As usual, it’s just a guess. Nothing beats hard work. As of now you still have 1 month to work hard.
Here we go!
Answer three questions in total.
One or two of your three questions must be from this section.
1. Crude oil prices fell sharply in the fourth quarter of 2014 as robust global production exceeded demand. After reaching monthly peaks of $112 per barrel (bbl) and $105/bbl in June, crude oil benchmarks fell to $62/bbl and $59/bbl in December 2014, respectively.
Discuss the demand and supply factors that determine the price and output of crude oil and evaluate which is the most important factor. 
2.”For equity and the efficient allocation of resources, the selling price of HDB flats must be linked to their value, not their cost. If we add other housing subsidies such as the CPF Housing Grant and Additional CPF Housing Grant (AHG), the HDB’s total subsidy for first-time buyers comes to $1 billion a year.” Mr Mah Bow Tan, Minister for National Development
(a) Explain why governments need to intervene in the production of public goods. 
(b) Discuss whether subsidizing public housing in Singapore’s case is justified. 
3. February 19, 2014 – Facebook today announced that it has reached a definitive agreement to acquire WhatsApp, a rapidly growing cross-platform mobile messaging company, for a total of approximately $16 billion, including $4 billion in cash and approximately $12 billion worth of Facebook shares.
(a) Explain which market structure best explains the market behaviour of companies like WhatsApp and Facebook. [10m]
(b) Discuss the impact of mergers and acquisitions as shown in above extract. [15m]
One or two of your three chosen questions must be from this section.
4.“Singapore first headed into negative inflation in November 2014. It was the first time since 2009, in the aftermath of the Global Financial Crisis, that we had a negative inflation rate.”.– Straits Times, December 24 2014
a) Explain the causes of negative inflation. [10m]
b) Discuss the policies that the Singapore Government can adopt to mitigate the problems associated with negative inflation. [15m]
5. Singapore’s seasonally adjusted unemployment rate came in at 2.1 percent in the June quarter of 2016, up from 1.9 percent in the previous quarter. It was the highest jobless rate since the first quarter of 2014.
Explain the type of unemployment Singapore is likely to suffer from and discuss how Singapore is able to maintain a low unemployment rate. [25m]
6. Singapore and Hong Kong are the top countries most open to trade according to the Enabling Trade Index, the World Economic Forum (WEF).
a)Explain why countries like Singapore and Hong Kong would be open to trade. [10m]
b) Discuss the policy options for a small and open country like Singapore to tackle a BOP deficit. [15m]