UOL INTRODUCTION TO ECONOMICS exam focused syllabus tuition focuses on the concepts and techniques as well as practices that are more relevant for the exam.
UOL INTRO to econs Group tuition, minimum 10 to start. Each student will only need to pay $50 per hour and each lesson is 2 hours each. Details are as follow (Details will be finalised once 10 students sign up):
Duration: 2 hours
Frequency: Once a week (Saturday or Sunday)
Price: $50 per hour
Location: Dhoby Ghaut
Speculated Start date: End Oct
To join us in our group lesson, simply sign up at
1. http://www.uoltuition.com/sign-up.html or
2. SMS 9758-7925 if you have enquiries.
Get your friends to join together as well, learning is always great when peer is able to help each other in class.
Background
LSE (UOL) Introduction to Economics has a very high failure rate due to complexity of the module. Many faced problems trying to grasp the concept of the graphs and calculations. As such, we used my own teaching materials for Introduction to Economics module for UOL students. The notes, along with the guided help from our tuition have helped many passed with flying colours.
We have 11 years of teaching experience and we provide extra exercises, detailed explanations and tutorials.
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Do SMS us at 9758-7925 or email enquiry@starcresto.com for tuition.
Tutor's Trainer's Profile:
> Name -- Valerie Chai Hui Yee
> O Level -- 8 Distinctions for O'Level
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar
> Degree -- Nanyang Business School: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar
> Post Graduate -- Certified Financial Analyst: CFA L1
> Experience -- 11 years of tutoring, Corporate Trainer
> Status -- Full time tutor
Other UOL Modules that are taught by Us:
1. Introduction to Economics
2. Principles of Banking & Finance
3. Corporate Finance
4. Financial Management
5. Principles of Accounts
6. Statistics 1
7. Statistics 2
8. Maths 1
9. Maths 2
10. Elements of Econometrics
11. Value Security Analysis
12. Investment Management
13. Audit
14. Macroeconomics
For more information, you can visit
www.uoltuition.com
Having problems with understanding Hicksian or Slutsky, budget surplus or deficit etc? SMS Val @ 9758-7925 or email enquiry@starcresto.com for tuition.
Background
LSE (UOL) Introduction to Economics has a very high failure rate due to complexity of the module. Many faced problems trying to grasp the concept of the graphs and calculations. As such, I used my own teaching materials for Introduction to Economics module for UOL students. The notes, along with the guided help from my tuition have helped many passed with flying colours.
I have 11 years of teaching experience and has specialized in UOL economics tuition for the past 4 years. I provide extra exercises, detailed explanations and tutorials for my students.
To sign up for UOL Intro to econs tuition, please visit: http://www.uoltuition.com/sign-up.html
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Do contact me at 9758-7925 or email tutor@tertiarytuition.com for tuition.
Student's Profile:
> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP
Tutor's Profile:
> Name -- Valerie Chai Hui Yee
> O Level -- 8 Distinctions for O'Level
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar
> Degree -- Nanyang Business School: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar
> Post Graduate -- Certified Financial Analyst: CFA L1
> Experience -- 10 years of tutoring, Corporate Trainer
> Status -- Full time tutor
UOL Modules that are taught by Us:
1. Introduction to Economics
2. Principles of Banking & Finance
3. Corporate Finance
4. Financial Management
5. Principles of Accounts
6. Statistics 1
7. Statistics 2
8. Maths 1
9. Maths 2
10. Elements of Econometrics
11. Investment Management
12. Audit
13. Value Security Analysis
14. Macro Economics
For more information, you can visit
www.uoltuition.com
UOL INTRODUCTION TO ECONOMICS exam focused syllabus tuition focuses on the concepts and techniques as well as practices that are more relevant for the exam.
UOL INTRO to econs Group tuition, minimum 10 to start. Each student will only need to pay $50 per hour and each lesson is 2 hours each. Details are as follow (Details will be finalised once 10 students sign up):
Duration: 2 hours
Frequency: Once a week (Saturday or Sunday)
Price: $50 per hour
Location: Dhoby Ghaut
Speculated Start date: End Oct
To join us in our group lesson, simply sign up at
1. http://www.uoltuition.com/sign-up.html or
2. SMS 9758-7925 if you have enquiries.
Get your friends to join together as well, learning is always great when peer is able to help each other in class.
