Theory Economics Essay

The purpose of this guide is to help you with your study and research in the field of Economics by gathering all the resources that you will need (books, journals, databases, websites and a referencing guide) into one place.Please contact your The term Gross Domestic Product is often talked about as if it were “handed down from god on tablets of stone.” But this concept was invented by an economist in the 1920s.

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Example Economic growth refers to an increase in real national output.

The effects of the growth of the Chinese economy on the Singapore economy can be discussed in terms of the effects on the balance of payments, national output and hence national income, unemployment, inflation and income equity.

In the Singapore-Cambridge GCE ‘A’ Level Economics (H2), the essay paper accounts for 60 per cent of the total marks.

Therefore, good essay writing skills are essential for obtaining a good grade in the examination.

The production of low value-added goods such as disk drives requires low-skilled labour.

Due to its larger amount of low-skilled labour, China has a comparative advantage over Singapore in producing low value-added goods.

A list of command words commonly used in the GCE ‘A’ Level Economics paper together with their explanations can be found on Economics Tuition Methodology.

Step 5: Make a note of the relevant economic theories and concepts that come to your mind without paying attention to their degree of relevance.

Step 3: Pay particular attention to key words as they indicate the content areas on which you are required to focus.

Step 4: Pay particular attention to command words as they indicate what you are asked to do.

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