Economics study guides
SG-O-LEVEL Β· GCE O-Level (Singapore) Β· aligned to SEAB.
- Demand and supply for Singapore O-Level Economics (2286): the law of demand and the law of supply, the factors that shift each curve, and the vital distinction between a movement along a curve and a shift of the whole curve
A module overview for Singapore O-Level Economics (SEAB 2286) on demand and supply: the law of demand and why the demand curve slopes down, the law of supply and why the supply curve slopes up, the determinants that shift each curve, and the much-tested distinction between a movement along a curve and a shift of the whole curve.
π 7 min readSEAB-2286 - Firms, production and costs for Singapore O-Level Economics (2286): fixed, variable, total and average costs, revenue and profit, economies and diseconomies of scale, the goals firms pursue, and why firms come in different types and sizes
A module overview for Singapore O-Level Economics (SEAB 2286) on firms, production and costs: how fixed, variable, total and average costs combine with revenue to give profit, why average cost falls then rises with economies and diseconomies of scale, the goals firms pursue beyond profit, and why firms come in different types and sizes.
π 8 min readSEAB-2286 - Government macroeconomic policies for Singapore O-Level Economics (2286): fiscal policy, monetary and exchange rate policy including why the Monetary Authority of Singapore manages the exchange rate, supply-side policies, and how to evaluate policies and resolve conflicts between aims
A module overview for Singapore O-Level Economics (SEAB 2286) on government macroeconomic policies: how fiscal policy uses spending and taxation, how monetary policy works through interest rates and why Singapore manages its exchange rate instead, how supply-side policies raise productive capacity, and how to evaluate policies and the conflicts between macroeconomic aims.
π 7 min readSEAB-2286 - International trade and globalisation for Singapore O-Level Economics (2286): why countries trade and specialise, protectionism and the case for free trade, the balance of trade and how exchange rates affect it, and the causes and effects of globalisation
A module overview for Singapore O-Level Economics (SEAB 2286) on international trade and globalisation: why countries specialise and trade, the gains and risks of trade, protectionism and its methods versus the case for free trade, the balance of trade and how exchange-rate changes affect exports and imports, and the causes and effects of globalisation.
π 8 min readSEAB-2286 - Market failure and government intervention for Singapore O-Level Economics (2286): externalities, merit and demerit goods, public goods, price controls, and the tools governments use to correct market failure
A module overview for Singapore O-Level Economics (SEAB 2286) on market failure and government intervention: why free markets over-produce goods with external costs and under-provide goods with external benefits, merit and demerit goods, public goods and the free-rider problem, the effects of price controls, and the taxes, subsidies, regulation and provision governments use to respond.
π 7 min readSEAB-2286 - Price determination and elasticity for Singapore O-Level Economics (2286): how equilibrium price and quantity are set, price elasticity of demand and of supply, income and cross elasticity, and how firms and governments apply elasticity
A module overview for Singapore O-Level Economics (SEAB 2286) on price determination and elasticity: how equilibrium price and quantity emerge from demand and supply, how shifts change them, the formulas and interpretation of price, income and cross elasticity, the link between elasticity and total revenue, and how firms and governments apply elasticity.
π 7 min readSEAB-2286 - Scarcity, choice and resource allocation for Singapore O-Level Economics (2286): the central economic problem, opportunity cost, the basic economic questions, the production possibility curve, the factors of production, and how market, planned and mixed economies allocate scarce resources
A module overview for Singapore O-Level Economics (SEAB 2286) on scarcity, choice and resource allocation: why scarcity is the central economic problem, how it forces choice and creates opportunity cost, the three basic economic questions, the production possibility curve, the four factors of production, and how market, planned and mixed economies allocate scarce resources.
π 9 min readSEAB-2286 - The macroeconomy and its aims for Singapore O-Level Economics (2286): aggregate demand and the circular flow of income, economic growth and the standard of living, inflation, and unemployment
A module overview for Singapore O-Level Economics (SEAB 2286) on the macroeconomy and its aims: aggregate demand and its components, the circular flow of income with injections and withdrawals, economic growth and the standard of living measured by GDP, the causes and consequences of inflation, and the types, causes and costs of unemployment.
π 7 min readSEAB-2286