Singapore's e-sports training academies
A superb two minute video here from the BBC on the growth of e-sports training schemes in Singapore. Annual turnover in the global e-sports market is forecast to reach $1.5bn in three years.
Why Singapore is training professional gamers https://t.co/u5G9hEBc3m
— BBC World Business (@BBCWorldBiz) November 20, 2017
E-sports events fill stadiums and cinema screens and the earnings of the top 3% of gamers have soared in recent years.
This is a great example of the derived demand for labour. As the e-sports industry expands, so too does the number of people needed as players, trainers, commentators and event organisers.
At the top echelon of the labour market, the supply of the best e-sports gamers is highly inelastic.
Subscribe to email updates from the tutor2u Economics
Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.
You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
You might also like
From the Blog
More In the News
-
A Level Economics Strong Foundations Workshops
Join the tutor2u Economics team for the 2019/20 edition of A-Level Economics Strong Foundations - the exam workshop for all Year 13 A-Level Economics Students wanting to lay the foundations for...
-
A Level Economics Grade Booster Workshops
Our A Level Economics Grade Booster workshop is designed to provide essential revision support to all A Level Economics students as they complete their preparation for the three papers in...
Popular Content
-
Edexcel A Level Economics Diagram Practice BookEdexcel A Level Economics Diagram Practice Book
- SKU: 02-4130-30188-01
-
Printed Edition
-
Student personal license
- £7.95
Added to your Shopping Cart!
Edexcel A Level Economics Diagram Practice Book
- SKU: 02-4130-30188-01
-
Printed Edition
- £7.95
-
AQA A Level Economics Challenge Book - MicroeconomicsAQA A Level Economics Challenge Book - Microeconomics
- SKU: 02-4130-30165-01
-
Printed Edition
- £5.95
Added to your Shopping Cart!
AQA A Level Economics Challenge Book - Microeconomics
- SKU: 02-4130-30165-01
-
Printed Edition
- £5.95
Teaching Vacancies
-
Teacher of Mathematics 7 days left to apply
Prior Park Educational Trust, Gibraltar
-
Examiner- GCE A Level - Economics (2015 Specification)
Pearson, Home based
-
Teacher of Business and Economics
The Holt School, Wokingham
- Browse all jobs ›
Advertise your vacancies with tutor2u
Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.