Economics is the science that deals with the flow of wealth in a society. It also studies the different market types while looking to understand the factors that affect demand and supply. The course will see students studying the various principles and contributions done by various economists. Students will be introduced to various concepts in the field and would occasionally be given economics assignments and homework. Assignments, case studies, research papers, examination papers, and projects will be given as part of the student’s assessment. It is also possible that students will be given some practical work to do. BookMyEssay is an academic writing agency that provides the best economics homework writing help for all students.

What is Economics?

Economics can be defined as a social science which deals with the production, manufacture, supply, and use of services and goods. Economics is the science that studies the behavior/habits and various connections/communications of economic elements as well as how economies operate. Economics is a pretty wide subject that deals with the efficient distribution of financial resources around a society. A good economics homework writer should be able to provide a quality economics homework help service. In the subject of economics, there are various branches of the course that concentrate on various aspects. Economics as a science comes with numerous schools of thoughts that generally come with various perspectives of the different areas of economics. One of the first categorization of economics is splitting it into macroeconomics and microeconomics.

Microeconomics: This is the part of economics that deals with separate markets and several small parts of an economy.

Macroeconomics: Macroeconomics is that branch of economics that has to do with the entire collection of the economy. It will also involve such aspects as trade, economic growth, and inflation.

The Branches of Economics

1). Classical economics: This is usually referred to as the basics on which modern economics was built. This part of economics owes its existence to economic experts like Jean-Baptiste Say, David Ricardo, Adam Smith, and so on. It is based on free market operation and so on.

2). Neo-classical economics: Neo-classical economics is that branch of the subject that was built on the basics of free market type of classical economics. It was developed by such key historical figures like Alfred Marshall, George Stigler, John Hicks, William Jevons, and Leon Walrus.

3). Keynesian economics: The Keynesian economics was formed back in the 1930s during the time of the Great Depression. At that time, the existing system of economics failed to properly explain the continuous mass unemployment and economic depression. Key people of Keynesian economics includes Paul Samuelson and John Maynard Keynes.

4). Monetarist economics: Monetarism was developed as a way to oppose the prevalence and wide adoption  of the Keynesian economics after the war. Key people that were involved in the championing of monetarism included Anna Schwartz and Milton Freidman.

5). Austrian economics: The Austrian economics is a different school that was critical of the current economic policies at its period of existence. It is entirely one that supports a free market system. It main supporters were Carl Menger, Ludwig Von Mises, and so on.

6). Marxist economics: The Marxist economics was solely championed by Karl Marx, a famous economist. Marxist economics will usually deal with the unstable and unequal characteristics of a capitalist market system. It is an economic system that looks to implement an entirely different approach to fundamental questions on economics.

7). Neo-classical/Neo-liberalism: This is a present-day definition of classical economics. It overlaps considerably with monetarism. This form of economics is essentially concerned with the support of competition, free trade, free-markets, involvement of lower government, privatization, and with limited state intervention in urban services.

These are some of the basic branches of economics as a science that deals with the flow of wealth through a society. At the student level, a reliable economics homework writing help should be able to produce quality content to most of the knowledge areas here.

Emerging Branches in Economics

As we continue to deal with the benefits of traditional branches of this course, there are some new and emerging branches of the course that seeks to address entirely new topic and knowledge areas. They are:

1). Welfare economics/environmental economics: This is an emerging study of economical concepts that places a lot of emphasis on the economics of the environment. Its key proponents are Arthur Pigou, E.F. Schumacher, and Garrett Hardin.

2). Behavioral economics: This is a new economical study of the thinking and behavior that is used to make economic decisions and control economic activities. Key people in this field are Robert J. Shiller, Richard Thaler, Daniel Kahneman, Amos Tversky, and Gary Becker.

The Features of BookMyEssay in Producing Homework Writing Service for Students

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Our team of writers work to provide unique homework and assignment help for all students. We provide unique and non-plagiarized work for all students. The moment we confirm any order, we will assign a competent writer to the student. We also work according to the deadline allotted to each assignment order. Our Economics homework writing help is simply the best.