The H2 Economics Syllabus 2025 is designed to prepare Singapore students for advanced-level study by equipping them with critical economic reasoning, analytical skills, and the ability to apply concepts to real-world scenarios. This syllabus emphasizes both microeconomic and macroeconomic perspectives, while also encouraging an understanding of globalization and international trade. Students are expected to not only master theoretical knowledge but also evaluate policies and decisions through evidence-based reasoning.
For many students, Economics can feel abstract, but the H2 Economics Syllabus 2025 makes it relevant by directly connecting concepts to daily life in Singapore. From rising costs of living to global trade policies, the subject allows learners to explore how economic theories shape real policies and personal decisions. To aid students in navigating the syllabus, useful downloadable resources are provided below.
| No. | Resource Title | Link |
|---|---|---|
| 1. | H2 Economics 2025 Full Syllabus (SEAB PDF) | Download |
| 2. | Key Microeconomics Notes & Case Study Samples | Download |
| 3. | Macroeconomics Essay Guide & Model Answers | Download |
| 4. | Globalisation and Trade Revision Kit | Download |
Introduction To The H2 Economics Syllabus
The H2 Economics Syllabus (9570) is structured to help students:
- Understand fundamental economic concepts.
- Apply economic reasoning to current events.
- Critically evaluate different perspectives in decision-making.
- Develop communication and essay-writing skills that reflect logical, evidence-based arguments.
The assessment structure involves two key papers:
- Paper 1 (Case Study Based): Requires application of economic concepts to real-world issues.
- Paper 2 (Essay Based): Demands structured responses, analysis, and evaluation across both microeconomics and macroeconomics.
Core Areas Of The H2 Economics Syllabus 2025
Microeconomics: Understanding Individual And Market Decisions
Microeconomics focuses on scarcity, choice, and decision-making by individuals, firms, and governments. Key concepts include:
- Scarcity and Opportunity Cost
- Central problem of limited resources.
- Use of Production Possibility Curve (PPC).
- Decision-Making and Rationality
- Marginal cost vs. marginal benefit.
- Consumer and producer behavior.
- Price Mechanism
- Interaction of demand and supply.
- Elasticities and government intervention.
- Firms and Market Structures
- Perfect competition, monopoly, oligopoly.
- Costs, revenues, and economies of scale.
- Market Failure
- Externalities, public goods, and information asymmetry.
- Policy tools such as taxes, subsidies, and regulation.
Example for Singapore students: Consider housing policies like HDB subsidies. These illustrate government intervention when free markets fail to ensure affordable housing.
Macroeconomics: National And International Perspectives
Macroeconomics deals with aggregate indicators and policies shaping entire economies. Students will explore:
- National Income and Growth
- Circular flow of income.
- Aggregate demand (AD) and aggregate supply (AS).
- Employment and Unemployment
- Frictional, structural, and cyclical unemployment.
- Policies to reduce unemployment in Singapore.
- Price Stability
- Inflation and deflation.
- Impact on households and businesses.
- Balance of Payments
- Current account and capital account.
- Singapore’s dependence on trade.
- Macroeconomic Policies
- Fiscal policy (government spending, taxation).
- Monetary policy (interest rates, money supply).
- Exchange rate management.
Singapore relevance: MAS (Monetary Authority of Singapore) policies demonstrate how a small open economy can stabilize inflation while remaining competitive globally.
Globalisation And International Trade
The syllabus also emphasizes the importance of understanding economic integration and trade:
- Comparative Advantage: Why countries specialize and trade.
- Impact of Globalisation: Benefits (e.g., growth opportunities) and challenges (e.g., inequality).
- Singapore’s Open Economy: Dependence on imports and exports.
- Case Studies: The US-China trade war and its effect on Singapore’s electronics exports.
Skills Developed Through The H2 Economics Syllabus
The curriculum does not only test knowledge but also develops higher-order skills:
- Analytical Tools: Application of graphs, models, and data to real-world issues.
- Critical Evaluation: Considering multiple perspectives (consumers, firms, governments).
- Essay Writing: Constructing logical, evidence-based arguments.
- Relevance To Real Life: Linking theory to events like rising global oil prices or shifts in supply chains.
Assessment Format
| Paper | Description | Marks | Duration |
|---|---|---|---|
| Paper 1 | Case Study Questions | 40% | 2 hours |
| Paper 2 | Essay Questions (3 out of 6) | 60% | 2 hours 30 min |
Tips for students:
- Practice writing essays within time limits.
- Use real-world examples to strengthen arguments.
- Develop clarity in diagrams and explanations.
Why The H2 Economics Syllabus 2025 Matters For Students In Singapore
- Relevance To Current Issues: Economics helps students understand issues like inflation, unemployment, and global trade.
- Preparation For University: A strong foundation in economics opens pathways to degrees in Business, Finance, and Social Sciences.
- Critical Life Skills: Decision-making, evaluation, and logical reasoning apply beyond exams.
Conclusion
The H2 Economics Syllabus 2025 is not just an exam requirement but a gateway to understanding how societies, markets, and governments function in a complex global economy. By exploring microeconomics, macroeconomics, and globalization, Singapore students gain valuable tools to analyze policies, make informed decisions, and critically engage with world events. With its focus on analytical reasoning and real-world applications, the H2 Economics Syllabus 2025 equips learners with the skills and knowledge to thrive both academically and in future careers.
