Notesale: Turn your study into money

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NOTE: REMEMBER TO TAKE A BREAK EVERY NOW AND THEN OKAY?

Economics is the study of how people, businesses, and institutions make choices under scarcity
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There are
many different branches of economics that deal with different subjects, such as microeconomics,
macroeconomics, managerial economics, accounting, mathematics, operations research, and more
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Microeconomics BasicsMicroeconomics Basics
Macroeconomics BasicsMacroeconomics Basics
Managerial Economics BasicsManagerial Economics Basics
Accounting BasicsAccounting Basics
Mathematics BasicsMathematics Basics
Operations Research BasicsOperations Research Basics
Summing up

For university students, let me make explaining microeconomics, macroeconomics, managerial
economics, accounting, mathematics, operations research easier for you so you can pass your exam

Microeconomics Basics
Microeconomics is the study of economic behavior of individuals and firms in markets
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It also examines how markets
operate to decide who gets what goods or services
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It is concerned with the production,
distribution and consumption of goods and services
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The following is a brief
introduction to the field
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Macroeconomics is
a social science that uses a combination of empirical economic analysis, mathematical modelling and

philosophical discussion
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Managerial Economics Basics
Managerial Economics is the application of economic theory to management decisions about the
production, marketing, and distribution of goods and services
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” The objective of managerial economics is to
maximize the profit of a firm by deciding on such issues as the best price to charge for a product or
service, the amount to produce and sell, the best method of financing, and the best methods of
marketing
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It is
one of the most important activities of management, along with strategic planning and controlling
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Accounting can be thought of as an organized system of recording
economic transactions and then summarizing the results in financial statements
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It is the standardized method used to communicate financial information to
investors, creditors, government agencies, employees, and other stakeholders
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It is the language of the sciences, engineering, business, and everyday life
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These include, but are not limited
to, probability, statistics, and game theory
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Operations research is a systematic approach to analyzing business problems to find the
best solution
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Summing up

Remember, microeconomics is the study of the economy as a whole, including the interrelationship
of its parts, the government’s role in its operation, and how it affects other parts of society
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The goal of macroeconomics is to understand
how the economy works as a whole, while microeconomics studies specific parts of the economy,
such as the behavior of firms and households
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