No matter the college you are attending; whether is it a business school, community college, or ivy-league institution, any student majoring in business is required to take a Microeconomics course. Understanding the basic principles of economics becomes more important as our economy grows. We are entering a global economy that is expanding at such an unfathomable rate that our national economists are unable to make satisfactory predictions.
Microeconomics is the study of the behavior of individual consumers and companies. Students will examine our market system, the laws of supply and demand, cost, market competition, a monopoly, oligopoly, factor markets, and public goods. Any course in microeconomics will present a logical and coherent framework in which to organize and observe economic phenomena. Students will learn the basic concepts and tools needed to analyze problems that arise due to the law of scarcity. A student’s goal should be a greater understanding of how and why consumers, firms, and markets in the U.S. economy function the way they do.
Having a tutor that can help explain these theories, concepts, and scientific studies of our economy can be the basis for a career path in business. Microeconomics is a prerequisite for all upper level business courses. Students interested in a business degree must fully understand how the economic phenomena impact the business decision making process. Having a tutor specifically qualified in economics or a related field of study can make all the difference.
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