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Welfare Economics and Clear Causal Links

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Welfare Economics and Clear Causal Links
GCE N1995

The Singapore economy grew by 9.2% per annum in the third quarter of 1993, inflation was 2.4% per annum and 19000 jobs were created. (Straits Times, 13 Nov 93)

How far can this information lead you to conclude that there is a rising standard of living in Singapore? [25]

Learning Outcome
S/no
Learning Outcome
Checklist
1
Interpret statistical data

2
Analyse the limitations of using the indicators to measure economic performance as well as standard of living of an economy


Analysis of Question (to be done in 1-2 minutes) The Singapore economy grew by 9.2% per annum in the third quarter of 1993, inflation was 2.4% per annum and 19000 jobs were created. (Straits Times, 13 Nov 93)

How far can this information lead you to conclude that there is a rising standard of living in Singapore? [25]
Interpreting the Question
What is the cue words?
(What are the skills required for this question?)

How far
To assess the degree to which the statement is true. To provide thesis and anti-thesis and make a stand
What is the concept words?
(What are the concepts required to answer this question?)

Standard of living
What is the context words?
(What is the context for this question?)

This information, rising standard of living, Singapore

Question requirements:
Application and evaluation question
Candidates are required to demonstrate understanding of SOL by applying the data given to assess the change in level of SOL in Singapore. They are also required to identify limitations of data given in assessing non-material aspect of SOL and suggest possible indicators to provide a more comprehensive measurement of SOL in Singapore.

Schematic Plan (to be done in 2-3 minutes)

Thinking Process
Introduction (GIST)
Define SOL, provide an overview of the essay

Provide the

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