Economics Assignment Help
Economics Assignment Help From Economics Academic Experts
Most of the people assume that Economics is all about money. But the word Economics cannot be confined to the monetary transactions. It is more about making the best choice out of all the alternatives that you have. Hence, the study of Economics provides knowledge on the use of resources in the best possible way. Below are some of the definition that provides an idea about this subject.
“The Science which studies human behavior as a relationship between ends and scarce means which have alternatives uses” by Lionel Robbins.
“An inquiry into the nature and causes of the wealth of the nations” by Adam Smith.
Hence, there are many such definitions on Economics that are explained differently. The summarized view on Economics provided by our online Economics expert tells that it is the optimal use of resources to fulfill consumer's demand.
If you are looking for Economics assignment writing help services, you are in the right place. We provide you Economics assignment solutions on all the assigned topics of this subject. Our team of magnificent Economic tutors will provide solutions to your doubts. Whether you are confused about the theory of demand and supply or your concept on consumer behavior is still blurred, our online tutors will explain it to you in simple terms. Sometimes going through each and every-line of Economic text-book can be tedious and probably you might not be willing to read each line. So, our online tutors will summarize the topic for you to outlining all the important points. They have completed years of educational journey and have acquired a professional degree in this field. They are efficient to solve queries and provide you Assignment Help on time.
Before going for the depth study of this subject, it is important to understand the 4 basic concepts that are applied to every topic of Economics. Hence, our online tutors have briefly described these 4 key concepts.
List of the Topics on which Our Experts can provide you Economics Assignment Help with
Scarcity is the fundamental concept in Economics. It refers to the availability of limited resources to satisfy our unlimited needs. Explicitly, resources like manpower, technology, money, and raw materials are limited but our needs and demands are unlimited. So, studying Economics helps to make an appropriate decision regarding how to use these resources in order to meet the demand of consumers. The knowledge of this subject helps us discover the reasons for such a decision. It also provides an idea of making proper decisions by researching the need of the present market. Take the example of Strawberries production. Lots of strawberries are produced for 6-8 months in a year. Some prefer strawberry jam, some prefer preserved juices of strawberry whereas there are many who prefer raw strawberry. But among several only one product can be produced in an extensive manner because of the limited availability of strawberry. So, how to decide which product should be produced more than the other? Hence, knowledge can be gained by the study of Economics. Our online Economics tutors provide Economics course answers to help to elaborate on the concept of scarcity with some fresh examples.
Supply and demand
Supply and demand is the main pillar of the market economy. Demand refers to the quantity of a product that people want to buy at a particular price whereas supply refers to the availability of products that suppliers are ready to sell at a certain price. Hence, the theory of supply and demand explains how the price for a particular good is fixed. Take an example: If the demand for strawberries increases then suppliers must produce more of it to meet the demand. But with an increase in demand, prices will rise proportionally. On the other hand, if the price rises, the demand tends to lower down and hence suppliers must lower the price to sell strawberries. There are certain products that have no alternative and hence even-after a hike in price, consumers still purchase the product. This is just an overview of this concept. To get a simple yet proper explanation to it, contact our online Economics expert. We also provide Economics help on all the topics segmented under this theory of economics. Our online service in Economics will provide you answer on consumer behavior towards the market economy. Our online Economic expert also provides Economics project help for any market product. They will research the product and provide you the details clarifying the economical concept of its demand and supply in the present market.
Cost and benefit analysis
Cost and benefit analysis involves reaching an optimal solution by comparing the costs and benefits of various alternatives in order to maximize profitability. Economic professionals have further described cost and benefit analysis with an example. Suppose that a company (XYZ) sends one of its members every day to get the printout done. After a period of time, they find this task tedious and hence, XYZ plans to purchase a printer. Now, the members of XYZ will perform cost and benefit analysis. Here, they will calculate the cost for sending its members for the printout and that of buying a printer. At this point, they will also consider hidden costs in both these situations. Hence, if the cost of purchasing a printer is equal to the cost of sending one of its members for printout (also called equilibrium) or if the cost of sending the member is higher than purchasing a printer, it will prefer buying a printer over sending its member for printout. Hence, Cost and benefit analysis considers qualitative as well as quantitative aspects for an examination of monetary value for a project or any investment. If you need Economics homework with some good examples of cost and benefit analysis, you can contact our online Economic tutors and get your work done on time.
