high in the 1st half of 2023. We can break them down into Cost Push and Demand Pull causes. (If you are clueless what these mean, check out our Notes on Inflation and Deflation) Cost push factors include the high food and …
Market Failure Diagrams – Positive & Negative Externality as well as Imperfect Information (Consumer Ignorance)
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 …
A Definitive Guide to Tuition Rates in Singapore
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 …
Real World Economics Applied – What is the Best Business or Investment in 2023?
Recently, the Singapore Straits Times published a list of the fastest growing companies in 2023. Sadly, my company was not listed… 🙁 But I know why! LOL If you are wondering what is a lucrative business or investment to be involved in, then this list could be a useful resource. Nobody wants to be in a business with falling market …
Opportunity Costs : Real World Applications For Our Lives And The Economics Exams
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 …
