What is Economics?

The economics is the social science that studies:

• The extraction, production, exchange, distribution, and consumption of goods and services.
• The way or means of satisfying human needs through limited resources.
• A way in which people and societies survive, prosper and function.

Therefore, economics can be defined as the science that studies “how a society is organized to produce its means of existence that is distributed among its members and consumed by them. It allows the society to produce them again and so on, thereby providing, in a constantly renewed way, the material basis for the whole reproduction of society over time.

Beyond the focus on economic processes (extraction, transformation, production, distribution, and consumption) the economic analysis has been applied to business, finance, healthcare, and government. They can also be applied to disciplines as diverse as crime, two education, 3 family, law, public choice, religion, four institutions, war, and the environment. In the shift to the 21st century, the expansive dominance of economics in the social sciences has been described as the imperialism of the economy. The ultimate goal of the economy is to improve the conditions of people’s lives in their daily lives.

Microeconomics and Macroeconomics:

The economy for its study is divided into two fields: microeconomics and macroeconomics.

The Microeconomics is the study of the choices made by individuals, companies, and governments, called “economic agents”; that is, its behavior in the face of scarcity. Microeconomics explains how variables such as the prices of goods and services, the level of wages, the profit margin and the variations in income are determined. The economic agents will make decisions trying to obtain the maximum satisfaction or possible utility.

The Macroeconomics is the study of how national and global economy. Analyze the aggregate variables, such as the total amount of goods and services produced, the total income, the level of employment, productive resources, the balance of payments, the exchange rate and the general behavior of prices.

What is tuition? Why do we need tuition?

JC economics tuition in Singapore is a fee paid for instructions during schools and colleges. It is basically an instruction provided in groups or individually. It can be said as an extra academic class apart from the school or college to clarify the concepts more deeply and for additional practice to excel in academics like Economics Tuition in Singapore. A tuition center is a name given to private educational institutions working in coordination with schools.

Tuitions are of two types:

• Home tuition

Home tuition is a unique opportunity to learn at the home of a professional teacher, benefiting from one-to-one personalized lessons in a comfortable and relaxed environment.

• Private tuition

Instructions that are received in small groups or individually. They are arranged and are on a paid basis by an individual rather than by the state. They are able to provide Study guides for A level and IB economics

Is tuition appropriate for me?

• Perfect for students who need a personalized lesson.
• Perfect for students who want to boost their confidence and speaking fluency.
• Ideal for students who want to progress quickly.
• Highly flexible timetable – You can start any time of the year.

Joyce Laroche