economy homework

StudyMonkey

Your personal ai economics tutor.

Learn Smarter, Not Harder with Economics AI

Introducing StudyMonkey, your AI-powered Economics tutor .

StudyMonkey AI can tutor complex Economics homework questions, enhance your essay writing and assess your work—all in seconds.

No more long all-nighters

24/7 solutions to Economics questions you're stumped on and essays you procrastinated on.

No more stress and anxiety

Get all your Economics assignments done with helpful answers in 10 seconds or less.

No more asking friends for Economics help

StudyMonkey is your new smart bestie that will never ghost you.

No more staying after school

AI Economics tutoring is available 24/7, on-demand when you need it most.

Economics is a social science that studies the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.

AI Tutor for any subject

American college testing (act), anthropology, advanced placement exams (ap exams), arabic language, archaeology, biochemistry, chartered financial analyst (cfa) exam, communications, computer science, certified public accountant (cpa) exam, cultural studies, cyber security, dental admission test (dat), discrete mathematics, earth science, elementary school, entrepreneurship, environmental science, essay writer, farsi (persian) language, fundamentals of engineering (fe) exam, gender studies, graduate management admission test (gmat), graduate record examination (gre), greek language, hebrew language, high school entrance exam, high school, human geography, human resources, international english language testing system (ielts), information technology, international relations, independent school entrance exam (isee), lesson planner, linear algebra, linguistics, law school admission test (lsat), machine learning, master's degree, medical college admission test (mcat), meteorology, microbiology, middle school, national council licensure examination (nclex), national merit scholarship qualifying test (nmsqt), number theory, organic chemistry, project management professional (pmp), political science, portuguese language, probability, project management, preliminary sat (psat), public policy, public relations, russian language, scholastic assessment test (sat), social sciences, secondary school admission test (ssat), sustainability, swahili language, test of english as a foreign language (toefl), trigonometry, turkish language, united states medical licensing examination (usmle), web development, step-by-step guidance 24/7.

Receive step-by-step guidance & homework help for any homework problem & any subject 24/7

Ask any Economics question

StudyMonkey supports every subject and every level of education from 1st grade to masters level.

Get an answer

StudyMonkey will give you an answer in seconds—multiple choice questions, short answers, and even an essays are supported!

Review your history

See your past questions and answers so you can review for tests and improve your grades.

It's not cheating...

You're just learning smarter than everyone else

How Can StudyMonkey Help You?

Hear from our happy students.

"The AI tutor is available 24/7, making it a convenient and accessible resource for students who need help with their homework at any time."

"Overall, StudyMonkey is an excellent tool for students looking to improve their understanding of homework topics and boost their academic success."

Upgrade to StudyMonkey Premium!

Why not upgrade to StudyMonkey Premium and get access to all features?

If you're seeing this message, it means we're having trouble loading external resources on our website.

If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked.

To log in and use all the features of Khan Academy, please enable JavaScript in your browser.

Microeconomics

Unit 1: basic economic concepts, unit 2: supply, demand, and market equilibrium, unit 3: elasticity, unit 4: consumer and producer surplus, market interventions, and international trade, unit 5: consumer theory, unit 6: production decisions and economic profit, unit 7: forms of competition, unit 8: factor markets, unit 9: market failure and the role of government.

• For Parents
• For Educators
• Our Work and Impact
• About Digital Citizenship
• Digital Citizenship Curriculum
• Digital Citizenship (U.K.)
• Lesson Collections
• All Lesson Plans
• Digital Life Dilemmas
• SEL in Digital Life Resource Center
• Implementation Guide
• Toolkits by Topic
• Digital Citizenship Week
• Digital Connections (Grades 6–8)
• Digital Compass™ (Grades 6–8)
• Digital Passport™ (Grades 3–5)
• Social Media TestDrive (Grades 6–8)

AI Literacy for Grades 6–12

• All Apps and Websites
• Curated Lists
• Best in Class
• Common Sense Selections
• About the Privacy Program
• Privacy Evaluations
• Privacy Articles
• Privacy Direct (Free download)
• AI Movies, Podcasts, & Books
• Learning Podcasts
• Movies to Support SEL
• Internet Safety
• Books for Digital Citizenship
• ChatGPT and Beyond
• Strategies for Shocking News
• Digital Well-Being Discussions
• Supporting LGBTQ+ Students
• Offline Digital Citizenship
• Teaching with Tech
• Movies in the Classroom
• Social & Emotional Learning
• Digital Citizenship
• Tech & Learning
• News and Media Literacy
• Browse Events and Training
• Modeling Digital Habits Teacher Training
• Digital Citizenship Teacher Training
• Student Privacy Teacher Training
• Common Sense Recognized Educators
• Common Sense Education Ambassadors

Training Course: Modeling Digital Habits

Earn your Common Sense Education badge today!

