Questions from various topics by william yeo https://padlet.com/yeochinleong/ozo7l67vqb8espy Economics Workshop en-us 2022-08-11 01:04:51 UTC 2022-11-01 23:52:12 UTC hello@padlet.com http://www.livingspacearchitects.com/wp-content/uploads/2019/02/Wellbeing.jpg Commonly asked question yeochinleong https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365717622 1.Demand and Supply

What is the price mechanism and the pursuit of self interest


How does producer make their decision. (Marginalist principle)


Quota increase producer surplus, draw diagram
 Explain why there is a persistent shortage


3 ways to use PES


Relative elasticities of PED/PES on the burden/benefit of Tax/Subsidies – 4 diagrams


Explain the significance of DD/SS  factor to explain the impact on prices (EVALUATION)


(YED and XED – For H2 only)

]]> 2022-11-01 23:20:13 UTC https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365717622 Discuss the factors that consumer/producer/government needs to consider for .... yeochinleong https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365717995 Start off with the marginalist principle (MPB=MPC or MR=MC pr MSB=MSC - write briefly in a sentence)
Always develop your points use benefit and cost]]> 2022-11-01 23:20:49 UTC https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365717995 Commonly asked questions yeochinleong https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365718346
Price mechanism cannot allocate resources efficiently vs government intervention (Govt failure)


Draw diagram to illustrate Subsidies and over subsidies 


Draw diagram to illustrate tax and overtaxation


Draw diagram to illustrate Public education, moral suasion à bridging gap between perceived and actual benefit.


CSQ: Explain why Public wi fi is not a public good (4-6m)


Market dominance/ Asymmetric information, factor immobility and inequity (H2 only)

]]> 2022-11-01 23:21:26 UTC https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365718346 Commonly asked questions yeochinleong https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365720497
What is FDI and is there a difference in FDI and hot money?


What is the monetary policy of Singapore


What is the difference between GRAMA and Zero appreciation?


What is the monetary policy of other countries?


What is the primary and secondary effect of lowering Interest rates


What are the mechanism to explain how the 2 policies work? (ADDRESSED)
What are some common limitations of policies? (ADDRESSED)
 What is liquidity trap


What is Quantitative easing (Fiscal or monetary policy?)


What are the conflicts of Aims that can results from policies
 What is the generic EV for this type of question?


Choice of more capital good and impact on SR and LR (6m)

]]> 2022-11-01 23:25:02 UTC https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365720497 Commonly asked question 2: yeochinleong https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365720952
What is BOP 


How will FDI affect the BOP in the SR and LR


What is the J curve, do I need to know?
 What is the crowding out and crowding in effect.
 What is favourable Terms of trade. 


How does favourable terms of trade affects BOT
 What is Tinbergen’s rule and how do you use it?

]]> 2022-11-01 23:25:38 UTC https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365720952 Commonly asked questions yeochinleong https://padlet.com/yeochinleong/ozo7l67vqb8espy/wish/2365721475
What is the main economic theory that underpins International trade


What is the difference between globalisation, deglobalisation, slowbalisation, decoupling with US and Coupling with Asean economies?


What is credit and debit? Is it important?


What is the impact of greater FDI in the SR and LR?


Ben of globalisation: more FDIà transfer of technology and knowhow 
 Cost of globalisation: Greater vulnerability to external shock as FDI are footloose, XED>1 (India and China)

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