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Who works on your Economics Assignments?
- Currently working as an Actuary Analyst at a leading insurance company, our head econ tutor likes to keep in touch with his academic side. Himself being a straight-A student from Harvard holds the reputation of providing economics solutions to students which are always graded A by their respective professors.
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About Economics & Economics Assignment:
Economics, as a subject, demands a lot of understanding and conceptualizing the practical world of trade and commerce. The core concepts surrounding microeconomics and macroeconomics are different in many ways and as a student, you need the best econ tutors for not only to get the correct answers to the economics assignment questions but also to grasp of all the figures and curves that represent certain real-life scenarios.
HelpwithAssignment boasts a panel of economists who have in-depth knowledge of the subject and our panel of econ tutors ranges from being actuaries in large insurance companies to professors in top universities and thus possess both academic and practical knowledge to help you get brilliant grades in your econ homework.
The main two categories of economics are:
Microeconomics focuses on the behavior of basic elements in the economy that include individual agents and markets, their interactions, and their outcomes.
Macroeconomics analyses the entire economy and issues affecting it that include unemployment of resources, inflation, economic growth, and public policies that address these issues.
The Four Basic concepts of economics:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. This situation requires people to make decisions about how to allocate resources efficiently, in order to satisfy basic needs and as many additional wants as possible. Figuring out ways to make the best use of scarce resources or find alternatives is fundamental to economics.
- Supply and demand
Supply and demand is the relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy. It is the essential concept of price determination in economic theory. The price of a commodity is determined by the interaction of supply and demand.
- Costs and benefit
The cost-benefit analysis is a systematic process for calculating and comparing benefits and costs of a project, decision, or government policy. Its main purpose is to determine if it is a sound investment and provide a basis for comparing projects.
An incentive is something that incites one to action. It is a type of motivation and provocation for the employee. Economists understood that incentive is the key to achieve organizational goals. Some incentive schemes have been proved to be so efficient that they are followed as the rule book in many firms, such as performance bonuses, profit sharing, and employee shareholding.
Microeconomics is the branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. One of the goals of microeconomics is to analyze the market mechanisms which establish relative prices among goods and services. It also analyses the allocation of limited resources among alternative uses.
Supply, demand, and equilibrium: Supply and demand is an economic model for price determination. It’s the theory of the perfect competitive market with no price control and unit price for a particular good is the price at which the quantity demanded by the customers equals the quantity supplied by the producers.
Measurement of elasticity: It’s the measurement of how responsible an economic variable with the change in another variable. The terms frequently used in the economic world are price elasticity of demand and supply, income elasticity, the elasticity of substitution, factors of production, and many more.
Perfect competition: Perfect competition describes the market’s position that no industry or company is large enough to have power as the prices of products are homogenous.
Market structure: Market structure includes different varieties of market systems and this feature of the market is known as capitalism and its aim to substitute markets with the best economic planning of varying degrees.
Consumer demand theory: It is the cornerstone of modern microeconomics and provides deep insights for understanding market demands. Consumer demand theory allows us to study the behavior of consumers and their decisions in terms of purchasing services and goods through the markets.
Theory of production: It is the study of the economic process of transforming the inputs into outputs. It uses resources to produce goods or services which can be exchanged in a market economy.
Costs of production: Cost of production theory of economics deals with the determination of the cost of a product by adding up the costs of the resources which went into producing it.
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For quick Economics homework help, upload your Economics homework file in the form on the right. Our experts, with Masters and Ph.D. in the subject, would revert in less than 10 minutes to your query.
The approach taken in solving Economics homework is to lucidly explain the concepts involved as well as how to apply these to practical problems.
Our highly qualified and skilled tutors can provide you help with the following topics:
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To solve complex economics homework, our experts use the following statistical tools
Few reading materials created by our Economics experts!
- Game Theory Bayesian Games
- Game Theory – Auctions
- Game Theory Auctions Continued
- Phillips Curve
- Fiscal Policy
- Understanding the Law of Demand
- Understanding the Law of Supply
- Cost Analysis
- Profit Maximization in Economics
- Understanding Profit in Microeconomics
- Business Cycles in Economics
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