UOL Intro to Econs Tuition in Singapore - $50 per hour for group tuition. Sign up at http://www.uoltuition.com/sign-up-for-intro-to-econs.html

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 

UOL Introduction to Economics Tutor in Singapore

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 10 years of teaching experience and has specialized in UOL economics tuition for the past 3 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 

For more information, you can visit www.tertiarytuition.com or www.tuition.starcresto.com

MArket Demand Curve, Average Revenue, Marginal Revenue For Perfect Competition - Need help? SMS +65 97587925 for tuition

PERFECT COMPETITION, DEMAND Curve:

The demand curve for the output produced by a perfectly competitive firm is perfectly elastic at the going market price. The firm can sell all of the output that it wants at this price because it is a relatively small part of the market. As a price taker, the firm has no ability to charge a higher price and no reason to charge a lower one. The market price facing a perfectly competitive firm is also average revenue and, most important, marginal revenue.

A perfectly competitive industry is comprised of a large number of relatively small firms that sell identical products. Each perfectly competitive firm is so small relative to the size of the market that it has no market control, it has no ability to control the price. In other words, it can sell any quantity of output it wants at the going market price. This translates into a horizontal or perfectly elastic demand curve. It also translates in an equality between price, average revenue, and marginal revenue.

Perfectly Elastic Demand

Demand Curve, Perfect Competition

This exhibit illustrates the demand curve for the output produced by a perfectly competitive firm The left side of the graph illustrates the overall market, in particular, the supply offer by millions of suppliers and the demand of millions of buyers. The equilibrium price achieved in the market is $2.50 and the equilibrium quantity is 100 million.

The right side of this graph illustrates the demand for individual firm. Note that even though both sides of this exhibit look to be about the same size, the quantity axes have different measurement units. 

The key for producer is that he can produce any quantity of zucchinis that he wants at $2.50, the going market price. Given millions of buyers, someone is willing and able to buy 5 to 10 products from producer at $2.50 each. That makes the horizontal line emerging from the $2.50 price, the demand curve for individual seller.

Marginal and Average Revenue

This demand curve is also the average revenue curve and the marginal revenue curve facing individual seller. Average revenue is the per unit revenue received for selling the product. If individual seller sells 10 products for $2.50 each, his total revenue is $25. His per revenue for these 10 products is then $2.50, which is also the price.

Marginal revenue is the extra revenue received for selling one more product. In individual seller's case, each additional product sold generates exactly $2.50 of extra revenue. individual seller's marginal revenue is also $2.50 for every product sold.

This point might seem so incredibly obvious that there is really no reason to even mention it. However, a number of industries that do NOT meet the ideal characteristics of perfect competition (which is most firms populating the real world economy), do not have perfectly elastic demand curves and their marginal revenue is not equal to average revenue or price. A perfectly elastic demand curve and the equality of price, average revenue, and marginal revenue is what makes perfect competition important to study as a benchmark against which real world market structures can be compared.

Adapted from Perfect Competition, AmosWEB

Macro Economics MCQ with Answers - UOL Introduction to Economics

       Sample Macro Economics MCQ with Answers 

1)   Equilibrium in the goods market requires that:

A)   consumption equals income.

B)   production equals demand.

C)   government spending equals taxes minus transfers.

D)   production equals income.

E)   consumption equals saving.

2)   Which of the following generally occurs when a central bank pursues expansionary monetary policy?

A)   the central bank sells bonds and the interest rate increases

B)   the central bank sells bonds and the interest rate decreases

C)   the central bank purchases bonds and the interest rate increases

D)   the central bank purchases bonds and the interest rate decreases

3)   Which of the following is the correct definition of the IS curve?

A)   The IS curve represents the combinations of output and the interest rate where the goods market is in equilibrium.

B)   The IS curve represents the single level of output where financial markets are in equilibrium.

C)   The IS curve represents the combinations of output and the interest rate where the money market is in equilibrium.

D)   The IS curve represents the single level of output where the goods market is in equilibrium.

E)   none of the above

4)   Which of the following will cause a shift in the LM curve?

A)   an increase in output

B)   a reduction in taxes

C)   an open market purchase of bonds

D)   an increase in consumer confidence

E)   all of the above

5)   Which of the following will occur if there is an increase in taxes?

A)   The IS curve shifts and the economy moves along the LM curve.

B)   The LM curve shifts and the economy moves along the IS curve.

C)   Both the IS and LM curves shift.

D)   Output will change causing a change in money demand and a shift of the LM curve.

E)   Neither the IS nor the LM curve shifts.

Answer: A

6)   Suppose investment spending is NOT very sensitive to the interest rate. Given this information, we know that:

A)   the LM curve should be relatively flat.

