ECO 100 is an economics course code dealing with the demand-and-supply principles in the economy. Inflation signifies a rise in market prices, while deflation indicates a fall. The eco100 assessment answers the operation of inflation and deflation within the economy.

As a conceptual subject, ECO 100 require students to have a clear conception of its topics. The course comprises 17 economics topics. The eco100 assignment answers the following issues –

1. The Economic Problem

• Get acquainted with the relationship between scarcity of resources and requirements.


• Identify the causes behind establishing allocation-determining systems for different uses.


• Obtain a clear understanding of the idea of production possibilities and procedures.


• Understand the difference between markets and the market economy.


• Placing changing allocation systems within a historic framework.


• The indispensable importance of the interrelation in economic history, economic theory and eco100 assignment answers

2. Value Theories

• The contribution of past incidents in history shapes concepts and defines the world's functioning.


• Understand the classical value theory over production costs or supply. But, first, you should become familiar with the concepts of classical economists from the late 18^thto the early 19^th


• The alteration of the principles in the theory of value during the late 19^thcentury with a new analysis. The new idea focused on the demand or subjective buyer preferences from the production costs.


• Alfred Marshall's combination of the two value theory approaches explains the process of determining value through supply and demand.

3. Buyer Preferences and the Principles of Demand

• Consumer approaches to purchasing multiple goods within their budget for their satisfaction.


• Reasons for a buyer to purchase more goods on deflated costs and less inflated prices.


• Conceptions on price, the elasticity of demand and the changes in quantity demand over the transformation in costs.


• The idea of consumer surplus in the eco100 answers.


• The replicating process in consumer behaviour over utility through the indifference curve analysis.

4. Production Expenses and the Principles of Supply

• Introducing various forms of business enterprise firms focusing on conventional corporations.


• The broader use of the “cost” term within economic theory


• Developing the diminishing returns concepts and comparing them with the historic objectives of human progress.


• The change within physical diminishing returns principles to the increase in the output within the  eco100 task answers


• Exploring the behaviour implications over long-run maintenance costs in market competition.

5. The Competitive Firm Theory

• Realizing the pre-requisite of competition within a free-market economy for allocative efficiency.


• Demonstrating short-run production expansion to minimize loss and maximize profit. Balancing marginal cost with marginal revenue.


• The equality between marginal cost and price within the profit in a competitive firm is to increase profit.


• Introducing the concept of a standard return and its connection with the competition's procedure to achieve long-term equilibrium.


• Explaining elasticity of supply


• Changes in market price with schedules in demand and supply.

6. Monopoly, Oligopoly and Imperfect Competition

• Introducing market structure analysis that goes off-track from the perfectly competitive model.


• Review separate approaches over cases undertaken by writers like Edward Chamberlin, Joseph Schumpeter and Joan Robinson


• Exploring the implication of monopolist price discrimination with the consumer surplus concept from eco100 solutions


• Offer an introduction to the oligopoly theory.

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