All that you need to know about Economics
Econtutorials is a hub of articles, notes, lectures, manuals and online courses of Economics that will guide you from its very basic terms to advance methods of solving quantitative problems.
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Microeconomics
Understand the functions of the individual entities of an economy
Macreconomics
Understanding the economy as a whole
Statistics
Learn the exact topics of statistics required for economic understanding
Econometrics
The amalgamation of Economics, statistics and mathematics
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Probability with examples
Probability Definition ”If an experiment can result in n equally likely, mutually exclusive and exhaustive outcomes and m of which are favorable to the occurrences of an event A, the probability that the event A will occur is given by the ratio m/n. Symbolically, the...
Sample Space in Statistics
Introduction The idea of probability is familiar to everyone. In our daily life we make statements such as the following; “It is likely to rain today.” “I will probably go abroad this year.” “I am almost sure that I will win this game.” “The probability that nuclear...
Aggregate Demand : Summary
Aggregate Demand We know that when it comes to people demand for money – there are 3 elements that has the ability to change the decisions of the individuals in either spending more or less. And these elements are: Income (Output) Interest rate (I) Price Level (P) In...