• Family Engagement Toolkit
• Digital Citizenship Resources for Families

Family Tech Planners

Family and community engagement program.

• Workshops for Families with Kids Age 0–8
• Workshops for Middle and High School Families
• Kids and Tech Video Series

• Get Our Newsletter

Best Economics Websites and Apps for Students

For social studies, few topics are as essential, or as difficult to get a grip on, as economics. These games and sites help break down how the U.S. economy -- and its budgets -- work. There's a heavy emphasis on systems thinking, showing students that economics affects just about everything (for better and worse) from policy to people. On this list you'll find videos that break down the most difficult concepts, games that feature tough ethical decisions, and lessons that highlight how the economy is connected to poverty and social justice. 

BrainPOP Jr.

Original videos and activities a treasure trove for teachers and students

Bottom Line : A unique, video-driven learning platform with tons of topics and resources.

Flexible, deep financial resource a starting point for all grades

Bottom Line : EconEdLink includes an up-to-date and comprehensive list of economics and finance topics, but it will take some browsing to find the right lessons for your classroom.

Khan Academy

Flexible learning environment offers goal-oriented personalized pathways

Bottom Line : A robust resource for targeted, individualized instruction in most standardized subject areas.

Learning for Justice

Thought-provoking classroom resources support diversity education

Bottom Line : It's an invaluable teacher tool to help reduce prejudice and encourage tolerance in schools, as well as within society as a whole.

Clever animated hosts Tim and Moby masterfully tackle complex topics

Bottom Line : This extensive collection's videos and games break down ideas in a straightforward and thoughtful way.

People's Pie

Federal budget game's challenge delivers powerful message

Bottom Line : Federal budgeting -- and its unique ethical and mathematical balancing act -- fits game-based fiddling and strategizing well, but expect a challenge.

Support kids' sense of wonder with outstanding short video lessons

Bottom Line : TED-Ed includes excellent, engaging videos and support for flipped-class lessons with an incredible community of thinkers and doers.

You can bet on business and finance being interesting for teens

Bottom Line : Biz Kid$ is a great introduction to financial literacy, with linked activities as well as frequently updated interactive video clips and a blog.

Zinn Education Project

Resources, lessons help teach a more inclusive version of U.S. history

Bottom Line : Free downloadable resources encourage critical thinking and active learning in search of a more accurate picture of American history.

Build-a-lot

Financial management made fun via real estate-themed building sim

Bottom Line : Fiscal responsibility, city planning, and budget management are taught in a casual and engaging way.

Provocative, first-person look at poverty builds empathy

Bottom Line : It'll need some scaffolding, but for students ready for the subject matter it's a great -- if sobering -- way to illustrate to students the daily realities and struggles of poverty in America.

Stop Disasters!

Slick sim explores global natural disasters

Bottom Line : Few other browser-based sims better illustrate the potential of gaming for learning about serious issues in our world.

Democracy 3

Nuanced political sim about the balancing act of government

Bottom Line : This is a grown-up civics sim, full of tough choices, compelling cause and effect relationships, and controversial issues that will work best for older government students.

We the Economy

Explore big questions about the economy with collection of short films

Bottom Line : Detailed films can help raise awareness about economic issues that are often ignored or misunderstood.

Related Content

This site uses various technologies, as described in our Privacy Policy, for personalization, measuring website use/performance, and targeted advertising, which may include storing and sharing information about your site visit with third parties. By continuing to use this website you consent to our Privacy Policy and Terms of Use .

   COVID-19 Update: To help students through this crisis, The Princeton Review will continue our "Enroll with Confidence" refund policies. For full details, please click here.

• Homework Help
• Find a Tutor
• How It Works
• Pre-Med GPA Booster
• Need a test prep tutor? Call us: 888-231-7737

Economics Homework Help

With so many facets of what makes up economics it can be difficult to comprehend your homework, let alone doing the problems correctly. Brush up on the calculus needed to derive your cost function, or talk to someone that can explain the concept of Cobb-Douglas in layman's terms. Whether it's micro or macro, we can connect you with a tutor that knows how to help you with your economics homework.

