Course
(A) Introduction to Microeconomics
(A) Introduction to Microeconomics
- Scarcity  Opportunity Costs  Positive & Normative Costs Understanding Objectives of Economics Agents (Consumers, Producers & Government)  Cost-Benefit Analysis  Recognising Trade-offs, Intended & Unintended Consequences
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(B) Demand & Supply
(B) Demand & Supply
Price Mechanism & Its Application
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(C) Elasticities of Demand & Supply
(C) Elasticities of Demand & Supply
Price elasticity of demand • Income elasticity of demand – Normal and inferior goods • Cross elasticity of demand – Complements and substitutes • Price elasticity of supply
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(H) Introduction to Macroeconomics
(H) Introduction to Macroeconomics
In the first topic we are going to look at for Macroeconomics, we will be looking at the circular flow of income as an interactive model involving households, firms, government and the foreign sector.
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(I) Macroeconomic Aims
(I) Macroeconomic Aims
-Standard of living – Material and non-material well-being – Gross Domestic Product (GDP) and Gross National Income (GNI) – Human Development Index (HDI) • Income distribution – Income inequality – Gini coefficient
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(J) Macroeconomic Issues
(J) Macroeconomic Issues
causes & consequences in relation to a. Economic growth b. Inflation and deflation c. Full employment and unemployment d. Balance of payments deficit and surplus
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(K) Macroeconomic Policies
(K) Macroeconomic Policies
Policy measures and their effectiveness influencing AD/AS • Fiscal policy – Government expenditure and revenue • Monetary policy – Centred on interest rates – Centred on exchange rates (case of Singapore) • Supply-side...
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(S) CSQ Application (H1) for JC2
(S) CSQ Application (H1) for JC2
Case Study Application Lessons for JC2 H1 Students
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(T) CSQ Application (H2) for JC2
(T) CSQ Application (H2) for JC2
All lessons in this module will be related to discussion & attempt of case study questions
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(U) Essay Writing for JC2
(U) Essay Writing for JC2
Essay Writing Courses for JC2 students
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