Introduction

Economic Analysis

Economic analysis is a way of looking at big money problems using simple tools to see how things work.

These are basic tools used in Economics for the interpretation and analysis of problems which are usually presented in statements that seem difficult to understand.

This means we use these tools to explain economic stories that look hard so we can understand them clearly.

These tools make the problems easier to understand.

Some of the tools we will be considering include:

1. Tables

2. Graphs

3. Mean

4. Median

5. Mode

6. Range, etc.