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Econometrics
Econometrics primarily deals with the quantitative measurement of economic phenomena and aids in the development of an effective economic model.
Theoretical Economics
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Important Economics Concepts to Begin Your Assignment
It is necessary to take courses with the intent of learning and curiosity to understand the subject. Without an interest in the subject, it is difficult to develop an understanding of it.
Demand and Supply Concept: We know that a demand stimulates production and alters the rate of supply. The greater the demand, the greater the supply, and thus the higher the prices. It is a critical economic parameter for establishing the relationship between various parameters such as production, inflation, and cost.
Inflation concept: It is the rate at which prices rise year after year. For example, if the rate of inflation is 10%, it means that things are becoming more expensive.
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