Test prep and homework help from private online Economics tutors

Economics help

Topics, levels and curriculums

Economics is a subject with depth and diversity, hence our online tutors can provide you with support on a variety of Economics topics and levels, such as:
- Microeconomics
- Macroeconomics
- Insurance
- Compound Interest
- The Tax System
- Cost of Production
- and more!

Generally, there are three competency levels for students: beginner, intermediate and advanced. These are closely related to a student's academic level, hence it should be discussed with the tutor.
Tutors can also help with various school curriculums as many of them are retired teachers or have been helping students with their past and upcoming programs.

Common Economics questions

- If the price of a commodity increases from $0.40 and $0.60 and its supply increases from 6kg and 9kg. Calculate its elasticity of supply.
- The municipality of Smallville has arranged to borrow $30 million in order to implement several public projects. The interest rate will be 3% per year, payable at the end of each year. This $30 million debt will be retired by making principal payments of $5 million at the end of each year. The Board of Supervisors is concerned that it will take too long to pay off this debt. How many years will it take to retire this $30 million debt and its associated interest payments?
- Which one of the following statements about the shortcomings of real GDP is correct?
a) It accounts for the distribution of national income
b) It accounts for the negative effect resulting from production
c) It is used to estimate the growth of the underground economy
d) It does not account for labour of farmers in rural areas who produce for their own use

Common Economics Homework Curriculum Topics

The study of resource allocations, behavioural patterns, consumers, sellers, and production of commodities is known as economics. Students learn a wide variety of topics in economics for better understanding. Macroeconomics, microeconomics, international economics, and fundamental economics are all essential subjects in economics. There are also many other topics to be covered in the economics curriculum. Here are some examples of grade-appropriate economics homework questions:
- What is the difference between micro and macroeconomics?
- How to define economic welfare?
- What is the importance of economics in the modern society?
- What does the government spend its money on?
- What is resource allocation and how is it performed?
- What to produce?
- How to produce?
- What are the branches of economics?
- How much to produce?
- What are the uses and limitations of economic data?

Economics and Exam Testing Tips

There is no doubt that economics is a very difficult subject to grasp. This is especially true if you do not understand the concepts and how they are interconnected. The subject of economics has been used in both exam and assessment questions for a long time. The problem is that this was sometimes done haphazardly.

Economics students will likely face a number of standardized exams throughout the years from high school through graduate school. These tests have attributes that make them different from regular classroom tests, and when you prepare for them, it's a good idea to do more than just content review. Your economics tutor can help you learn valuable test-taking techniques and strategies that can help you demonstrate your true ability level in the subject. These might include strategies to learn time management skills, how to review test structures, or even how to quickly eliminate questions in multiple-choice exams.

What is the fastest way to memorize Economics?

For most people, economics is a tricky subject, but it doesn't have to be. The most common cause of economics difficulties is that students do not approach the subject properly. We'll look at several tried-and-true tactics and approaches that will help you study and understand economics more effectively.

How do I prepare for a Economics exam?

While preparing for your economics exam, deal with the most critical topics first. That does not imply that you must abandon the others. It suggests that the most significant portions should be prioritized. If you have time left over, you may concentrate on the less critical aspects. Studying should be done sequentially, i.e., instead of going to random chapters and learning the important questions, proceed in sequence. Going chapter by chapter is often recommended as the difficulty level rises. With little time, avoid being confused by referring to a large number of textbooks or materials. Instead, choose an excellent one. The ideal method to select a source is to spend some time researching the finest book for your study. Then you have to revise, but this does not imply that you must spend hours trying to recall everything. It just entails recalling the topic's terms. This is only feasible if you keep notes that are understandable and well-organized. Revision improves your memory and gives you more confidence while dealing with difficult situations.

Why Hire a Economics Tutor Near Me?

It's usually in sophomore year when students take actual economics courses. That's a great time to begin looking for an "economics tutor near me" or "economics tutoring near me," because that's about the time when you start focusing on economics as a career. An economics tutor can help you manage test anxiety and show you time management techniques that you may want to employ to ensure that you work through as many of your test/exam questions as possible during the time allotted to help maximize your scores.

Even if you're a student learning about economics earlier than university and want to get a head start on your science education, getting economics tutoring is a great option. Economics tutors can help you learn key concepts to ensure you truly understand the key foundational concepts that future years build upon. They can also help you with practice tests, verbal quizzes, flashcards, and so much more. An economics tutor can use a variety of approaches that work best with your learning style.