Economics Assignment Help in Australia by our best expert

1. www.myassignmentservices.com.au Economics Assignment HelpEconomic Concepts and Student Life

2. Introduction • In the slides that follow, we will firstly define the 4 fundamental principles of economics which are used throughout the economics course. These 4 principles form the foundation of microeconomics as well as macroeconomics. • After, defining the economics principles, we will move on to the relevance of principles in real-life scenario. As a student of economics, we present to you: your real-life student experiences and apply the economics principles to each of your experiences. • By finding a direct relevance between the economics principles and real-life student experiences, we will be in a better position to understand the fundamental principles of economics. • Writers working with the economics assignment help team have built a robust knowledge base about the economics subject. Our economics assignment services are focused on delivering solutions which portray high level of quality, precision and comprehension.

3. 4 Economic Principles • Scarcity: Scarcity means less availability of a product or service in comparison to the demand for the product or service. This is the defining principle of economics: Resources are scarce and desires or wants are unlimited, therefore economics is known as the science of meeting the necessary demands with scarce resources. • Supply & Demand: Supply of a certain product can exceed in comparison with the demand of that product. In this case, with higher supply and lesser demand, the price of the product will fall. In another case, supply of a certain product can decrease in comparison with the demand of that product. In this case, with lesser supply and higher demand, the price of the produce will rise. • Costs and Benefit: In our life we are willing to pay a cost that justifies the quality and benefit that we receive from the product, service or any other choice that we make. In certain cases, the cost is more and benefit is less and this may happen due to ambiguous advertisements. In very rare cases, the cost is less and benefit is more, this could be the case with a NGO or not-for-profit organization working for the social benefit of the people. • Incentives: Incentive is a commonly used term in the corporate world. Incentives work as the motivating trigger points for employees to do more work in less time. For instance: a festive bonus may be offered to the employee, if she agrees to do work during the holidays. In this case, the employee could be motivated or happy to work during holidays, thinking that the bonus money will help her to buy a necessary household item which she wanted to buy since a long time. There can be several economics assignment help service providers who provide substantial volume of academic work at all times. However it is the responsibility of the student to choose only those economics assignment services providers which provide the best quality assignments in the industry.

4. Student Life & Principle of Scarcity • Time & Academic Goals: You as a student can have several academic goals such as scoring an A Grade in all assignments, learning a new language or taking up a job-oriented elective or course in addition to the current courseware. However, when time is a scarce commodity and the list of academic goals is long, there is only so much that you can do. Therefore, according to the principle of scarcity, you will be a good economist, if you are able to prioritize your academic goals. You might want to choose those goals which provide you with academic success in the current year and postpone the other goals which you can pursue in the next academic year. Our economics assignment help team promptly meets the day-to-day academic writing goals of students. • Time & Family Life: You as a busy student studying in the university may have limited time for enjoying family life. Therefore, when you need more time to study, family life will be less prioritized. If you are a good economist, you will avoid this situation. You will plan your study schedule in a way that allows you to spend at least 2 hours of quality time with your family every week. We also provide urgent economics assignment services within the prescribed deadline to our student clients at a reasonable price.

5. Student Life & Principle of Supply & Demand • Choosing the right University: You as a consumer of education can make the choice of going to study in a leading Ivy League University. However, here is the catch: You are not the only student! There are many students who would like to make the same choice of studying in a top-notch university. Therefore, the demand for education with a particular university will become high as compared to the student intake capacity of the university. In this case, the university will establish strict entrance exam criteria, so that only the best students get the opportunity to study in the top university. And the university will be able to avoid a situation in which there are more students and less admissions. A standard entrance criteria will bring structure to the education system and the university will get only the best students in the education market. • Choosing the right study module: As a student studying for a science course in the university, you may have the choice of opting for an additional study module to upgrade your education quality. Let us say, you have the choice to study Artificial Intelligence along with the standard Biology elective. In this case, let us say, you and only a few other students want to opt for an additional elective. In this scenario, the demand will be less, that is less students willing to apply for the additional elective and the supply is quite high that is the university needs more students. One way in which the university can find equilibrium or increase the student demand for the course is by providing a first free week of classes for the Artificial Intelligence elective. Another way could be that the university makes the A.I. elective compulsory for all Biology students. We maintain a healthy equilibrium between the work of our economics assignment help writers and the student demand for economics assignment services.

6. Student Life & Principle of Cost & Benefit • Course Cost: The cost of your degree course at the university should ideally be less than the benefit that you receive as a successful degree holder at the end of the course. In real life scenario, this may not be the exact case. The cost may be much higher than the job and income prospects as a university graduate. In this case, you have the choice to not pursue a particular course, or a course with a particular university. Therefore, you will choose the academic course that will offer you with the most benefit in terms of quality of education and job/income prospects. • Course Duration: The duration of the course and the quality of education provided should have equilibrium with the cost of the course. It could happen that the duration is less but the quality of education is high. In other cases, the quality of education may be low and the duration of the course may be more. In this scenario, a student who is a good economist will pay for the first option: less duration, high quality course. This way, the high benefit low cost paradigm can be achieved by a student.

7. Student Life & Principle of Incentives • Short-term Academic Hard-work and Long-term Career Success: You may get the incentive of a better paying job, if you study hard at college. But, you may have to let go of the entertainment and hobbies such as watching movies or playing a sport for the college team. It is your choice: You can either choose to commit yourself to hard academic work by studying hard and receiving a good grade at the end of your degree education period, Or you can choose to enjoy the college life and forego of the opportunity to find a good job with high salary at the end of your college life. Therefore, an incentive in the future can help you to make the right choice now. In this case, the incentive is long-term career success and the right choice is short-term academic hard work. We provide festival bonus and per assignment incentives to our urgent economics assignment help writers. We maintain the credibility of the best economics assignment services team at all times.

8. Concluding thoughts… • Economics is a science of choice because we cannot achieve or gain everything that is present in the world. Everything that we as consumers can buy and consume is available in a limited quantity. The availability of the goods or services can be high initially, but gradually the supply adjusts itself to the demand of goods and services. This is one of the inherent characteristic of a free market economy that prevails in almost all free market economies. You can choose us to receive best economics assignment help in the academic writing industry. • Choosing the lesser evil: Sometimes, the choices that you can make are not rational, meaning that it would not matter if you choose: A or B. Let us consider that both choices (A&B) are almost equally bad. In this case, it is essential to choose the lesser evil. For instance: you can only vote for a single candidate in the election and only a single candidate will be elected. But both candidates are bad, so you choose to not vote at all or you choose to vote for the less bad candidate. • Creating opportunities As seen in the previous slides, we can conclude that economics is about creating opportunities by making the right choices. You need resources, time and means to achieve the benefit of a resource, product, or service. By applying the resources and money within the stipulated time, you can accrue sustainable benefits from the purchase of a product or service. Our economics assignment services can create unparalleled academic opportunities for your academic success.

9. Our Economics Homework Help Service - Your way to Academic Excellence Website: www.myassignmentservices.com.au Telephone: U.K.: +44- 121 -2854112 U.S.A.: +61- 2 – 6100 – 3843 E-mail: contact@myassignmentservices.com