Economics 5 essay

Most of the beginner writers face the problem of coming up with the right topic for their papers wasting hours and even days on finding the right one. It is important to generate as many ideas as you can, then write them down in one place and only then decide which topic will suit your assignment the best. For many people, economics is boring.

It is hard even for the most skillful academic writers and genius economists. There is no single recipe for a good economics essay: you have to learn it through constant practice. First of all, to write an essay, you need to find a good topic. What does this mean?

Economics has a lot to do with money: with how much money people are paid; how much they spend: what it costs to buy various items; how much money firms earn; how much money there is in total in the economy. But despite the large number of areas in which our lives are concerned with money, economics is more than just the study of money.

Five economic concepts that apply to my life are opportunity cost, shortage and surplus, rational self-interest, substitution, and income. The first economic concept that applies to my life is opportunity cost. I apply opportunity cost to my life when I have Saccomanni, 2013; Vlamis, 2014).