The Economist Articles — Week of 27 Feb 2016

Every week I read through The Economist to pick out articles that may be useful for teaching in the classroom. I’ll be sharing some of my notes and the discussion prompts I’ve come up with in these weekly posts. For students, they can serve as guide-rails for your reading. For teachers, I hope they will be helpful for your teaching.

1. Forests — A world on fire

Externalities: “Smoke settled over Singapore for months…” “For much of last October greenhouse gases released by those fires exceeded the emission of the entire American economy.”

How can I better prepare myself for the A level Economics Essay section?

I have written extensively about this in other sections of the blog, but just 5 quick tips that’ll get you there.
  1. Get exposure to many different types of questions and try to understand what each one requires.
  2. Thinking about how Economics is relevant to the real world. For example, why might some market structures be more suitable for certain industries? (in the sense that the outcomes are desirable to society.) Or for Macro — how does the US raising interest rates affect Singapore? How does the change in price of oil affect global trade and growth?

SUPER evaluation

Do you always fail to acquire the elusive evaluation marks? Many JC students are unable to understand the demands of the markers when it comes to evaluation.  You will always see this vague statement of “able to challenge assumptions” in the mark scheme. What does it even mean? In the later part of my JC2 year, I found a framework for evaluation that works for almost all the essays. But first, let’s look at what evaluation really is.

2013 A level H2 Economics Review: Microeconomics Qn 2

The Urban Redevelopment Authority (URA) announced that prices of private residential properties in Singapore rose by 1.3% in the third quarter of 2011, but the rise in prices has been slowing for eight consecutive quarters. At the same time it reported that the total supply of new private residential properties nearing completion was at a record high.

Discuss the different demand and supply factors and their likely importance in determining the reported changes in the prices of private residential property in Singapore. [25]

The long-winded(well-played) preamble basically feeds us with these two pieces of information:

All you need to know on H2 Microeconomics

You are either an excellent economics student, with a huge passion in economics or a typical student who is just bored with uninteresting lectures and tutorials and needs some help outside of the classroom.

Either way, you have probably stumbled upon a treasure trove.

Over the course of the next couple of weeks, I will be posting resources on this blog that will allow you to discover (or rediscover) Microeconomics in a fun, interesting and engaging manner. Most students start out learning economics under the impression that it is extremely dry, repetitive and boring. Many are daunted by the enormous amounts of content that they have to understand and most fail to apply what they have learnt from the notes to answering essay and case study questions effectively.