JC and IB Economics September Holiday 2019 One-Day Crash Course

Having difficulty in Economics? Looking for a quick fix to sort out all the key Economics concepts at one go? At EconsLab, we organize Crash Course to give our students the knowledge, skills and much needed boost of confidence to set them in the right mode for your college Promotional Exams.

Worried about large class size? This is not an issue at EconsLab. Our Crash Course is held in a small class setting of maximum 10 students to allow for ample interaction between our Dean’s List Star Tutor Ms Foo. With a small class, it is easy for students to ask any questions at any point in time without feeling awkward. Students’ struggle in class will not go unnoticed based on their facial expressions which could be detected by Ms Foo quite easily.

Crash Course Details:

Date: 10 Sep (JC1 H2), 11 Sep (JC1 H1), 12 Sep (IB Year 5, JC1 H2)

Time: 9.30am to 2.30pm

Venue: #04-30 North Bridge Centre S(188727), Opposite NLB in Bugis along North Bridge Road

Fees: $279 (Enjoy $20 off when signing up with friends) - enjoy early bird discount and pay only $229 when sign up by 8 Sep

Class Size: Maximum 10 students in a class

Registration and Fees Payment: Please drop Ms Foo a text/Whatsapp/email to register your interest in the course. Do indicate your level i.e. JC1 H1 or H2 or IB when signing up and include details such as your name and contact number. Partial payment of fees ($59) is needed to secure your seat for the course. Full settlement of remaining fees on the course date. Payment can be settled by Paylah!, bank transfer, cheque or cash.

Course Programme Details:

A) 10 Sep (JC1, H2)

Key Concepts on Topics covered:

1) Scarcity as the Central Economic Problem with emphasis on Rational Decision-Making process by economic agents: consumers, producers and government using the Marginalist Approach. Scarcity, choice and opportunity cost with Production Possibility Curve.

2) Price Mechanism and its Applications with emphasis on Price Mechanism, Interaction of Demand and Supply, Price Elasticities of Demand and Supply, Government Intervention via Taxes, Subsidies and Price Controls.

3) Firms and Decisions with emphasis on Firms Objectives, Internal and External Economies and Diseconomies of Scale, Market Structures, Impact of decisions and strategies on consumers, firms and governments including efficiency (allocative, productive, dynamic), equity and consumer welfare, Price Discrimination, Competition vs Collusion.

4) Market Failure with emphasis on Public Goods, Externalities, Merit and Demerit Goods, Market Dominance, Information Failure (Imperfect and Asymmetric Information), Factor Immobility and Government Intervention (various policies to deal with different sources of market failure).

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(B) 11 Sep (JC1, H1)

1) Scarcity as the Central Economic Problem with emphasis on Rational Decision-Making process by economic agents: consumers, producers and government using the Marginalist Approach. Scarcity, choice and opportunity cost with Production Possibility Curve.

2) Price Mechanism and its Applications with emphasis on Price Mechanism, Interaction of Demand and Supply, Price Elasticities of Demand and Supply, Government Intervention via Taxes, Subsidies and Price Controls.

3) Market Failure with emphasis on Public Goods, Externalities, Merit and Demerit Goods and Government Intervention.

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(C) 12 Sep (IB Year 5, JC1 H2)

1) Price Mechanism with emphasis on Price Mechanism, Interaction of Demand and Supply

2) Application of Price Theory with emphasis on Price Elasticities of Demand and Supply, Government Intervention via Taxes, Subsidies and Price Controls.

3) Firms and Decisions with emphasis on Firms Objectives, Internal and External Economies and Diseconomies of Scale, Market Structures, Impact of decisions and strategies on consumers, firms and governments including efficiency (allocative, productive, dynamic), equity and consumer welfare, Price Discrimination, Competition vs Collusion.

4) Market Failure with emphasis on Public Goods, Externalities, Merit and Demerit Goods, Market Dominance, Information Failure (Imperfect and Asymmetric Information), Factor Immobility and Government Intervention.

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Programme Flow:

A) Coverage of key concepts for each chapter as outlined under Course Programme Details above (40% of allocated time).

B) Question analysis, structuring of answers through essays and CSQ practice with Ms Foo’s step-by-step guidance (60% of allocated time).

** Includes light refreshments, 30mins break between (A) and (B), two 15mins break within (B).

EconsLab Sep 2019 Crash Course.jpg