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Why Do We Study Economics?

Have dreams of becoming a successful entrepreneur? Want to learn more about why the value of the Singapore dollar fluctuates throughout the year? To learn about market competition and the depreciation of currencies, take up Economics as a subject! After Mathematics and General Paper, Economics is probably the most common subject taken by Singaporean students at the GCE ‘A’ Levels. Not only that, it is also one of the more challenging ones. Not only are Economics students are required to extract useful insights from graphical and statistical data, a flair for writing argumentative essays also puts them in good stead. Ultimately, students are required to account for unstated variables in a given case study, and further, situate their analysis within contemporary contexts. Because of this, simple copy-and-paste answers are no good. Students who wish to do well in Economics must produce essay responses that are specifically tailored to answer the question directly. This is why Economics is considered one of the most difficult subjects to score high marks in, and many students choose to seek the help of experienced tutors in order to better understand the difficult, and often abstract, concepts taught by their Economics lecturers. In spite of all that, exposure to the field of economics is no longer only beneficial to those who aspire to the competitive business industry. Fundamental economic skills are essential for any student curious about the internal workings of the global economy, or why governmental bodies have chosen to implement certain fiscal policies. Because they’re well-versed in economic concepts, and can effectively analyse data and evaluate policies, Economics students often have an advantage over their peers when it comes to employability and university course selection. Economics is important for the General Paper (GP) subject too! Because GP requires you to be well aware of what’s happening in the world, this sometimes involves the global economic situation. By studying Economics, terms like ‘currency deprecation’, ‘inflation’ and ‘monopoly’ make more sense. With this knowledge, students can better understand complex economic phenomenon and then, critically evaluate their significance and potential impact on a global scale as part of their GP essays! The Ministry of Education (MOE), recognising how important a subject Economics is, has implemented the subject at an earlier level, the GCE ‘O’ Levels. Students studying Economics at the Secondary level will have a better grasp on the fundamental principles of Economics, and can start their ‘A’ Level journey on a better footing.

The Challenges of Economics

As mentioned earlier, Economics demands much from its students. Not only do students have to fully understand theoretical concepts that are often very abstract and complex, they also have to apply it to the real world. And in order to finish their essay questions within the stipulated time limit, they also need to have very good time management.

And one cannot simply regurgitate (or as we like to say, “copy-paste”) model essays during the examination! That is why one needs a strong foundation in core economic theories in order to apply them on an ad hoc basis, as well as an awareness of both local and global events, like the housing policies currently in effect, or the trend in global oil prices.

Get The Right Help

That’s why many students have found that experienced Economics tutors are the way to go. Because they have more time to spend with you, Epigami tutors can help you understand difficult concepts by applying it to your personal life. For example, a lesson in demand and supply may involve exploring why movie cinemas charge higher prices on Fridays than on Mondays, or how foreign currency policies affect your online shopping. Waste no time, and engage an experienced Economics tutor today!

Find Economics Tutors around Singapore

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    • Sunday:
      10:00am to 4:00pm

    S$ 25-55/hr
    Tutor subjects:
    Economics Add

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    • Monday:
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      10:00am to 10:00pm

    S$ 25-40/hr
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    Economics Add

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    • Monday:
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      8:30am to 9:30pm
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      8:30am to 9:30pm
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      8:30am to 9:30pm

    S$ 28-50/hr
    Tutor subjects:
    Economics Add

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      8:00am to 10:00pm

    S$ 50/hr
    Tutor subjects:
    Economics Add

    Tutor levels:

    • Pri.
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    • Saturday:
      9:00am to 6:30pm
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      9:00am to 6:30pm

    S$ 30-50/hr
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    Economics Add

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    • Monday:
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      7:00pm to 10:00pm
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      8:00am to 5:00pm
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      8:00am to 5:00pm

    S$ 20-40/hr
    Tutor subjects:
    Economics Add

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    • Saturday:
      10:00am to 8:00pm
    • Sunday:
      10:00am to 8:00pm

    S$ 35-45/hr
    Tutor subjects:
    Economics Add

    Tutor levels:

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    • Monday:
      6:30pm to 8:30pm
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      6:30pm to 8:30pm
    • Saturday:
      11:00am to 4:00pm
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      11:00am to 4:00pm

    S$ 20-35/hr
    Tutor subjects:
    Economics Add

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    • Saturday:
      12:00pm to 10:00pm
    • Sunday:
      12:00pm to 10:00pm

    S$ 35-55/hr
    Tutor subjects:
    Economics Add

    Tutor levels:

    • Pri.
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    • JC
    • IB
    • Mus.
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    • KG
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  • AVAILABILITY

    • Monday:
      10:00am to 9:00pm
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      10:00am to 9:00pm
    • Saturday:
      10:00am to 9:00pm
    • Sunday:
      10:00am to 9:00pm

    S$ 35-50/hr
    Tutor subjects:
    Economics Add

    Tutor levels:

    • Pri.
    • Sec.
    • JC
    • IB
    • Mus.
    • Spe.
    • KG
    • Poly.