hello

just wanna say that for pw, OP SCRIPTS ARE DUE TMR AND THE I &R AS WELL. (22/10/07)

WORK hard peeps!

from ur responsible pw rep,

Binx2

heyy. everyone. update on chalet

umm. i think we have to push back the dates to 14-15th.

coosss. 5-6 nov have been fully boooked. sian. sry tat i nv book in time.
trying to book the 14-15th slot asap.

hope you all can make it still (:
cheers,
josh

Hey everyone, the time has come for a class chalet!
with the goals to bond the class and to have fun after promos!
well, i've been searching for the past two days, and i kinda chose this chalet
nsrcc chalet. i think most of you all have heard of it b4.
Hope tat the response will be keen for this.
Umm. its a three day two night thingy . and tere are plenty of facilites
swimming pool, bowling alley,pool tables, karoke sets in the room!( jl ,tf,sx,jr (: ) bbq pits, arcades. bicycles for rent. street soccer courts, tennis courts.

WOW DOESNT THAT SOUND GOOD TO YOU? umm.
well, b4 i can actually book this thingy for the clas. i nidda get ur enthusiastic response. well
the dates that are avaible are from 29oct-1 nov. and 5-6nov.
i'll be gathering resposne nxt wk. but if you happen to read this. jus respond through commenting
any two days from 29 oct-1nov or the slot from 5-6 nov . i'll try to get the best possible dates.
5-6 would be good cos most likely confirmed thatmost of us would have finished op.
but we shall see the response b4 deciding

umm. the cost is about 20-25 bucks. depending on how many ppl go. so do be enthu
lets bond as a class and have one hell of a time at this chalet.

ps: jiayee you're invited too!

HEY PEEPS!

REMEMBER TO HAND UP WR BY THIS SAT TO MRS LEE

HER EMAIL IS

leesb@hc.edu.sg

send it to her!

if your group is unable to hand up, u can approach me for her hp number.

Good luck with ur project work!!! iT'S going to be a BUSY BUSY BUSY month for project work so work hard and hang in there!

From ur responsible PW rep
BinX2

Hi 07S6E,

I was going through the case studies of the econs promos and having to mark the usual "GP-ish" and imprecise answers, especially with regards to the last 2 questions, I thought it would be good to show you a model of good economic analysis.

If you click on the above title link, you will see how Gary Becker, a Nobel winner in economics, explain the problem with traffic congestion in a very analytical way and how a proper tax system should be implemented.

The objective for you is not to memorize what he is saying but to internalize for yourself what a good economic answer should be.

For those more interested students, here are some questions that has answers appearing in this particular blog entry.

1) How do economists measure the external cost of traffic congestion? (Hint: look at the 4th paragraph)

2) How did Becker follow my prescribed algorithm to explain the externality? (Hint: 5th paragraph last few sentences as well as the 6th paragraph.) See, I taught you that method for a clear reason! =)

3) How did Becker explain why tax rates need to be different? (7th paragraph. Notice how precisely he explains it without any vague "GP-ish" terms. This is something that I hope to see appearing in your econ answers)

4) How did Becker evaluate the various policies different countries use?

Hope all of you will learn the value of going beyond your notes and read more of such good examples of economic analysis in your J2 years.

Regards,
Mr Tan