econs revision lect 2
Friday, September 28, 2007 here's what you have to prepare for econs revision lect 2...
Dear C2 H2 Economics Students,
Post-Prelim Economics Revision lecture 2 on 1 Oct 2007 (1-3pm)
Tutors will be going through the following:
1. Trend on Microeconomics Essay Questions
2. Trend on Macroeconomics Essay Questions
3. Go through 2 macroeconomics essay questions (refer to below)
Sudents are to prepare answers to these 2 Questions:
Question 1
Trade between Singapore and New Zealand jumped 35% in the first two months of this year compared with the same period last year after the implementation of a bilateral free trade agreement (FTA).
(a) Explain the economic justification for Singapore in the signing of Free Trade Agreement with other countries. [12]
(b) Discuss the view that the key benefits that Singapore may enjoy as a result of the FTA may be in conflict with some of the governmentî–¸ main macroeconomic goals. [13]
MJC Prelim Question
Question 2(a)
Explain some possible causes of a balance of trade deficit and consider if USA should be concerned over its trade deficit with China. [12]
(b)Discuss whether fiscal policy is the best method to reduce a balance of trade deficit in an economy. [13]