Expert Economics Homework Help

24/7 Online Classroom Access

On the go or at home economics homework help is available. No matter where you are or what time it is feel relieved knowing you can shoot a quick question to an expert or set up weekly sessions to review material covered in lecture. Our online classroom hosts an interactive whiteboard where students and tutors can file share, upload documents and send instant messages to get the most out of their tutoring sessions. Students can also review past sessions if they want to reference a graph that their tutor made explaining the Philips Curve, or ask for additional exercises to get extra practice after the session is over.

Get Better Econ Grades

Make econ easier and get the grades you know you're capable of.  Get economics homework help now .

Free MCAT Practice Test

I already know my score.

MCAT Self-Paced 14-Day Free Trial

Enrollment Advisor

1-800-2REVIEW (800-273-8439) ext. 1

1-877-LEARN-30

Mon-Fri 9AM-10PM ET

Sat-Sun 9AM-8PM ET

Student Support

1-800-2REVIEW (800-273-8439) ext. 2

Mon-Fri 9AM-9PM ET

Sat-Sun 8:30AM-5PM ET

Partnerships

• Teach or Tutor for Us

College Readiness

International

Advertising

Affiliate/Other

• Enrollment Terms & Conditions
• Accessibility
• Cigna Medical Transparency in Coverage

Register Book

Local Offices: Mon-Fri 9AM-6PM

• SAT Subject Tests

Academic Subjects

• Social Studies

Find the Right College

• College Rankings
• College Advice
• Applying to College
• Financial Aid

School & District Partnerships

• Professional Development
• Advice Articles
• Private Tutoring
• Mobile Apps
• International Offices
• Work for Us
• Affiliate Program
• Partner with Us
• Advertise with Us
• International Partnerships
• Our Guarantees
• Accessibility – Canada

Privacy Policy | CA Privacy Notice | Do Not Sell or Share My Personal Information | Your Opt-Out Rights | Terms of Use | Site Map

©2024 TPR Education IP Holdings, LLC. All Rights Reserved. The Princeton Review is not affiliated with Princeton University

TPR Education, LLC (doing business as “The Princeton Review”) is controlled by Primavera Holdings Limited, a firm owned by Chinese nationals with a principal place of business in Hong Kong, China.

Recommended for you

What is the difference between endogenous and exogenous variables, considering the determinates of demand.

How to calculate marginal costs and benefits (from total costs and benefits), and how to use that information to calculate equilibrium, how to draw a ppf (production possibility frontier).

The five fundamental principles of economics, basic terms we need to know in order to move on.

What happens to price if both demand and supply increase at the same time?

Ask a question (search this site)

Common topics, popular posts.

Ask a question

• Military Families

The official provider of online tutoring and homework help to the Department of Defense.

Check Eligibility

Higher Education

Improve persistence and course completion with 24/7 student support online.

How it Works

Public Libraries

Engage your community with learning and career services for patrons of all ages.

Corporate Partners

Support your workforce and their families with a unique employee benefit.

Get Started

Tutor.com is now part of The Princeton Review !    Learn more

• Testimonials
• Become a Tutor

Master Econ with Our Online Tutoring

Understanding economics is not just about reading graphs and charts – it’s comprehending difficult concepts such as elasticity of demand and opportunity cost. Are you having trouble writing econ essays? Get the immediate help you need from our expert economics tutors. From monopoly output to supply and demand, our expert econ tutors can provide the personalized, one-to-one econ help you need to ace your next exam.

Economics Homework Help

Our econ tutors are available 24/7. Whether you only need help with one homework problem or you need help developing better long-term study habits, our tutors can help you with whatever you need. Don’t stress about calculating nominal GDP on your own—our expert online economics tutors can help you solve the problems you are struggling with on your own time and at your own pace.

Our Stress-Free Online Classroom

If you feel like you’re falling behind in your economics class, get up to speed with one of our expert economics tutors in our online classroom. Our interactive white board makes solving game theory and elasticity problems a breeze! You and your tutor can even go over practice problems and previous exams using our file-sharing tool to ensure you won’t make the same mistakes again. You can work together to solve problems in real time, and you’ll leave your session feeling relieved and confident.

Learning Economics Can be Easy

Understanding supply and demand has never been this easy! Get all the econ help you need at your convenience with Tutor.com and never let those tricky economics concepts confuse you again. For better test scores and all the economics help you need, find an econ tutor online now .

• Our Company
• Homework Resources
• Social Studies
• SAT/Test Prep

Proudly Serving

• Colleges & Universities

For more information call us at:

800-411-1970

• Learn Economics
• Teach High School
• Teach University
• We're Hiring
• Student Account
• Educator Account

Courses See all

Principles of economics: microeconomics, principles of economics: macroeconomics.

