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Market structure summary
Summary on Market Structures suitable for H2 JC Economics tuition in Singapore
Market structure is best defined as the organisational and other characteristics of a market. We focus on t...
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Price elasticity of demand (PED)
Price elasticity of demand measures the responsiveness of demand after a change in price
The formula for calculating the co-efficient of elasticity of demand is:
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a) Explain what would affect the effectiveness of fiscal policy as a measure to reduce a country's unemployment rate. 
There are two main strategies for reducing unemployment
Demand side policies to reduce de...
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How many brands can you recognise?
Globalisation index ranks Singapore second
By Anna Teo
The Business Times
Thursday, Jan 24, 2013
SINGAPORE is second on Ernst & Y...
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Explain what might happen to national income if the Singapore government were to reduce personal and corporate income tax rate? (10m)
A variety of measures of national income and output are used in economics to estim...
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Hi J1 students,
We are giving free downloads for you too! 119 pages of notes, questions and answers regarding the topic Demand and Supply and Elasticity. This should last you for first term of your JC1 life. Excell...
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Introduction to market failure
Market failure occurs whenever markets fail to deliver an efficient allocation of resources and the result is a loss of economic and social welfare.
Market failure ...
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a) Explain the causes of inflation 
Inflation is a sustained increase in the cost of living or the average / general price level leading to a fall in the purchasing power of money.