Background
LSE (UOL) Introduction to Economics has a very high failure rate due to complexity of the module. Many faced problems trying to grasp the concept of the graphs and calculations. As such, we used my own teaching materials for Introduction to Economics module for UOL students. The notes, along with the guided help from our tuition have helped many passed with flying colours.
We have 11 years of teaching experience and we provide extra exercises, detailed explanations and tutorials.
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Do SMS us at 9758-7925 or email enquiry@starcresto.com for tuition.
Tutor's Trainer's Profile:
> Name -- Valerie Chai Hui Yee
> O Level -- 8 Distinctions for O'Level
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar
> Degree -- Nanyang Business School: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar
> Post Graduate -- Certified Financial Analyst: CFA L1
> Experience -- 11 years of tutoring, Corporate Trainer
> Status -- Full time tutor
Other UOL Modules that are taught by Us:
1. Introduction to Economics
2. Principles of Banking & Finance
3. Corporate Finance
4. Financial Management
5. Principles of Accounts
6. Statistics 1
7. Statistics 2
8. Maths 1
9. Maths 2
10. Elements of Econometrics
11. Value Security Analysis
12. Investment Management
13. Audit
14. Macroeconomics
For more information, you can visit
www.uoltuition.com
Having problems with understanding Hicksian or Slutsky, budget surplus or deficit etc? SMS Val @ 9758-7925 or email enquiry@starcresto.com for tuition.
Background
LSE (UOL) Introduction to Economics has a very high failure rate due to complexity of the module. Many faced problems trying to grasp the concept of the graphs and calculations. As such, I used my own teaching materials for Introduction to Economics module for UOL students. The notes, along with the guided help from my tuition have helped many passed with flying colours.
I have 11 years of teaching experience and has specialized in UOL economics tuition for the past 4 years. I provide extra exercises, detailed explanations and tutorials for my students.
I offer both one-to-one and group tuition. For group tuition, the optimal number of students per class is between 4 to 6. Please form your own group because this will facilitate my teaching methodology.
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Do contact me at 9758-7925 or email tutor@tertiarytuition.com for tuition.
Student's Profile:
> Tertiary Student --
**Poly / JC (NYP, RP, SP, TP, NP, MDIS, Informatics, SIM, SAS, ACSI)
**University (NTU, NUS, SMU, Imperial College, London School of Economics, University of Durham, Uni SIM, UOL, RMIT, SAS, MDIS, University of Southern Australia, James Cook University, University of Newcastle, London School of Economics, Manchester Business School, University of Nottingham, Melbourne Business School)
**Master (Insead, Singapore Management University, NTU, UCLA, UC Berkeley, Manchester, Uni of Southern Australia, Uni of Buffalo, Uni of Adelaide, NUS, University of State of New York)
> Working Adults -- Managers, Deputy Directors, Managing Directors, Doctors, Divisional Directors, Auditors, Analyst, Credit Advisor, AVP
Tutor's Profile:
> Name -- Valerie Chai Hui Yee
> O Level -- 8 Distinctions for O'Level
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar
> Degree -- Nanyang Business School: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar
> Post Graduate -- Certified Financial Analyst: CFA L1
> Experience -- 10 years of tutoring, Corporate Trainer
> Status -- Full time tutor
UOL Modules that are taught by Us:
1. Introduction to Economics
2. Principles of Banking & Finance
3. Corporate Finance
4. Financial Management
5. Principles of Accounts
6. Statistics 1
7. Statistics 2
8. Maths 1
9. Maths 2
10. Elements of Econometrics
11. Investment Management
12. Audit
13. Value Security Analysis
14. Macro Economics
For more information, you can visit
I am really shock when I saw that the notes and tutorials that they are using for UOL introduction to economics is still the same from the past years. The exam format has changed to MCQ and long question rather than short and long questions. As such, I feel that the notes used in the private schools in Singapore are outdated.
We told our students that what we are going to do will be different from the school and we will be focusing on the exam rather than going through many of the questions from their tutorials that might not be tested any more. They have feedback to us that they love our teaching methods!
As such, we officially crafted a UOL INTRODUCTION TO ECONOMICS exam focused syllabus focusing a lot more on the concepts and techniques as well as practices that are more relevant for the exam.
