Singapore University of Social Sciences

Key Economic and Financial Issues (GER513)


GER513 Key Economic and Financial Issues examines the economics of population ageing. The impact of an ageing population on the composition and possible shrinking of the labour force,productivity concerns, resources needed for upgrading of skills, and tax burden on the working populace are addressed. Students will be encouraged to advance their knowledge of economicpolicies by comparing the social security/financial protection frameworks of different countries such as UK, USA, Australia, China and Singapore. Strategies of healthcare financing in differentcountries, and analysis of national solutions to the economic challenges of an ageing population will also be covered. At the micro level, funding models used by Ministries for non-governmentagencies and the criteria will be discussed. National policies regarding lifelong learning e.g., SkillsFuture framework, support for older workers to continue working e.g. Workfare, andincentives for employees to work beyond age 62 would be examined and analysed for effectiveness.

Level: 5
Credit Units: 5
Presentation Pattern: Every July


  • The economics of ageing
  • Employment, economic security and poverty
  • International comparisons of financial protection strategies
  • Universal health insurance
  • Healthcare financing
  • Silver Industry
  • Focus on Central Provident Fund
  • Pre-retirement financial planning
  • Singapore’s social safety net
  • Government funding models for NGOs
  • Singapore National policies
  • Overview of financial literacy among ageing populations

Learning Outcome

  • Analyse and understand concepts of economics of ageing
  • Examine economic principles and concepts relating to the field of gerontology
  • Compare and contrast social security schemes in the international context
  • Discuss healthcare financing strategies and their impact on older persons
  • Apply critical thinking skills in relation to government funding models
  • Improve facilitation skills within a multidisciplinary team
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