ECO202 Economic Ideas and Models for Business assignment, SUSS, Singapore Consider the market for online education. Due to the improvement in education technology, it is easier
Question 1
(a) Consider the market for online education. Due to the improvement in education technology, it is easier and more cost-effective for education institutions to offer courses online with interactive features and communication platforms. At the same time, due to COVID-19 which results in movement restrictions and safety concerns, people have a greater
preference to pursue education online. Explain the effects on the price and quantity of online equation when these two incidents occur concurrently. Support your answers with the help of market diagrams for online education.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
(b) The government wishes to encourage more people in the country to pursue education and is considering implementing a price ceiling or providing a subsidy to the consumers. Compare and contrast the price of education, the quantity of education traded and the welfare effects of these two policies. An economist claimed that providing a subsidy to the consumers is more efficient than imposing a price ceiling. Appraise the validity of this claim and support your answers with suitable diagrams for the education market.
(c) Consider the university education market in Singapore. Based on the determinants of the price elasticity of demand, comment on the price elasticity of demand for the university education in Singapore and explain whether the demand for the university education in Singapore is likely to be elastic or inelastic. Justify your answers.
Buy Custom Answer of This Assessment & Raise Your Grades
When it comes to online assignment help in Singapore, look no further than our expert services. For students at the Singapore University of Social Science (SUSS) grappling with the complexities of Economic Ideas and Models for Business in the ECO202 course, our specialized assistance is at your fingertips. Whether it's individual assignments or the GBA (Group-Based Assignment), our team is here to guide you. Explore topics like the market for online education and the impact of educational technology with confidence. Our dedicated Report Writing Service ensures that your assignments are polished and well-structured. Don't hesitate to pay our experts for the support you need to excel in your SUSS coursework.
- CVE2332 Seepage and Flownet Assignment Report: Singapore River Cofferdam Case Study for Optimal Sheet Pile Design
- NUR 3015 Mental Health Policy Assignment Report: Community Nursing Recommendations for Reducing Mental Health Issues in Singapore
- DSWSH MC2 Electronic Security Assignment : AIS School Protection Plan Using IDS & Protection in Depth
- 6WBS0035/6 Digital Strategy Presentation Assignment: MNC Innovation Proposal for Global Growth
- A2389C Pharmaceutical Supply Chain Assignment: Mitigation Plan for Tariff-Driven Disruptions in Singapore
- PS6004EFA Business Research Dissertation Assignment: Strategic Analysis Case Study
- Principles of Management Assignment: Strategic Analysis of an MNC or SME Company in a Post-Pandemic Business Environment
- Project Management Assignment : Planning a 1-Day Sports Tournament for Corporate Team Building
- Managing Across Cultures Assignment : Case Analysis of McDonald’s, Fiat & Workplace Stereotypes
- WEB301 Singapore Green Plan 2030 TMA Report: Communication Strategy Proposal to Engage Young Adults Online & Offline
UP TO 15 % DISCOUNT