As our demand rose, we know that we have to move away from our 1 to 1 lesson and advance to group lessons. We decided to launch our group lessons and we will only start with a minimum group of 10. Each student will only need to pay $50 per hour and each lesson is 2 hours each. Details are as follow (Details will be finalised once 10 students sign up):
Duration: 2 hours
Frequency: Once a week (Saturday or Sunday)
Price: $50 per hour
Location: Dhoby Ghaut
To join us in our group lesson, simply sign up at
1. http://www.uoltuition.com/sign-up.html or
2. SMS 9758-7925 if you have enquiries.
Get your friends to join together as well, learning is always great when peer is able to help each other in class.
Background
LSE (UOL) Introduction to Economics has a very high failure rate due to complexity of the module. Many faced problems trying to grasp the concept of the graphs and calculations. As such, we used my own teaching materials for Introduction to Economics module for UOL students. The notes, along with the guided help from our tuition have helped many passed with flying colours.
We have 11 years of teaching experience and we provide extra exercises, detailed explanations and tutorials.
Teaching Methodology:
1. Understanding concepts and application of concept to questions
2. Developing graphing skills
3. Identifying exam trends and skills (Questions spotting)
4. Practicing variety of questions to prepare you for your exam
5. Simplifying difficult concepts
6. Identifying and improving your weakness
Do SMS us at 9758-7925 or email enquiry@starcresto.com for tuition.
Tutor's Trainer's Profile:
> Name -- Valerie Chai Hui Yee
> O Level -- 8 Distinctions for O'Level
> Diploma -- Singapore Polytechnic: Merit Diploma, Honours Roll, SIM Award, Singapore Polytechnic and School of Business Scholar
> Degree -- Nanyang Business School: First Class Honours, Dean List, C.H. Wee Gold Medal, Sumitomo Banking Corporation Scholar
> Post Graduate -- Certified Financial Analyst: CFA L1
> Experience -- 11 years of tutoring, Corporate Trainer
> Status -- Full time tutor
Other UOL Modules that are taught by Us:
1. Introduction to Economics
2. Principles of Banking & Finance
3. Corporate Finance
4. Financial Management
5. Principles of Accounts
6. Statistics 1
7. Statistics 2
8. Maths 1
9. Maths 2
10. Elements of Econometrics
11. Value Security Analysis
12. Investment Management
13. Audit
14. Macroeconomics
For more information, you can visit
www.uoltuition.com
What are Income and Substitution Effects?
When the price of a good changes, there will be two effects on the consumer.
Firstly, there will be a price effect where the price of the goods have changes relative to the other product.
Secondly, there will be an income effect where the change in the price of the goods will change the real income of the consumer.
Substitution Effect
It's the effect of relative price change, without changes in real
income. It is the bundle that would make the consumer just as happy as
before the price change. In lay man term, you can think of it like, when the price of goods A has gone up, how much would you substitute it with another goods?
To find this point we
consider a budget line characterized by the new prices but with a level of income such that it is tangent to the
initial indifference curve.
This point is characterized by two things. (1) It is on the same indifference curve as the
original consumption bundle; AND (2) it is the point where a budget line that is parallel to the new budget
line is just tangent to initial indifference curve. This "intermediate" budget line is attempting to hold real
income fixed so we can isolate the substitution effect.
Income effect
It's the effect of the change in real income. For example, when the price goes up the
consumer is not able to buy as many bundles that she could purchase before. This means that in real terms
she has become worse off. As such, an increase in the price of goods X would have decreased the real income of the consumer.
Income effect helps to determine if the good is normal or inferior:
1. Normal goods are goods whose demand increases when income goes up.
2. Inferior goods are goods whose demand decreases when income goes down.
Total effect and law of demand
Unlike the Substitution Effect, the Income Effect can be both positive and negative depending on whether the product is a normal or inferior good. By the way we constructed them, the Substitution Effect plus the Income Effect equals the total effect of the price change.
For normal goods, substitution and income effect usually goes in the same direction. For inferior goods, the effects move in opposite directions with substitution effect taking precedent over income effect. These made the demand curve downward sloping.
Giffen goods
However, Giffen goods are a type of inferior goods whose demand increases as price increases, thus violating the law of demand as the substitution effect is smaller than income effect. This implies that giffen goods have upward sloping demand curve.
Referring to the graph below:
A to C is the Substitution effect
C to B is the Income effetc
Having issues understanding the concepts?
SMS 97587925 or sign up for intro to Econs lesson here
For more information, visit www.uoltuition.com
