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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Understand the functions of the individual entities of an economy
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Understanding the economy as a whole
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Econometrics
The amalgamation of Economics, statistics and mathematics
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Supply and Demand: Elasticity
Not only are we concerned with what direction price and quantity will move when the market changes, but we are concerned about how much they change. Elasticity is a tool to measure by how much a variable will change with there is change in another variable. We do have...
Supply and Demand: Market Mechanism/Equilibrium
Market Mechanism The Market Mechanism is the tendency in a free market for price to change until the Market Clears. Markets clear when Quantity Demanded equals Quantity Supplied at the prevailing price. Market clearing price. Price at which markets clears (Qs and Qd...
Supply and Demand: The Supply Curve
There are few things we need to consider before discussing the supply curve. Supply and demand analysis can: Help us understand and predict how real world economic conditions affect market price and production Analyze the impact of government price controls, minimum...