Economic Essays
Search up Model Essays written by our tutors!
Weekly Essay Releases!
Will be released every Wednesday(J2 topics) /Friday(J1 Topics)!
Weekly Schedule
Demand, Supply and Elasticities
TYS 2023 Q2
Bad weather and falls in consumer incomes can have different impacts on the prices of agricultural products such as vegetables, rice, and grain.
a) Explain the different impacts on the prices of vegetables due to bad weather and falls in consumer incomes. [10]
Monetary Policy
The Monetary Authority of Singapore (MAS) has a unique monetary policy framework that focuses on managing the exchange rate rather than interest rates. This approach has implications for the country's macroeconomic objectives.
(a) Explain why Singapore chooses exchange rates rather than interest rates as its main tool of monetary policy.
Fiscal Policy
TYS 2023 6a)
Explain why expansionary fiscal policy designed to achieve economic growth or lower unemployment may lead to undesirable consequences. [10]
Supply Side Policy
TYS 2023
6b) Discuss whether expansionary supply-side policies would be effective in achieving the macroeconomic policy aims of an economy. [15]
Sustainable Growth
H2 TYS 2023
1 (b) Discuss whether it is possible to increase the total production of goods and services in an economy without resulting in environmental damage or other unintended consequences. [15]
Types of Inflation
VJC 2024 prelims Q5
In early 2022, Sri Lankans started experiencing power cuts and shortages of basics such as fuel. The rate of inflation rose to 50 per cent while unemployment rate remains high. Currently, Sri Lanka owes about $7 billion to China and around $1 billion to India.
a) Explain two possible causes of inflation.
Circular Flow Of Income
a) Using the circular flow of income model, explain how investments lead to a multiplied increase in national income.