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Lesson 5 - Marginal Propensity to Consume: Definition and Formula of the MPC. Lesson 7 - Aggregate Supply in the Economy: Lesson 8 - Aggregate Supply in the Short Run. Lesson 9 - Sticky Wages and Prices: Lesson 11 - Demand in Economics: Lesson 3 - The Business Cycle: Economic Performance Over Time.

Lesson 4 - Recession vs. Lesson 5 - What is Economic Policy? Lesson 6 - What is Economic Growth? Lesson 7 - Macroeconomic Equilibrium: Lesson 1 - The Phillips Curve Model: Lesson 5 - Standard of Living: Lesson 6 - Transfer Payment: Lesson 7 - Quality of Income Ratio: Lesson 1 - Economic Growth: Lesson 3 - Productivity: Lesson 4 - Investment in Human Capital and Productivity.

Lesson 5 - Physical Capital: Definition and Effects on Productivity. Lesson 7 - Growth Policy and Economic Productivity. Lesson 8 - What is a Traditional Economy? Lesson 9 - What is Research and Development? Lesson 10 - What is Sustainable Economic Growth? Lesson 11 - What is Economics? Lesson 12 - The Gordon Growth Model: Lesson 1 - Types of Financial Assets: Lesson 2 - Present and Future Value: Calculating the Time Value of Money.

Lesson 3 - Measuring the Money Supply: Lesson 4 - What is Money? Lesson 6 - Fractional Reserve System: Required and Excess Reserves.

Lesson 7 - How Money Is Made: Understanding Bank Lending in the Economy. Lesson 8 - Money and Multiplier Effect: Formula and Reserve Ratio. Lesson 9 - Money Demand and Interest Rates: Lesson 10 - The Money Market: Money Supply and Money Demand Curves.

Lesson 11 - Banking System: Lesson 13 - Budget Surplus: Lesson 14 - Money as a Medium of Exchange: Lesson 15 - Money as a Store of Value: Lesson 16 - Money as a Unit of Account: Lesson 17 - Run on the Bank: Lesson 19 - What is the Rule of 72 in Finance? Lesson 20 - Merton Miller: Lesson 21 - The Modigliani-Miller Theorem: Lesson 22 - Public Equity Funds: Lesson 1 - What is the Federal Reserve System?

Lesson 7 - Quantity Theory of Money: But with increase in demand, prices will rise proportionally. On the other hand, if the price rises, the demand tends to lower down and hence suppliers must lower the price to sell strawberries.

There are certain products that have no alternative and hence even-after a hike in price, consumers still purchase the product. This is just an overview of this concept. To get a simple yet proper explanation to it, contact our online Economics expert. We also provide Economics assignment help on all the topics segmented under this theory of economics.

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Cost and benefit analysis involves reaching at an optimal solution by comparing the costs and benefits of various alternatives in order to maximize profitability. Our Economic professionals have further described cost and benefit analysis with an example.

Suppose that a company XYZ sends one of its member every day to get the printout done. After a period of time, they find this task tedious and hence, XYZ plans to purchase a printer. Now, the members in XYZ will perform cost and benefit analysis. Here, they will calculate the cost for sending its member for the printout and that of buying a printer. At this point they will also consider hidden cost in both these situations.

Hence, if the cost of purchasing a printer is equal to a cost of sending one of its member for printout also called equilibrium or if the cost of sending the member is higher than purchasing a printer, it will prefer buying a printer over sending its member for printout. Hence, Cost and benefit analysis considers qualitative as well as quantitative aspect for examination of monetary value for a project or any investment.

If you need Economics homework with some good examples in cost and benefit analysis, you can contact our online Economic tutors and get your work done on time. Incentives is the source of motivation to follow your preference in Economical sector. Incentives can be of two types: Extrinsic incentives and intrinsic incentives. Extrinsic incentives originates from outside the person and motivates him to accomplish the task.

Like if a company wants to increase the production of certain good e. Strawberry jam from bottles to bottles per day, it will announce bonus for the worker if they produce bottles every day. So, at this point bonus becomes the source of motivation for the workers. This is extrinsic incentives. It basically involves price or money in the form of discount, bonus, sale, reward, etc. Intrinsic incentives is the internal feeling of satisfaction for the work. This is intrinsic incentives that motivates you to work harder.

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A branch of economic science, microeconomics is concerned with the study of the primary economic entities: trade society, independent economy and actions, cooperatives, households and individuals, their legal status, organizational structure, functions, operations and management, market behavior, factors of efficiency and growth.

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Microeconomics is a complete subject for the economics students, and it is an important part of economics. Key applied microeconomics fields are price theory and labor economics. Help with Microeconomics Assignment. We have a clear classification of the term economics. Microeconomics is the first branch and macroeconomics is the second component. Both of these branches have their own importance. If you need an A+ in your coursework, you have to workout both macro and micro.