Managerial economics outlines the best practices in economics that are used to arrive at the optimal solution to management problems in decision making. Managers need to put to practice various economic theories in allocating the scarce resources. In that effect, they have to carry out an economic analysis to determine in what proportion or priority they will alloca...
There is a powerful connection between statistics and economics. A student has to take into consideration these numerous aspects of economics as well as statistics. Therefore, if you don’t understand the fundamental of econometrics, no one can keep you in the frontline of this subject. Econometrics is a tough subject that requires a daily practice.
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STATA is an analytical tool that is used in the computation and presentation of the complex data in order to make it simple for anyone to interpret. When using this software application, you have to know how to go about it in the case you want to solve a statistical problem. Most students who use this tool for the first time will not know where to start. In order, t...
Confidence in the classroom is mostly inclined to the bright students. It will be easier for them to ask questions to the instructor and answer them when the teacher asks. However, slow learners are mostly ridiculed when it comes to classroom engagement. This can be a huge hindrance to learning which results to poor grades. When it comes to a subject like microecono...