• Mastering Econometrics

Money Skills

Development economics, series see all, everyday economics, nobel conversations, economists in the wild, women in economics, interactive practice see all.

• Supply and Demand

The Best Econ News Articles

Free high school teacher trainings, high school teaching resources see all.

• High School Economics
• AP Microeconomics
• AP Macroeconomics
• Personal Finance
• Lesson Plans

Interactive Practice

• Assessments

University Teaching Resources See all

• Principles of Microeconomics
• Principles of Macroeconomics
• Assignments

Learn Economics,

Understand Your World.

Top Courses and Series

Mastering Econometrics with Joshua Angrist

Most Popular Teaching Resources

• News Articles and Media

Econ in the News: Weekly Email of Real-World Econ Examples in the News!

• High School

Supply, Demand, and Equilibrium Unit Plan

Intro to Economics Unit Plan

Monetary Policy Unit Plan

Career Readiness and Budgeting for the Age of AI Unit Plan

Money and Inflation Unit Plan

GDP: A Measure of Economic Health Unit Plan

Intro to Globalization Unit Plan

International Trade Unit Plan

Price Ceilings and Price Floors Unit Plan

Supply, Demand, and Equilibrium Assessment Questions

Principles of Macroeconomics Test Bank

Principles of Microeconomics Test Bank

Most Popular Videos

Avengers: The Story of Globalization

Introduction to Microeconomics

The Demand Curve

Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?

The Hockey Stick of Human Prosperity

When in India, Get a Haircut

Indifference Curves

Game of Theories: The Great Recession

Public Goods and Asteroid Defense

Cowen/Tabarrok: Is Education Signaling or Skill Building?

Introduction to the Solow Model

Price Ceilings

How Expert Are Expert Stock Pickers?

LATEST RESOURCE:

New Interactive Practice: Types of Goods

What type of good is this? In this interactive, identify whether a good is private, public, a club good, or a common resource based on whether the good is rival and/or excludable.

UPDATED CURRICULUM:

Supply, Demand, and Equilibrium Unit Plan!

Enhance your teaching of supply and demand with two additional days, now offering a full week of engaging videos, games, and interactive exercises!

LATEST CURRICULUM:

Intro to Globalization Unit Plan!

Teach globalization with this free 3-day unit plan that features our awesome videos, real-world data, Google slides, and science-of-learning techniques.

NEW CURRICULUM:

Price Ceilings and Floors Unit Plan!

Teach price ceilings and price floors with this free three-day unit plan that uses videos, interactive games, real-world examples, Google slides, and science-of-learning techniques.

NEW RESOURCE:

New Interactive Practice: Graph a Supply Curve

Help your students understand the basics of building a supply and demand graph! They'll learn to label the price and quantity axes, then practice using a supply schedule to draw a supply curve. 

Monetary Policy Unit Plan!

Teach monetary policy with this free five-day unit plan that uses videos, interactive games, real-world examples, Google slides, and science-of-learning techniques.

New Interactive Practice: Federal Reserve: Dual Mandate

How does a change in the administered rate filter out through the rest of the economy? In this interactive, see how the Fed hopes to influence the economy in theory through an interest rate change. Real-life cases are then shown to emphasize the difference between theory and reality.

New Interactive Practice: Market for Reserves (Limited)

Use the reserve market model to understand how the Federal Reserve can influence the Fed Funds Rate in the limited reserve environment.

LATEST VIDEO:

Elasticity of Supply: Do Gun Buybacks Work?

What happens when a new buyer enters a market with a perfectly elastic supply curve? A supply and demand graph tells the tale: the quantity sold increases, without impacting the equilibrium price. In this new Principles of Microeconomics video, Alex Tabarrok uses this elasticity model to explore the real-world effects of local gun buybacks in the US.

Elasticity of Supply: Why Housing is Unaffordable

Why are houses and apartments so expensive in some big cities? In this new Principles of Microeconomics video, Alex Tabarrok uses the elasticity of supply to explain why prices are soaring in some urban hotspots.

Opportunity Cost and Tradeoffs

Opportunity cost and tradeoffs are two fundamental concepts from economics and they are all around us. In this new Principles of Microeconomics video, Tyler Cowen shares the definition of opportunity cost: the value of your next best alternative.

New Interactive Practice: Graph a Demand Curve

Help your students understand the basics of building a supply and demand graph! They'll learn to label the price and quantity axes, then practice using a demand schedule to draw a demand curve.

Intro to Economics Unit Plan!

