Economics Homework Help
Economics is about choice and is at the heart of all decision-making. Individuals, businesses and governments are all faced with making choices in situations where resources are scarce. As a result, Economics is applicable in a wide range of fields, including business & finance.
Economics is an important part of the curriculum subjects to those students who take courses like Business and Accountancy will help them on how to understand and be knowledgeable to determine the changes of the economic growth. Economics deals with two major streams:
- Microeconomics studies the behaviour of individual households and firms in making decisions on the allocation of limited resources. Another way to phrase this is to say that microeconomics is the study of markets.
- Macroeconomics is generally focused on countrywide or global economics. It studies involves the sum total of economic activity, dealing with the issues such as growth, inflation, and unemployment.
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An Economics homework help topics includes:
- Law of demand and supply
- Equilibrium price
- Marginal benefit and marginal costs analysis
- Consumer surplus and producer surplus
- Types of markets – perfect competition, monopolistic competition, oligopoly and monopoly.
- Impact of taxes, subsidies, quotas,
- Organizing production
- Demand and supply in factor market
- Monitoring cycles, jobs and price level.
- Aggregate supply and aggregate demand
- Money, banks and Federal reserve
- Money, interest, real GDP and price level.
- Inflation and Deflation
- Monetary Policy
- Fiscal policy