The fascinating, diverse, unique, funny class of 05S5B.
Quotations
"Ideas shape the course of history." - John Maynard Keynes
"Your theory is crazy, but it's not crazy enough to be true." - Niels Bohr
Subjects
Terms of the Day
Ceteris Paribus - ‘all other things remaining the same’, the assumption that all other variables within an economic model remain constant whilst one change is being considered.
Radical - A species with an unpaired electron. Are highly reactive. Formed by homolytic fission.
Newslines
Class Photos now online! Ask your friendly CT Rep for link now!
Events Coming Up!
Class Chalet! - 4th-6th Jan '07
S5B. Inc
Board of Directors : Mrs Judy Tan Mrs Lim Miss Jeeva Mr Toh Mr Neo Miss Lim Mrs Leong CEO : Gavin Secretery : Li Ting Treasurer : Kristal Welfare Head : Kim Soon R & D Head : Sally Security Head : Kim Wee Entertainment Head : Jansen Physical Health Head : Hui Ting Public Relations Head : Wei Fang Marketing Head : Samuel Senior Executive : Adeline Junior Executive : Jolene IT Heads : Wei Din & Rebecca Graphics Designer : Xin Li Finance Advisor : Jamie Corporate Educator : Yi Xian Curator : Dawn Magician : Marisca Manga Project Leaders : Simin & Shu Qi
George Arthur Akerlof - Akerlof is perhaps best known for his article, "The Market for Lemons: Quality Uncertainty and the Market Mechanism", published in Quarterly Journal of Economics in 1970, in which he identified the severe problems that may afflict markets characterized by asymmetrical information.
Milton Friedman - (born July 31, 1912) is a U.S. economist, known for his work on macroeconomics, microeconomics, economic history, statistics, and for his advocacy of laissez-faire capitalism. In 1976 he won the Nobel Memorial Prize in Economics for his achievements in the fields of consumption analysis, monetary history and theory and for his demonstration of the complexity of stabilization policy."