Do you teach high school economics? This free five-day unit plan uses videos, interactive games, real-world examples, Google slides, and science-of-learning techniques to introduce economics to your students.

Career Readiness and Budgeting for the Age of AI Unit Plan!

Do you teach high school economics? This free five-day unit plan uses videos, interactive games, real-world data, Google slides, LLMs, and science-of-learning techniques to help your students understand how to choose a career in a globalizing and automating world.

New Interactive Practice: Price Ceilings

What are the effects of a price ceiling? This set of interactive questions uses engaging examples to help students identify changes in consumer and producer surplus on a supply and demand graph due to a price ceiling.

NEW RESOURCE:

New Interactive Practice: Price Floors

What are the effects of a price floor? This set of interactive questions uses engaging examples to help students identify changes in consumer and producer surplus on a supply and demand graph due to a price floor.

New Interactive Practice: Consumer and Producer Surplus

How are consumers and producers affected by changes in market prices? This set of interactive questions helps students identify changes in consumer and producer surplus on a supply and demand graph.

NEW CURRICULUM:

Money & Inflation Unit Plan!

Do you teach high school economics? This six-day unit plan introduces inflation to students with a variety of interactive exercises and real-life examples.

New Interactive Practice: International Trade with Tariffs

Who gains and who loses from a tariff? This interactive helps students understand changes in consumer and producer surplus due to a tariff.

New Interactive Practice: Calculating Inflation

When adjusting for inflation, were Air Jordans actually cheaper back in the day? Have your students practice calculating inflation with real-world examples and rapid feedback.

Josh Angrist: Did You Drive for Uber?

Josh Angrist has worn many hats: MIT professor, ‘Metrics Master, Nobel Laureate, Uber Driver…

You read that right – Josh used to drive for Uber! Find out why in this fun Q&A video, where he explores some lessons learned from his on-the-ground research.

The Top 5 News Articles & Media by Topic

Check out the best videos, podcasts, and news articles that we have found to teach topics like supply and demand, inflation, and more!

Play Economics: The Top Five Economics Games (In-Person)

We surveyed economics teachers around the world, and here are their favorite in-person games (e.g., you play them "live" in-class) for economics classes!

UPDATED RESOURCES:

New Assessment Questions!

It’s almost midterm time! Are you ready? Whether you’re looking for ways to gauge students on their knowledge of supply and demand, GDP, or international trade, we have you covered! Our questions are high quality and only accessible to verified educators. ✅

The Demand Curve Shifts

What are the factors that cause the demand curve to shift to the left or to the right? What does it mean when demand shifts? This video looks at real-world examples of some important demand shifters.

In order to continue enjoying our site, we ask that you confirm your identity as a human. Thank you very much for your cooperation.

• Professional
• International

Select a product below:

• Connect Math Hosted by ALEKS
• My Bookshelf (eBook Access)

Sign in to Shop:

My Account Details

• My Information
• Security & Login
• Order History
• My Digital Products

Log In to My PreK-12 Platform

• AP/Honors & Electives
• my.mheducation.com
• Open Learning Platform

Log In to My Higher Ed Platform

• Connect Math Hosted by Aleks

Business and Economics

Accounting Business Communication Business Law Business Mathematics Business Statistics & Analytics Computer & Information Technology Decision Sciences & Operations Management Economics Finance Keyboarding Introduction to Business Insurance & Real Estate Management Information Systems Management Marketing

Humanities, Social Science and Language

American Government Anthropology Art Career Development Communication Criminal Justice Developmental English Education Film Composition Health and Human Performance

History Humanities Music Philosophy and Religion Psychology Sociology Student Success Theater World Languages

Science, Engineering and Math

Agriculture & Forestry Anatomy & Physiology Astronomy & Physical Science Biology - Majors Biology - Non-Majors Chemistry Cell/Molecular Biology & Genetics Earth & Environmental Science Ecology Engineering/Computer Science Engineering Technologies - Trade & Tech Health Professions Mathematics Microbiology Nutrition Physics Plants & Animals

Digital Products

Connect® Course management ,  reporting , and  student learning  tools backed by  great support .

