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If the “invisible hand” has you hung up and supply and demand curves are driving you crazy, Chegg Tutors has experienced online Economics tutors who can help you understand even the toughest economic concepts. And the best part? Connecting with an Economics tutor at Chegg Tutors is fast and easy. So if you need help with your microeconomics homework in a hurry or price elasticity of demand is proving to be a tough concept to comprehend, make an appointment with an Economics tutor today.
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90%* of reviewed Economics lessons got a positive review.
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Excellent tutor - very helpful and knowledgable. Highly recommended for economics.
Perfect tutor for economics, I would not hesitate to recommend her!
Joseph is the best economics tutor you will find, hands down. He helped me easily breeze through my graduate level economics assignment with great detail and patience. Highly recommend!
“What is Economics?” in our tutors’ words:
Broadly, Economics is the study of the production and consumption of goods and services within an economy. This (very) general term can be broken down into it's two largest components, which are: Microeconomics and Macroeconomics. Microeconomics is the study of the behavior of individual economic agents (consisting of firms and individuals) in the roles of producers and consumers. Macroeconomics is what laymen tend to think of when given the term Economics, and that's the study of the economy. Essentially, it's an extrapolation of Micro theories to the large scale interactions of many agents. This is your inflation, your interest rates, and other stuff like that. Economics also consists of many other divisions within and outside of Micro and Macro. But, most importantly, Economics is a set of tools that allows you to make sense of the behavior of the people in the world.
Answered by Michael A.
Economics is the fascinating study of transactions. You participated in a transaction when you bought your phone. A business participates in a transaction when it purchases supplies. A government participates in a transaction when it collects taxes or purchases equipment. Transactions are everywhere! The economy is the overall collection of transactions made by individuals, businesses and governments. Because money is at the heart of everything in our modern society, if you understand how money is transferred between people and organisations, you understand much about how society works. This is what makes Economics so interesting!
Answered by James G.