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We at Global web tutors provide expert help for Economics assignment or Economics home work. Our Economics online tutors are expert in providing homework help to students at all levels. Please post your assignment at support@globalwebtutors.com to get the instant Economics homework help. Economics online tutors are available 24/7 to provide assignment help as well as Economics homework Help.

Our Economics Assignment help tutors help with topics like Basic economic ideas Scarcity, choice and resource allocation,Meaning of scarcity and the inevitability of choices at all levels,(individual, firms, governments),Opportunity cost,Basic questions of what will be produced, how and for whom,Different allocative mechanisms,Market economies.

Some of the homework help topics include:

  • Planned economies
  • Mixed economies

Problems of transition when central planning in an economy is reduced,Production possibility curve – are considered very complex , shape and shifts,The margin: decision making at the margin,Positive and normative statements,Ceteris paribus,Factors of production: land, labour, capital, enterprise,Division of labour,Money: its functions and characteristics,barter,cheques,coincidence of wants,command economy 

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Help for complex topics like:

costs of production,division of labour,economic goods,economic growth,economic problem,entrepreneur,fixed capital,fixed capital formation,free goods,interest,investment,law (economic),liquidity,macroeconomics,market,market system,maximisation,measure of value,medium of exchange,microeconomics,needs,other things being equal,primary sector,production frontier,production transformation curve,resources

secondary sector

1. Basic economic ideas,specialisation,standard of deferred payments,store of wealth,tertiary sector,unit of account,value,judgement,wants,working capital,

2. The price system and the theory of the firm,The price system,Individual demand curves,Aggregation of individual demand curves to give market demand,Factors influencing demand,Movements along and shifts of a demand curve,Price, income and cross- elasticities of demand

Meaning and calculation,Factors affecting,Implications for revenue and business decisions,Firms’ supply curves,Aggregation of individual firms’ supply curves to give market supply,Factors influencing market supply, including indirect taxes and subsidies

Movements along and shifts of a supply curve,Price elasticity of supply: determinants, implications for speed/ease with which businesses react to changed market conditions,Interaction of demand and supply: equilibrium price and quantity,Meaning of equilibrium and disequilibrium,Effects of changes in supply and demand on equilibrium price and quantity

Applications of demand and supply analysis,Consumer surplus,Prices as rationing and allocative mechanisms ,ad valorem tax,change in demand,change in quantity demanded,complementary goods,composite demand,demand conditions,demand schedule,derived demand,direct taxation,disequilibrium,effective demand,elastic equilibrium,equilibrium price,equilibrium quantity,impact of tax,incidence of tax,income tax,inelastic inferior good,joint demand,joint supply,law of demand,law of supply normal good,perfectly elastic perfectly inelastic,perishability,price mechanism,rectangular hyperbola,specific tax,stocks,substitute goods,supply conditions,total revenue,unitary elasticity

Government intervention in the price system,Externalities,Social costs as the sum of private costs and external costs,Social benefits as the sum of private benefits and external benefits,Decision making using cost-benefit analysis,Private goods and public goods,Merit goods and demerit goods,Government intervention via maximum price controls, price stabilisation, taxes, subsidies, direct provision of goods and services,excise duties,external benefit,external cost free rider,government expenditure

imperfections,information failure ,negative externality,non-excludability,non-rivalness,positive externality

International Trade,Principles of absolute and comparative advantage, and their real-world limitations,Other explanations/determinants of trade flows

Opportunity cost concept allied to trade,Arguments for free trade and motives for protection,Types of protection and their effects,Economic integration: free trade area, customs union,economic union,Terms of trade,Components of the balance of payments,bilateral trade

capital account of balance of payments,comparative costs,current account of balance of payments,current transfers,deficit,dumping exports external balance,financial account of balance of payments,globalisation,imports,infant industry argument ,invisible balance,multilateral trade ,net errors and omissions

quota,sunrise/sunset industries,surplus tariff,trade creation,trade diversion,trading possibility curve,visible balance,Theory and measurement in the macroeconomy