McGraw Hill GO Greenlight learning with the new eBook+

ALEKS® Personalize learning and assessment

ALEKS® Placement, Preparation, and Learning Achieve accurate math placement

SIMnet Ignite mastery of MS Office and IT skills

McGraw Hill eBook & ReadAnywhere App Get learning that fits anytime, anywhere

Sharpen: Study App A reliable study app for students

Virtual Labs Flexible, realistic science simulations

Inclusive Access Reduce costs and increase success

LMS Integration Log in and sync up

Math Placement Achieve accurate math placement

Content Collections powered by Create® Curate and deliver your ideal content

Custom Courseware Solutions Teach your course your way

Professional Services Collaborate to optimize outcomes

Remote Proctoring Validate online exams even offsite

Institutional Solutions Increase engagement, lower costs, and improve access for your students

General Help & Support Info Customer Service & Tech Support contact information

Online Technical Support Center FAQs, articles, chat, email or phone support

Support At Every Step Instructor tools, training and resources for ALEKS , Connect & SIMnet

Instructor Sample Requests Get step by step instructions for requesting an evaluation, exam, or desk copy

Platform System Check System status in real time

McGraw Hill Economics offers instructors and students a rich selection of digital courseware, econ textbooks, and step-by-step support to accommodate your needs.

Economics Products by Course

• Advanced Macroeconomics
• Data Analytics for Economics
• Economic Issues
• Economic Statistics
• Environmental Economics
• Intermediate Macroeconomics
• Intermediate Microeconomics
• International Economics
• Labor Economics
• Managerial Economics
• Mathematical Economics
• Money and Banking
• Principles of Economics
• Principles of Macroeconomics
• Principles of Microeconomics
• Public Finance
• Survey of Economics
• Urban Economics

Find your rep.

Smarter software. bigger breakthroughs., integrated excel®.

Find the right product for you.

Economics features.

Connect for Economics drives students to engage with coursework and makes managing assignments seamless, so you can spend more time teaching.

Application-Based Activities

• Videos: Connect the Dots
• Videos: Connect Master 
• Videos: Frank Series

Available within Connect, SmartBook personalizes learning to individual student needs, continually adapting to pinpoint knowledge gaps and focus learning on concepts requiring additional study. For instructors, SmartBook tracks student progress and provides insights that guide teaching strategies and advanced instruction, for a more dynamic class experience.

We take a 3-prong approach to graphing that ladders up Blooms Taxonomy levels of learning.

Adaptive econ prep.

Not all students start a principles course with the same math, graphing and terminology skills. That’s why we offer the only truly adaptive econ prep in the industry as the 1st level of graphing.

GAIN KNOWLEDGE, BUILD UNDERSTANDING.

GRAPHING EXERCISES

The 2nd level of our graphing allows students to go beyond the basics and apply and practice what they now know.

INTERACTIVE GRAPHS

The 3rd level of our graphing helps students visualize, analyze and interpret economic concepts, graphs, and data by providing visual displays for them to manipulate.

ABAs are economics simulations that give students an immersive experience in course content. Each ABA is developed to drive a deeper level of content understanding. Students practice their economic thinking and problem-solving skills as they apply course concepts to real-life scenarios and see the implications of their decisions as they go. The tool also provides specific feedback based upon student responses for support when it matters most. Each activity is designed as a 15-minute experience.

Connect the Dots Videos

Connect the Dots are short, succinct videos that help bridge student’s gap in understanding for the most challenging course concepts. All videos include closed captioning and are assignable with assessment questions for improved retention. (Available for all of our Principles of Economics and Survey of Economics titles except Connect Master and Frank. For videos unique to those products, please click the next two tabs.)

Connect Master Videos

Connect Master: Principles of Economics has over 260 engaging, professionally produced 2-4 minute topical videos featuring the authors Carlos Asarta and Roger Butters along with animations and graphs. All videos are available in English and Spanish. New for Summer 2023: 800+ Worked Example Videos feature diverse group of experienced economics instructors walking students through problems are being added to the adapted learning experience and the eBook. 

Frank Series

Our Frank titles offer three unique video series. 

• Learning Glass videos (left) provide tutorials for topics where students tend to struggle. 
• Economic Naturalist videos (right) bring economics to life by showing interesting applications of economic concepts.
• Worked Problem videos (bottom) work through end-of-chapter problems to aid in student understanding of core economic concepts and offer assistance with more challenging material.

Remote proctoring and browser locking capabilities are now seamlessly integrated within Connect to offer more control over the integrity of online assessments. Instructors can enable security options that restrict browser activity, monitor student behavior, and verify the identity of each student. Instant and detailed reporting gives instructors an at-a-glance view of potential academic integrity concerns, avoiding personal bias and supporting evidence-based claims.

Featured Economics Textbooks

mieconomiccenter.org

easy economics homework help

The Intermediate Guide to Tackling Economics Homework

Why do we study economics? This is a common question many students ask themselves when faced with economic homework. However, one of the main reasons why it is important to study economics is to understand how the world works and how decisions are made.

