jc economics tuition

The key strategy for firms to protect their profits in the short run and long run in the real world is through lowering prices to keep potential rivals from entering the industry. Comment.      

INTRODUCTION Lowering prices can be a type of barriers to entry. Barriers to entry are obstacles that prevent new rival firms from entering the industry and eroding the incumbent firm’s profits. They may be either natural or created. They form the basis of monopoly power. The barriers can be classified as economic and institutional barriers. …

The key strategy for firms to protect their profits in the short run and long run in the real world is through lowering prices to keep potential rivals from entering the industry. Comment.       Read More »

Do you agree that the Singapore government focus should always be to correct a balance of payments deficit?                                                        

Intro: Most governments aim to achieve the various macroeconomic objectives of low inflation, low unemployment, healthy balance of payments and sustained growth. As it is difficult to achieve all these objectives simultaneously, government may need to prioritise the objectives. In the case of the Singapore government, there is a need to focus on achieving a …

Do you agree that the Singapore government focus should always be to correct a balance of payments deficit?                                                         Read More »

Discuss whether the imposition of a $100 mandatory fee per day is the best solution to alleviate the social impact of casino gambling in Singapore.

Thesis : the imposition of a $100 mandatory fee per day is the best solution to alleviate the social impact of casino gambling in Singapore Evaluation: Anti-Thesis : the imposition of a $100 mandatory fee per day may not be the best solution to alleviate the social impact of casino gambling in Singapore. Evaluation : …

Discuss whether the imposition of a $100 mandatory fee per day is the best solution to alleviate the social impact of casino gambling in Singapore. Read More »

Assess the extent to which an improvement in the living standards of an economy requires that managing inflation be the top economic priority.

Introduction Body Thesis: Managing inflation should be the top economic priority to achieve better living standards [One can choose to either explain the problem of inflation OR explain how managing inflation will improve living standards] [One can choose to either explain that due to trade-offs, conflicts in macroeconomic objectives, managing inflation alone will not improve …

Assess the extent to which an improvement in the living standards of an economy requires that managing inflation be the top economic priority. Read More »

Discuss whether the imposition of trade barriers by an economy is the most effective measure in helping domestic industries overcome external competition.    

Intro The imposition of trade barriers such as tariffs and quotas on foreign goods and services serves to protect domestic industries from external competition brought about by free trade. However, trade barriers might not be the most effective measure as they do not address the cause of the loss of a country’s competitiveness. Hence, a …

Discuss whether the imposition of trade barriers by an economy is the most effective measure in helping domestic industries overcome external competition.     Read More »

Discuss which policies the Singapore government can adopt to reduce inflation.

Introduction: Low inflation is one of the 4 macroeconomic aims of the government and given the impact of inflation on the economy, there is a need to consider which policy can be adopted to reduce inflation. The criteria needed to know which policy should be adopted will be based on i) effectiveness in alleviating the …

Discuss which policies the Singapore government can adopt to reduce inflation. Read More »

Discuss if a price discriminating monopolist would be preferred over a firm in a perfectly competitive market.

INTRODUCTION: 1. Define Price discrimination. Comparison of price discriminating monopolist and a perfectly competitive firm is made on the basis of efficiency, innovation and equity II. DEVELOPMENT Presence of economies of scale:  In a price discriminating monopoly EOS  leads to lower unit cost of production. Lower AC and lower MC.  Provision of goods: Price discrimination …

Discuss if a price discriminating monopolist would be preferred over a firm in a perfectly competitive market. Read More »

Explain the costs of free trade.

Intro Free trade occurs when governments do not discriminate against imports or interfere with exports by applying tariffs or quotas to imports or subsidies to exports. There are several costs when countries engage in free trade. These include a fall in economic growth and worsening of the Balance of Payments (BOP) due to increased vulnerability to external shocks, structural unemployment …

Explain the costs of free trade. Read More »