Employment statistics,Size and components of labour force,Labour productivity,Definition of unemployment,Unemployment rate; patterns and trends in (un)employment

Difficulties involved in measuring unemployment,General price level: price indices,Money and real data,Shape and determinants of AD

Shape and determinants of AS,Interaction of AD and AS: determination of level of output prices and employment,base date claimant count,consumer price index,cost of living ,deflation dependency ratio,household expenditure,labourforce survey,nominal value,participation rate,real value

Retail Prices Index,weights,working population,Macroeconomic problems,Inflation,Definition of inflation; degrees of inflation,Causes of inflation,Consequences of inflation,Balance of payments problems,Meaning of balance of payments equilibrium and disequilibrium,Causes of balance of payments disequilibrium,Consequences of balance of payments disequilibrium on domestic and external economy,Fluctuations in foreign exchange rates

Definitions and measurement of exchange rates – nominal real trade-weighted exchange rates,Determination of exchange rates – floating, fixed, managed

float,Factors underlying fluctuations in exchange rates,Effects of changing exchange rates on the economy,anticipated inflation,appreciation ,cost-push inflation ,deflation,demand-pull inflation ,depreciation,devaluation,fiscal boost,fiscal drag,foreign exchange,hyperinflation,IMF,J-curve,Marshall-Lerner condition,menu costs,monetary inflation,purchasing power parity

Quantity Theory of Money,reflation,Revaluation,shoe leather costs,Stagflation,trade-weighted exchange rate,unanticipated inflation,velocity of circulation,wage drift

7. Macroeconomic policies,Policies designed to correct balance of payments disequilibrium or influence the exchange rate,Comment on possible conflicts between policy objectives on inflation, balance of payments and exchange rate,exchange controls,expenditure dampening ,expenditure switching,interest rate policy,trade-off(s)

Basic economic ideas,Efficient resource allocation,Concept of economic efficiency: productive and allocative efficiency,optimum resource allocation

The price system and the theory of the firm,Law of Diminishing Marginal Utility and its relationship to derivation of an individual demand schedule and curve,Equi-marginal principle

Limitations of marginal utility theory,Budget lines,Income and substitution effects of a price change.

(c) Short-run production function: fixed and variable factors of production, total product, average product and marginal product,Law of diminishing returns (Law of variable proportions)

(d) Demand for labour:meaning and factors affecting demand for labour,derivation of individual firm’s demand for a factor using marginal revenue product theory

Supply of labour – meaning and factors affecting supply,Net advantages and the long-run supply of labour,Wage determination under free market forces (competitive product and factor markets)

The role of trade unions and government in wage determination,Wage differentials and economic rent,average fixed cost,average variable cost,barriers to exit,cartel

closed shop,collective bargaining,decreasing returns,diseconomies of scale,economies of large dimensions,financial economies of scale

horizontal integration,immobility of labour,imperfect competition,increasing returns,industrial concentration,integration,marginal physical product,mobility of labour

monopsony,natural monopoly,non-pecuniary advantages,occupational mobility,paradox of value

Long-run production function ,Returns to scale,Economist’s versus accountant’s definition of costs,Marginal cost and average cost,Short-run cost function – fixed costs versus variable costs,Explanation of shape of SRAC

(i) Long-run cost function,Explanation of shape of LRAC,Relationship between economies of scale and decreasing costs,Internal and external economies of scale,Survival of small firms

Growth of firms,Relationship between elasticity, marginal, average and total

revenue for a downward-sloping demand curve,Concepts of firm and industry

(m) Traditional objective of firm – profit maximisation,Normal and abnormal profit

An awareness of other objectives of firm,Different market structures – perfect competition, monopoly,monopolistic, competition, oligopoly,Structure of markets as explained by number of buyers and sellers,nature of product, degree of freedom of entry and nature of

Information,Contestable markets

(o) Conduct of firms – pricing policy and non-price policy, including price discrimination, price leadership models and mutual interdependence in the case of oligopolies

