Recently There have been a lot of Developments Surrounding the Singapore: Business Economics Assignment, NUS, Singapore

Question 1 – To apply theory from lecture 7

Recently there have been a lot of developments surrounding the Singapore telecommunication sector including speculations of potential entrants despite an already crowded market. Further, with a limited customer base, the investment and business strategies that are demanded in this sector are indeed challenging. That said, despite acknowledging all the potentially adverse developments that lay ahead, your company, nonetheless still sees ample potential in the sector and as such, is considering entering the Singapore telecommunication market and has entrusted you to look into the plan of setting up a company in the country.

Your task is to write a report discussing the factors your company should take into account when setting up the company. Use relevant evidence (including relevant market events/developments etc.) and apply appropriate economic theories (including diagrammatical illustrations whenever deemed appropriate) to support and justify your arguments and insights in your report.

Question 2 – To apply theory from lecture 5 & 6

Monopolies are usually frowned upon by economists as such an economic phenomenon is considered detrimental to consumer welfare and leads to market inefficiency. As such, appropriate government intervention is essential to deal with this issue especially in regard to safeguarding the elements of competition in markets. The latter is crucial since competition is the key to the betterment of markets and consumer welfare.

Critically discuss the above paragraph. Your answer should include not only the relevant economic theories (including diagrammatical illustrations whenever deemed appropriate) but also appropriate real-life examples/evidence to substantiate and support your arguments.

Question 3 – To apply theory from lecture 8

Many experts have warned policymakers and world leaders of the urgent need to tackle climate change. Climate change is often referred to as the issues of changing temperatures, rising sea levels, and so on; these normally are predicted to be gradual and the full effects likely to be still some time away. However, in recent times, many experts have since, agreed that the effects are likely to be faster than expected with southeast Asian being one of the biggest losers among all the regions. As such, countries in South-East Asia like Malaysia, Thailand, Singapore, Indonesia, and so on would be well-advised to prepare for the worst and make the necessary preparations in anticipation of these effects which are likely to have many consequences including economic ones.

Your task is to write a report on the above issue. Your report should explain how this issue is linked to economics (the relevant theories and concepts involved like externalities, market failures, adverse macroeconomic effects, and so on), the implications of such phenomenon to these countries, and the current (or proposed/possible) solutions (and their effectiveness/practicality) that their governments are taking (can take) to address such issue. Note: You can choose to focus on one country (e.g., Singapore) or focus on South-east Asian countries in general (i.e., covering several South-east Asian countries in the discussion).