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 …

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 …

New IB Economics Syllabus (2022 onwards)

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The new IB Economics syllabus (starting 2022) promises to be even more rigorous than before. Where the old HL syllabus (2013-2021) had 24 subtopics, it now has 31 subtopics. Hence, a lot more content is taught in schools, albeit squeezed into the same number of teaching hours. For example, in the new syllabus, there seems to be a greater emphasis …

Best Economics Tuition or Tutor in Singapore?

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I do not claim to provide the best economics tuition in Singapore. Neither do I claim to be the best economics tutor. These are compliments that many students have given to me over the years. Some were very demoralised and hated learning economics at first and I managed to transform that to enthusiasm and good grades. Brandon Ho of ACJC …