When it comes to complex subjects like macroeconomics, microeconomics, international commerce, and economic growth, doing economics homework can be overwhelming for students. To succeed academically in economics, however, requires an economics study guide or strategy.

Economics study guide for students

You might ask yourself the question: how do I write my economics homework? In this essay, we will take a good look at intermediate guides that aim to provide students with the essential tips and strategies to tackle economic homework effectively.

• Know the concepts

Knowing the basic concept of economics is the first step in completing your economics homework and learning how to study economics. Before starting any homework, it’s critical to understand the fundamental ideas in economics because there is a lot of theory involved.

In economics, some fundamental ideas are supply and demand, elasticity, opportunity cost, marginal value, and market structures. This can significantly tackle your ability to tackle economic homework and achieve better results.

• Read the instructions carefully

One of students’ biggest mistakes when doing their homework is neglecting the instructions. By carefully reading the instructions, you can identify what is expected of you. This can help you focus on the important concepts or issues relevant to your homework. It also saves time, avoids mistake, and demonstrate knowledge

• Use reliable sources to gather information

It would help if you researched the topic using various reliable sources such as textbooks, academic journals, and websites. It allows you to gain a deeper understanding of the subject matter and develop a more informed perspective on the topic of your homework. Having all the necessary information before completing your homework saves time and stress.

• Organize your thoughts

Organizing your thoughts might be a critical first step to do your economics homework successfully. As you organize your thoughts, you are essentially making a road map to help you concentrate on the essential topics and ideas you need to address in your project.

• Use relevant examples

Using relevant examples helps you to earn more points as it demonstrates your ability to apply economic concepts to real-world situations. This demonstrates to your reader that you have a good understanding of what the homework is all about. It also clarifies concepts, illustrates theories, and connects with current events.

• Show your work

When it comes to problem sets, show your work in detail. By doing so, you may monitor your progress and demonstrate to the lecturer how you arrived at your answers. It can also help you to identify mistakes you may have made along the way quickly, and if you don’t get a correct answer, you can get partial credit for your work.

• Check your math

Because economics mainly relies on mathematical and quantitative analysis, checking your math work is a crucial first step in completing your economics homework.

Making mistakes in your arithmetic calculations might result in wrong answers, which can harm your grades and your comprehension of the ideas. Here are some strategies for using math checkers to succeed with your economics homework:

• Seek help from others

It’s usual for students to feel overwhelmed by their economics homework because there is so much material to take in. Nonetheless, asking for assistance when necessary can significantly impact a student’s capacity to master this subject.

There are several advantages to asking for help, including clarifying complex ideas, getting comments on your work, maintaining a schedule for your schoolwork, and feeling supported and motivated. Students can thrive in their studies and overcome difficulties by recognizing when they need help and asking for it. 

Although economics homework can be difficult, you can master the required skills to complete it using the intermediate guides presented in this essay. Before you begin, remember to comprehend the topic fully, divide it into digestible chunks, and identify any pertinent concepts or theories.

Then, conduct extensive study and analysis to support your claims and conclusions. Next, carefully review your work to ensure it is clear, concise, and error-free. By following these guides carefully, you can categorically say I know how to do my homework easily.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Provide details on what you need help with along with a budget and time limit. Questions are posted anonymously and can be made 100% private.

Studypool matches you to the best tutor to help you with your question. Our tutors are highly qualified and vetted.

Your matched tutor provides personalized help according to your question details. Payment is made only after you have completed your 1-on-1 session and are satisfied with your session.

• Study Tools arrow_drop_down Homework Q&A Notebank Book Guides Video Tutoring In Person Tutoring Scholarships
• Educators arrow_drop_down Educator Portal Educator Summit
• Become a Tutor

All Subjects

Mathematics

Programming

Health & Medical

Engineering

Computer Science

Foreign Languages

24/7 Homework Q&A

Get economics help — post your economics homework questions and get answers from qualified tutors..

Ask a Question

How q&a tutoring works.

Post a Question

Ask all types of questions big or small from basic math to rocket science.

Connect with tutor

Our system recommends the best tutors for your question.

Explanation & Answer

Tutors give quality explanations & answers via messenger.

TOP ECONOMICS QUESTIONS

visibility_off Private questions are not visible.