B)   the IS curve should be relatively flat.

C)   neither the IS nor the LM curve will be affected.

D)   the IS curve should be relatively steep.

E)   the LM curve should be relatively steep.

7)   Based on our understanding of the IS-LM model that takes into account dynamics, we know that a reduction in the money supply will cause:

A)   an immediate drop in Y and immediate increase in i.

B)   a gradual increase in i and gradual reduction in Y.

C)   an immediate increase in i and no initial change in Y.

D)   none of the above

8)   Which of the following events will NOT cause an increase in the aggregate price level?

A)   an increase in Pe

B)   a reduction in output

C)   an increase in the markup

D)   an increase in unemployment benefits

E)   none of the above

9)   Assume a country is closed. Given this information, which of the following must occur?

A)   Demand for domestic goods will be greater than the domestic demand for goods.

B)   S = I

C)   A budget surplus exists.

D)   S + T = I + G

E)   Demand for domestic goods will be less than the domestic demand for goods.

10)   Assume the interest parity condition holds and that initially i = i*. A reduction in the domestic interest rate will cause:

A)   a reduction in E.

B)   an increase in the demand for the domestic currency.

C)   an expected depreciation of the domestic currency.

D)   all of the above

Answers:

1)   B

2)   D

3)   A

4)   C

5)   A

6)   D

7)   C

8)   B

9)   D

10)   D

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

Having difficulties with your INTRO TO ECONS in UOL? SMS +65 9758-7925 or email enquiry@starcresto.com for exam-focused tuition now! 

IS-LM Sample MCQ Questions for Macro Economics - UOL Introduction to Economics

UOL Introduction to Economics Sample MCQ Questions for Macro Economics 

1. What would happen to the IS-LM model when there is an increase in autonomous consumption and contractionary monetary policy was sought to prevent inflation?

A.     The IS curve would shift to the left and the LM curve would shift to the left

B.     The IS curve would shift to the right and the LM curve would shift to the left

C.     The IS curve would shift to the left and the LM curve would shift to the right

D.    The IS curve would shift to the right and the LM curve would shift to the right

2. If the multiplier effect in an economy is 5 times, what will happen to the national income when the government spending decrease by $200  

A.     income will increase by $1000

B.     income will increase by more than $1000 because a reduction in interest rates will increase investment spending

C.     income will increase by less than $1000 because an increase in interest rates will reduce investment spending

D.    income will increase by less than $1000 because an increase in inflation will reduce consumption spending

3. The expansionary policy in an economy cannot be fully experienced by the economy when

A.     money demand is not affected by interest rate changes

B.     the LM curve is vertical

C.     government spending changes do not affect output

D.    all of the above

4. When the government sells bond in the open market

A.     LM will shift to the right

B.     National income will return back to equilibrium when there is flexible prices and wages

C.     Interest rate will fall

D.    None of the above

5. Monetary policy is more effective when

A.     investment is less sensitive to the interest rate

B.     the IS curve is flatter

C.     the LM curve is flatter

D.    all of the above

6. In order for liquidity trap to happen,

A.     the LM curve is horizontal

B.     the LM curve is vertical

C.     monetary policy is very effective

D.    all of the above

7. The government aims to reduce interest rate and boost national income through policy. As a governor, you will choose to

A.     increase government expenditures

B.     increase government expenditures

C.     buy Treasury bonds.

D.    sell Treasury bonds

8. Consider two economies that are identical, except that one has a high marginal propensity to consume (MPC) and one has a low MPC. If the money supply is increased by the same amount in each economy, the high MPC economy will experience

A.     A larger increase in output and a smaller decrease in the interest rate.

B.     A smaller increase in output and a smaller decrease in the interest rate.

C.     A larger increase in output and a larger decrease in the interest rate.

D.    None of the above.

9. Suppose an economy is running a government budget surplus. Assume that C = c0 + c1(Y-tY). Which one of the following will cause this surplus to become larger?

A.     Expansionary monetary policy.

B.     An increase in exports.

C.     An increase in equilibrium GDP.

D.    A decrease in taxes.

10. If investment in the goods market is not interest sensitive,

A.     IS curve is a vertical line and monetary policy is very effective in raising output.

B.     IS curve is a horizontal line and monetary policy is very effective in raising output.

C.     The IS curve is a vertical line and monetary policy does not affect output in the IS-LM model.

D.    The IS curve is a horizontal line and monetary policy does not affect output in the IS-LM model.

For answers, tuition or more MCQ for your upcoming UOL intro to econs exam in May, SMS +65 9758-7925 or email enquiry@starcresto.com

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