Incentives are the source of motivation to follow your preference in Economical sector. Incentives can be of two types: Extrinsic incentives and intrinsic incentives. Extrinsic incentives originate from outside the person and motivate him to accomplish the task. Like if a company wants to increase the production of certain goods (e.g. Strawberry jam) from 500 bottles to 1000 bottles per day, it will announce a bonus for the worker if they produce 1000 bottles every day. So, at this point bonus becomes the source of motivation for the workers. This is extrinsic incentives. It basically involves price or money in the form of discount, bonus, sale, reward, etc. Intrinsic incentives are the internal feeling of satisfaction for the work. Take an example: if your work brings positive change in the field you are employed, you will feel good and satisfied. These are intrinsic incentives that motivate you to work harder.
If you are looking for Economics assignment writing assistance on any of these areas, join our online Assignment Help site. Our experts will do your Economic assignment that will include all the information that you ask for in your assignment.
Two Mejor Types of Economics Assignment Help From Academic Experts
Economics can be classified into two broad areas of study i.e. Microeconomics and Macroeconomics.
It is a major area in Economics that deals with the behavior of a single unit (an individual or a business firm). Explaining it further, this area helps us examine the market behavior of a firm or an individual consumer in order to learn the decision-making process. Hence, the study of Microeconomics broadens our knowledge on the process of interaction with individual buyers and sellers to learn about the elements that stimulate their choices. The concept of microeconomics is mostly concerned with smaller pictures related to individual behavior. So, in this area of Economics, we study about product pricing, factor pricing, the study of firms, and many more. We will provide you details of the desired topic in the simplest form. You can even buy assignment from our online portal on the given topic of your Economics assignment.
Macroeconomics, on the other hand, focuses on the bigger picture to determine the decision-making process. It includes the national economy, regional economy, or the global economy. Hence, this area draws our attention to the collective supply of goods and services to determine price, inflation, GDP, unemployment, etc. We study the general price level, investment and savings, Economic growth, and many more. Economic writers have highlighted the differences between these two areas of Economics.
Difference between Microeconomics and Macroeconomics
|1. The study of Microeconomics is concerned with the behavior of the individual units.||1. The study of Macroeconomics is concerned with the behavior of the economy as a whole.|
|2. Termed as ‘Price theory’||2. Termed as ‘Income Theory’.|
|3. Deals with the issues that disturb an individual or company. Like Opportunity cost, demand, and supply, etc.||3. Deals with the issues that disturb the entire country like unemployment, inflation, price, etc.|
|4. Unrealistic assumptions are made.||4. ‘Fallacy of Composition’ is involved which doesn’t turn out to be true because not necessarily, the things that are true for aggregate are also true for the individual.|
Get Econonomics Assignment Help Through Online Tutoring and Guided Sessions at MyAssignmentHelp
It is obvious that when you are pursuing economics in your undergraduate level or continuing with the subject at the postgraduate level, you are given assignments on different topics. Before working on your assignment, it is important for you to understand the basic concept of incentives, opportunity cost, marginal considerations, etc. These concepts are required to solve the economical problem of the real-world as well. But if you haven’t yet understood these topics well, our online tutors will help you to get a clear picture on any topic you need.
Economics assignment writing help is provided to you by our online Economics tutors on all the subjects like Macroeconomics, Microeconomics, the theory of demand and supply, and many more.
Top Reasons why you should get the required Economics Assignment Help from us
- Our customer support team is available 24/7 to help the students related to any query regarding your economics assignments.
- We have experienced and Ph.D. certified academic writers who can handle any kind of economics assignment, urgent homework, or any academic writing related to economics.
- Our writers provide high-quality writing content for your assignment at affordable rates. No additional cost is involved in our assignment writing service.
- We also use the plagiarism-checker software “Turnitin” and therefore every content we deliver is error-free and 100% original. We also send the plagiarism-free report with your assignment.
- You can also contact us if you need to make any further revision or change on the assignments. We provide unlimited free revisions on all the assignments. We never take any extra charges for any kind of modification.
- Our payment methods are safe and secure. We never share any details to any third parties.
- Our economics experts are capable of writing all types of assignments in any of the referencing styles i.e. Harvard, MLA, APA, Oxford, Turabian, and others.
So are you still stressed about your Marketing assignment? Don’t worry! Just contact us right now via live chat or e-mail to score excellent grades in your economics assignment.
Topics in Economics Homework Help covered by Economics Experts
- Consumerism Impact and Evolution.
- America’s Economic Structure’s Critical Overview.
- Economics as a science.
- Illegal Immigration affecting a country’s economy.
- Brazil’s Economic Structure’s Critical Overview.
- Interest rate as a political factor in an organization.
- Evaluation of China’s Trade Policies and Economy.
- Impact of Unemployment in today’s economy.
More list of some significant Economics Assignment Help topics:
If you have a project pending in Economics or a query yet to be solved; ask our online Economic tutors and they will immediately complete it for you. Best and reliable Economics Assignment Help and much more to learn in economics. Talk to our economics expert now.