• << First
• < Previous
• Last >>

POPULAR ECONOMICS TAGS

Saudi electronic university ECON macroeconomics microeconomics ECON Economic Microeconomics SEU Eco University of Sydney UCLA ashford university Macroeconomic University of Phoenix Macroeconomics econ 101 Grand Canyon University Strayer Univeristy Economy seu university

RECENT PRESS

Yahoo Finance

Influencive

Entrepreneur

SITE RATINGS

BOOK GUIDES

The wonderful wizard of oz.

by Lyman Frank Baum

Things Fall Apart

by Chinua Achebe

The Art of the Deal

by Donald Trump

A Higher Loyalty

by James Comey

by John Carreyrou

Kitchen Confidential

by Anthony Bourdain

Girl Wash Your Face

by Rachel Hollis

Educated - A Memoir

by Tara Westover

Thinking - Fast and Slow

by Daniel Kahneman

Studypool is powered by Microtutoring TM

Copyright © 2024. Studypool Inc.

Studypool is not sponsored or endorsed by any college or university.

Get on-demand Q&A study help from verified tutors

Access over 35 million study documents through the notebank

Read 1000s of rich book guides covering popular titles

Sign up with Google

Sign up with Facebook

Already have an account? Login

Login with Google

Login with Facebook

Don't have an account? Sign Up

• Fundamentals NEW

• Biographies
• Compare Countries
• World Atlas

Introduction

Parts of an Economy

A society creates wealth by producing goods and services. Goods include such objects as apples, cars, and roads. Services are things that people do for others—for example, gymnastics lessons, banking, and dental care. People who buy these goods and services are called consumers.

The process of creating the goods and services is called production. There are three major factors in production. The first is land. Land can mean a large farm or a tiny workshop. Land also includes natural resources like oil and minerals. The second factor of production is labor, or people who work for pay. Workers may be rewarded with wages, or—if they own the business—with profits. (Profits are the money that a business keeps after paying costs.) The third factor of production is capital. This includes the tools, factories, and offices that are used to make the goods and services.

Money is not counted as a factor of production. Rather, it is the means by which companies pay for land, labor, and capital. Companies get this money from consumers who buy their goods or services. And most consumers get their money by working for companies.

All the companies producing a particular kind of product or service are grouped together in what is known as an industry . Industries that make things are called manufacturing industries. Industries that sell services are called service industries.

Producers of similar goods or services compete with each other for consumers. The producers and consumers in an industry together form a market.

Branches of Economics

There are several different branches of economics. The study of individual consumers and businesses is called microeconomics. The study of how a whole country’s economy works is called macroeconomics.

Microeconomics

Economists who study microeconomics look at how consumers spend their money. They try to explain why consumers buy one product rather than another. They also look at why companies choose to produce one good or service rather than another.

The amount consumers want to buy is called demand. The amount companies produce is called supply. Price strongly affects supply and demand. If a manufacturer charges a high price for a product, usually it will sell few products. If it reduces the price, usually it will sell more products. A manufacturer aims to find the price that will result in the highest total profit.

Macroeconomics

Economists who study macroeconomics look at the value of all the goods and services that a country produces. In this way, they measure a whole country’s wealth. They also study economic growth, or how a nation’s wealth becomes larger.

Governments are interested in macroeconomics, too. A government plays an important role in its country’s economy. When a government decides which goods and services should be produced and sold, the economy is said to be planned. Countries with socialist or Communist governments usually have planned economies. In these countries, the government owns the means of production—capital and land.

By contrast, when a government lets companies and consumers decide what will be produced, the economy is called a free market. Countries with capitalist governments have free-market economies. But even capitalist governments affect the economy. They do this by raising or lowering taxes and changing the amount banks can charge for loans. These actions cause people to have more or less money to spend on goods and services.

It’s here: the NEW Britannica Kids website!

We’ve been busy, working hard to bring you new features and an updated design. We hope you and your family enjoy the NEW Britannica Kids. Take a minute to check out all the enhancements!

• The same safe and trusted content for explorers of all ages.
• Accessible across all of today's devices: phones, tablets, and desktops.
• Improved homework resources designed to support a variety of curriculum subjects and standards.
• A new, third level of content, designed specially to meet the advanced needs of the sophisticated scholar.
• And so much more!

Want to see it in action?

Number Line

• point\:of\:diminishing\:return\:11000-x^{3}+36x^{2}+700x
• point\:of\:diminishing\:return\:-x^{3}+42x^{2}+1100,\:0\le x\le19
• point\:of\:diminishing\:return\:r(x)=-x^3+48x^2+1000
• point\:of\:diminishing\:return\:-\frac{3}{7}(x^3-7x-7)

economics-calculator

• My Notebook, the Symbolab way Math notebooks have been around for hundreds of years. You write down problems, solutions and notes to go back...

Please add a message.

Message received. Thanks for the feedback.