Economics is not just a subject it's a science which studies the human behavior when the resources get scarce and they have alternative choices. For example the income of a person is scarce it is not unlimited and it has alternative uses therefore he will make the choices which will maximize his utility with the given level of income. Economics is the subject which deals with the study of human being in the common business of life. The subject enquires how an individual obtains his earnings and how he uses it. Thus, it is on the one side, it is the study of prosperity and on the other and more important side, a part of the study of human beings.
The importance of economics can be studied from its two branches Microeconomics and Macroeconomics.
Microeconomics is the branch of the economics which deal with a single consumer, producer at a micro level. It describes the law of demand (price and demand have a negative relationship) and law of supply (price and supply have a positive relationship). It helps in understanding how the market price gets determined which is the intersection of the demand and supply curve. It also studies about the consumer utility maximization, production functions, elasticity, markets such as perfect competition, monopoly, monopolistic, oligopoly.
Macroeconomics is the branch of the economics which work at macro level like calculating the per capita income, inflation rate, unemployment rate, aggregate demand and aggregate supply. Macroeconomics studies the growth of an economy and provides relevant solution to the prevailing problem. Economics is a subject whose knowledge and a basic understanding is must for everyone to have a better look and understanding about the thing that are happening around at an individual level as well as at a country level. For example- why a country is a fastest growing economy? How inflation and unemployment rate are related? Why Indian railway is a monopoly? All these question can only answered through economics therefore it's a subject which is very important and interesting subject.
Economics has been known as a special area of study since over the decades. It is covered in almost all colleges and universities proposed courses and in various programs. Economists and economics professionals sustain high profiles in governments and they have been well-represented among the highest appointees in the federal government of the United States. The press releases on their saying and doings, occasionally with praise and respect, sometimes with mockery and ridicule. Economics and economists are the important words or terms which almost each person has heard and uses. But only a few people can give an exact definition or description of economics.
Economics is not a single subject but the summation of different subject it is not just micro-macro economics it is statistics, econometrics, financial economics, mathematics, international economics etc. Therefore for a student studying economics it becomes difficult sometimes. Another problem faced by the student is the contradictory nature of economic theories, like something that hold true in short run will not hold true in the long run. This is also known as the contradiction between the classical theory of economics and Keynesian theory, it create confusion for a student solving economic problem. For example- in the short run the supply curve changes with the price while in the long run it is assumed to be constant which does not change with the price level.
The problem with the student is that they try to memorize the economics rather than understanding it. Solving economic problem can become so easy if students try to think as a rational individual and the choices an rational individual will make in those situations, because economics is the study of the behavior of individuals it provide a proof to the behavior and measure it in numbers. Therefore, understanding the concepts of economics is the key to solving problems. The most common economic problems are:-
Few important topics covered under economics-
Consumer utility- For a consumer he will choose that bundle of good which will maximize his utility which is the intersection of his indifference curve and the budget line. Indifference curve (IC) is the curve at which all the bundle of the goods gives same level of utility to the consumer and budget line is the diagrammatic representation of his income. The intersection of IC and budget line where both have same equal slopes gives maximum utility to the consumer. The utility derive by the consumer can decline or rise if there is a change in the income or the prices of the goods. It is important to note that IC is Convex to a origin and different goods have a different shape of IC, but there are some properties of IC which a student need to know to understand this topic-
Cost minimization- the sole objective of a producer is to minimize the cost and increase the profit after paying their dues to the factors of productions. It is one of the most important principal by which firms survives in the market by minimizing the cost better than its competitors without affecting the quality of the product.
Our economics instructors who have pioneering higher degrees in economics and many years of experience in teaching economics, they will help you by offering unique & well thoughts alternatives to your economics assignment problems. We satisfy you in serving the best quality of economics assignment help at a reasonable price.
Any help related to economics is just an email away and there is no problem which cannot be solved by expert economics tutors.
How may we help you?
Send us the problem on which the help is required and mention the deadline and we will make sure that your problem is solved right away and you are fully satisfied with our help. There are simple steps to get your economics assignments done online.
Latest technology based online tutoring platform - Get assistance in Economics courses
Tutorsglobe offers latest technology based online tutoring platform, fully embedded with all new and advanced features. We offer economics online tutoring assistance, based on digital board. Tutors at Tutorsglobe available 24x7 hours and you can schedule instant economics tutoring class anytime from anywhere. You can choose option for either instant tutoring - on demand economics topic or schedule tutoring according to your suitable timings. Online economics tutoring service covers all economics topics or sub-discipline (including macroeconomics, microeconomics, game theory, management economics, international trade economics and many more). You can find tutor for homework-assignment assistance as well through online tutoring. Many exciting tutoring packages are announced at pricing section and these are differing for different grade level from k-12 grade to college grade.
We at Tutorsglobe offer economics assignment help, economics homework help and economics projects & paper writing service with assurance of high standard quality and no plagiarism. We provide you guaranteed 100% plagiarism free and authentic solutions to your economics problems, assignment and homework. Our talented economists or experts have proven their excellence in this competitive market and they are trained for web environment. The best qualified and experienced economics experts are associated with us and providing their valuable service across the globe. We have gained precious market of students from UK, USA, Australia, Canada, UAE and Europe countries because of their excellence.
The portfolios of services in economics are
Why us for your economics writing services?
We not only just complete your project but also make sure that it is 100% unique with no room for plagiarism. The assignment will be very easy to understand and enhance your knowledge in economics, so that you can solve any similar assignment on the same topic next time. The understanding of the project and client satisfaction is our sole motive and we hope to have good long term relationship with our client.
the electron gun structure generates a beam of electrons which is accelerated in the direction of the target.
Mass Transfer Process tutorial all along with the key concepts of Modes of Mass Transfer, Mass transfer operations, Properties of Mixtures, Concentration of Species, Velocities, Diffusion Flux
tutorsglobe.com ortho phosphoric acid assignment help-homework help by online compounds of phosphorus tutors
A resource will only be considered as an asset and involved on the statement of financial position if it can be calculated in monetary terms, along with a appropriate degree of reliability.
tutorsglobe.com capital rationing assignment help-homework help by online capital budgeting and project planning tutors
tutorsglobe.com american art assignment help-homework help by online humanities tutors
tutorsglobe.com improved varieties assignment help-homework help by online biology in human welfare tutors
The adjustments are to be prepared through alignment screw driver. At the very first, the output IF transformer (detector) is to be tuned, and after that middle transformer and at last the input IFT should tuned.
Theoretical Perspectives of motivation tutorial all along with the key concepts of Instinct Theory, Sociobiological Perspective, Drive Theories, Incentive Theory, Maslow's Need Hierarchy, Maslow's Levels, Emotions and Theories of Emotion
Theory and lecture notes of Forecasting the Economy’s Destiny all along with the key concepts of forecasting the economy’s destiny, calculating balanced growth path and theory of economic growth. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Forecasting the Economy’s Destiny.
www.tutorsglobe.com offers substituted benzene homework help, substituted benzene assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
www.tutorsglobe.com offers software engineering approaches homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
tutorsglobe.com corynebacterium diphtheria assignment help-homework help by online medical bacteriology tutors
Nuclear Models tutorial all along with the key concepts of Liquid Drop Model, Shell model or independent particle model, Collective model, semi-empirical mass relation, fission of nuclides, Schrodinger's equation for nucleons
tutorsglobe.com non-competitive inhibition assignment help-homework help by online enzyme inhibitor-concepts tutors
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!