This lesson covers the topic of economic growth, recession and policies to solve a recession in Singapore. Students will learn about the benefits and costs of economic growth, causes of recession in Singapore, and the policies such as expansionary fiscal policy, expansionary monetary policy, exchange rate policy and supply side policy. This lesson also includes a bonus revision essay question on market failure. Recap about imperfect information and negative externalities too. Pay special attention to the specific question keywords in the essay question too.