by Ava Smith
Published Wed, Aug 9th 2017, 14:20 | Education
Economics is one of the ancient and the most influential subject of intellectual disciplines. The word economics is derived from ancient Greece. The subject economics teaches a student about land, labor, capital and entrepreneurship. Via studying this student can develop knowledge about standard of living, income inequality, the productivity of labor and economic growth. The main branches of economics are:
• Microeconomics
• Macroeconomics
• Statistics for Economics
• Mathematics for Economics
• Development theory
• International Economics
• Public Economics
• Applied Economics
Among the above-discussed domains, two of the most popular domain of economics are
• Microeconomics
• Macroeconomics
1. Principles of Microeconomics
It is regarded as one of the main brand of economics. It starts with methodology of normative and positive economics and the gradually enters into the core of microeconomics via discussing other opportunity cost, efficiency, marginal changes, market economics, market failure, externality and market power. It also explains interdependence and the gains from trade. Then come market adjustments where it discusses the market economics, concept of market and different goods. Via studying this branch of economics student come across market sensitivity and supply elasticities. It also throws light on government intervention, the concept behind utilitarian approach, market welfare, market failure and conflicting/complementary roles of market and government.
2. Principles of Macroeconomics
It is somewhat different from microeconomics and discusses the circular flow explication, flow statistics, stock statistics, consumption and capital stock. It also discusses determinants of consumption, history of economics, economic growth, public policies, foreign investment, issues related with unemployment and momentary institutions. By studying this portion of economics, the student can define and measure inflation rate, CPI and GNP deflator and can correct economic variables from inflationary effects.
However, the subject economics though seems interesting but the theory is complicated. It requires brainstorming calculation, graphical representation, pi charts, and bar diagrams. Many student though memorize the theory but when comes in implementing these theories via mathematical calculations, they become scared. The reason behind this is, they are not well accustomed with the concept and do not known how to do the calculation. In such cases economic assignments are bound to challenge the students. In that case, they can seek economics homework help from the experts. Apart from hiring an economics homework help expert, they must also follow certain practice while doing economics assignments
• Early preparation
Economics is a complex subject so, it is better to start preparing for the assignment. Planning ahead will protect the student from a lot of stress and hassle.
• Rigorous reading
If the student lack knowledge about the subject then assignment becomes difficult. In fact, the student may even feel like giving up on the assignment just because they do not have a clear idea regarding what to write. However, the economics homework help experts are of the opinion that if the students read up extensively, they will not have to face dearth of knowledge scenario.
Proper selection of the topic
The worst thing that can happen while doing an economics assignment is that the student may end up with a topic over which they cannot even write a single word. Hence, they should choose their topic wisely. In order to choose the topic properly, a student must ask these following questions to them
• Does the topic interest me?
• Does it have adequate information available on it?
• Is it an often used topic or one that is fresh and unique?
• Can I easily write on this topic?
• Evaluation of the information before including it
Not all the information available online will be relevant to the approach or the topic of the assignment. The student needs to exercise their caution before stuffing the assignment paper with truckloads of data. In order to avoid ghost referencing, the student must cite information from the peered reviewed journals, latest edition books and government websites.
Proper proofreading of the assignment
No matter how great an assignment, proof reading is a must. An assignment full of typos, grammatical errors, spelling mistakes, formatting error, improper positioning of punctuation will lead to poor marks. Moreover, this will cast a negative impression on the examiner.