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.
Domains of Economics
Foundation of Economics
Learn the foundation of the subject of Economics
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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What is Inflation?
One of most common yet very very important topic of Macroeconomics which is also considered to be one of the fundamental economic issue that is “INFLATION”. A general definition of Inflation is Inflation is a rise in the general Price Level Remember, Inflation is not...
Perfect Competition: Profit Maximization in Short Run
There is a very basic concept of understanding Profit maximization either for Perfect Competition or another market model. For almost all markets, the concept is similar. Total Revenue If Q is output of the firm, Total Revenue is : Total Revenue = Price x...
Perfectly Competitive Market: Introduction
Although this type of market does not have a real or physical existence, yet it is most importantly used for understanding the Basic Market models of Economics. Let us discuss this topic step by step: Basic Assumptions of Perfectly Competitive Markets Price taker: The...