Online Economics Tutor | Navpreet S.

Tutor Profile

Navpreet Singh Hora

Navpreet S.

Verified

Graduation @ Devi Ahilya Vishvidhyalay

About me

Provide career counseling and career development sessions for graduates and alumni. Develop career services programs that will help student in exploring and planning career options. Work with students on their needs for career development. Conduct trainings, workshops, lectures, presentations, and other events to develop career planning and employability skills for students. Research and analyze current employment trends in various industries. Maintain regular contacts with potential employers for new job opportunities. Educate students on resume building, interview skills, and professionalism.


I can Teach:

Absolute Advantage, AD-AS Model, Aggregate Demand and Aggregate Supply, Aggregate Expenditure Model, Anti-Trust Laws, Balance of Payment, Comparative Advantage, Consumer Surplus, Cross Price Elasticity, Demand and Supply

Teaching Experience

I Love teaching because sharing my knowledge with others is very rewarding. Every single day I can make a difference in someone's life which goes far beyond knowledge i can inspire, support, mentor, and give the chance to discover and share some of the best parts of ourselves as human beings.

My Expertise

  • Absolute Advantage
  • AD-AS Model
  • Aggregate Demand and Aggregate Supply

Top subjects

Science Basics

Basic science, such as understanding how cells work, is research aimed at understanding fundamental problems. Applied science, such as the medical field, is the application of basic scientific knowledge to solve practical problems. Applied science uses and applies information obtained through basic science.

Biology

Biology is the branch of science that primarily deals with the structure, function, growth, evolution, and distribution of organisms. As a science, it is a methodological study of life and living things. It determines verifiable facts or formulates theories based on experimental findings on living things by applying the scientific method. An expert in this field is called a biologist. Some of the common objectives of their research include understanding the life processes, determining biological processes and mechanisms, and how these findings can be used in medicine and industry. Thus, biological research settings vary, e.g. inside a laboratory or in the wild. Biology is a wide-ranging field. It encompasses various fields in science, such as chemistry, physics, mathematics, and medicine

Body Systems

Body systems are groups of organs and tissues that work together to perform important jobs for the body. Some organs may be part of more than one body system if they serve more than one function. Other organs and tissues serve a purpose in only one body system. Examples include the respiratory system, nervous system, and digestive system.

Demand and Supply

The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price. Generally, low supply and high demand increase price and vice versa.

Equilibrium of Demand and Supply

Equilibrium is the state in which market supply and demand balance each other, and as a result, prices become stable. Generally, an over-supply of goods or services causes prices to go down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.

Price Elasticity

Price elasticity of demand is a measure of the responsiveness of consumers to a change in a product's cost. The more general term demand elasticity measures the impact of a change in any of a variety of factors including the product's price. The formula for any calculation of demand elasticity is the percentage of change in the quantity that is in demand divided by the percentage change in the economic variable. So, if the price elasticity of demand is being measured, the formula would be the percentage of change in the quantity in demand divided by the percentage change in price. The formula for any calculation of demand elasticity is the percentage of change in the quantity that is in demand divided by the percentage change in the economic variable. So, if the price elasticity of demand is being measured, the formula would be the percentage of change in the quantity in demand divided by the percentage change in price

Income Elasticity

Income elasticity of demand refers to the sensitivity of the quantity demanded for a certain good to a change in real income of consumers who buy this good, keeping all other things constant. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income. With income elasticity of demand, you can tell if a particular good represents a necessity or a luxury.

Cross Price Elasticity

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. Also called cross-price elasticity of demand, this measurement is calculated by taking the percentage change in the quantity demanded of one good and dividing it by the percentage change in the price of the other good.

Consumer Surplus

Consumer Surplus is the difference between the price that consumers pay and the price that they are willing to pay. On a supply and demand curve, it is the area between the equilibrium price and the demand curve

Producer Surplus

Producer surplus is the difference between how much a person would be willing to accept for given quantity of a good versus how much they can receive by selling the good at the market price. The difference or surplus amount is the benefit the producer receives for selling the good in the market. A producer surplus is generated by market prices in excess of the lowest price producers would otherwise be willing to accept for their goods.

Feedback

  • 5 star

thanks great work

Terry N.

02 Apr, 2021

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