(p) Performance of firms – in terms of output, profits and efficiency ,Comparisons with regard to economic efficiency, barriers to entry,price competition, non-price competition and collusion

pecuniary advantages,price agreements,risk-bearing economies of scale,sales maximisation

sales revenue maximisation,satisficing profits,second-best theory,shares,supernormal profit

technical economies,transactions demand for money

transfer earnings,vertical integration,

Government intervention in the price system,Sources of market failure,Meaning of deadweight losses,Market imperfections – existence of monopolistic elements,Objectives of government microeconomic policy: efficiency equity,Policies to correct market failure: regulation

Policies towards income and wealth redistribution,Effectiveness of government policies

Privatisation supply-side economics government failure

International Trade ,Theory and measurement in the macroeconomy

National income statistics,Use of national income statistics as measures of economic

growth and living standards,GDP deflator,Comparison of economic growth rates and living standards

over time and between countries,Other indicators of living standards and economic

development,Money supply,Broad and narrow money supply,Government accounts: government budget, deficit financing

(c) The circular flow of income between households firms,government and the international economy,Main schools of thought on how the macroeconomy functions –

Keynesian and monetarist,Aggregate expenditure function (AE),Meaning, components of AE and their determinants,Income determination using AE-income approach and withdrawal/ injection approach

Inflationary and deflationary gaps; full employment level of income versus equilibrium level of income

The multiplier Autonomous and induced investment; the accelerator,Sources of money supply in an open economy (commercial banks/credit creation, central bank, deficit financing, total currency flow),Relationship between money supply, price level and output as explained by the Quantity Theory of Money,The demand for money,Interest rate determination,Liquidity Preference theory and Loanable Funds theory,active balances at constant prices,average propensity

balanced budget,capital:output ratio,closed economy consumption,credit multiplier ,depreciation (of capital),dissaving

distribution of income,gross domestic product,gross national product,,dle balances,leakage liquidity trap,marginal propensity,National Debt,net domestic product,net national product,net property income from abroad,paradox of thrift,precautionary demand for money,quality of life,saving,speculative demand for money,yield,Macroeconomic problems

(a) Economic growth and development,Definition of economic growth and development,Indicators of comparative development and underdevelopment in the world economy – economic,monetary, non-monetary and demographic indicators

Characteristics of developing economies: population growth and structure, income distribution, economic structure,employment composition, external trade and urbanisation in developing economies, the nature of dependency, including the role of multi-national corporations and external debt

Actual versus potential growth in national output,Factors contributing to economic growth,Costs and benefits of growth, including using and conserving resources, Unemployment,Full employment and natural rate of unemployment,Causes of unemployment,Consequences of unemployment,Inter-connectedness of problems,Links between macroeconomic problems and their interrelatedness, for example

Relationship between internal and external value of money,relationship between balance of payments and inflation

Relationship between inflation and unemployment; trade-off between inflation and unemployment,birth rate,cyclical unemployment

death rate,demand-deficiency unemployment,frictional unemployment,general unemployment,migration,natural increase,optimum population

seasonal unemployment,structural unemployment,sustainability,technological unemployment,trade cycle,voluntary unemployment,Macroeconomic policies,Objectives of macroeconomic policy: stabilisation, growth,Policies towards developing economies; policies of trade and aid,Types of policy: aims and instruments of each policy; how each is used to control inflation, stimulate employment, stimulate growth and development, correct balance of payments disequilibrium; the effectiveness of each

Fiscal policy,Monetary policy,Exchange rate policy,Supply side policy

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Evaluating policy options to deal with problems arising from conflicts between policy objectives on inflation, unemployment,economic growth, balance of payments, exchange rates and the redistribution of income and wealth,automatic stabiliser,canons of taxation,marginal tax rates,open market operations,poverty trap,progressive taxation,proportional taxation,regressive taxation 

Economics

  • Economic behaviour, determinants of supply, determinants of demand, opportunity cost.
  • substitute goods, information in employment markets, signalling in employment markets.
  • free market economies, corruption, demand , equilibrium, substitute goods

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