ECONS ZOMG

Hi im posting on the behalf of meng jie taken from the tagboard for easier reference.

Helloooo I'm writing the RJC Econs 2010 promo essay questions here if anyone wants to try hahaha. It's only micro questions bcus they only took micro this year heh. JY with revision (:(:

1 (a). Explain why excessive alcohol consumption is a form of market failure [10]

(b) Discuss whether the use of minimum pricing is the best measure in correcting the above market failure [16]

2. In singapore, the increasing cost of driving makes public tranposrt a good alternative in both 2006 and 2007, the rail operators applied to the public tranport council for approval to increase MRT on the ground of significant energy increase.

(b) The public transport council is a regulatory body, tasked with the twin responsibility of safeguarding the interest of the public transport operators. discuss the extent to which it can rely on the concept of demand elasticities in deciding whether to approve the fare increase [16]

- 2(a) and the other question was on monopoly so not relevant to us ~

heehee sorry for spamming tagboard, I forgot the blog password .__. anw jyjy ( :

Cheers

Nicholas