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What Is Economics?

Economics is the study of production, distribution, and consumption of services and goods. The two branches of economics are microeconomics (the study of individual effects on decisions) and macroeconomics (larger-scale factors, for example, interest rates).

Careers that you can obtain with an economics degree include:

  • Economist (Typical U.S. salary: $90.5k/yr)
  • Financial Manager (Typical U.S. salary: $121.1k/yr)
  • Market Research Analyst (Typical U.S. salary: $63.1k/yr)
  • Financial Analyst: (Typical U.S. salary: $82.9k/yr)
  • Management Analyst: (Typical U.S. salary: $72.4k/yr)

All of these careers are growing job fields in the U.S., so if you’re considering economics as a career choice, you’ve picked the right time to do so.


How Tutoring Helps

Economics tutoring guides you in basic concepts like trade and price theory, as well as other topics such as industrial economics, healthcare, welfare, macro/micro, fiscal and monetary policy, interest rates, and competition. These topics are oftentimes complex and require knowledge beyond that of a normal teacher tasked with administering the class.

The Miles Smart Difference


Award Winning


Flexible Dates
and Hours


Group Lessons

satisfaction guarantee

100% Satisfaction

Our Method

Our online tutors are equipped with the knowledge required to bring students up to speed and demonstrate the models used in economics which many teachers fail to prepare their students for.

While we employ a variety of methodologies and strategies, we emphasize the Socratic method as it helps students think through the logic of economics to find the answers in tutoring classes. This method of teaching has future ramifications as it carries over to future classes and helps develop self-reliance amongst students.

For example, basic price theory relies on logical assumptions about human behavior. If the price of bread is too high, people buy less of it and firms lose money, however if it is too low firms sell out of bread and do not make a profit. Finding the efficient price for an item is something a firm must do to avoid the problem presented above and the job of an economist is to explain why these events take place.

Miles Smart Tutoring was the recipient of the 2019 Best of St. Petersburg Award in the Area of Tutoring Service, and has helped students gain over $24 million in grants and scholarships based on an increase in SAT/ACT test scores. We provide a 100% satisfaction rate guarantee where if you aren’t fully satisfied with your tutor, we will replace them for free.

Searching for an economics tutor near you?

You’ve come to the right place. We offer the best private in-home and online economics tutoring.

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Frequently Asked Questions

You've asked, we've listened. Here's a list of the most frequently asked economics questions:

Q: Is in-person tutoring more effective than online tutoring when it comes to economics?

A: Both online and in-person tutoring methods are effective, depending on the student and their needs. We will make sure that whether you choose online or in-person tutoring, you will be satisfied with the outcome.

Q: Do you offer group tutoring for economics?

A: Yes, we offer group tutoring sessions for economics.

Q: Do you offer one-on-one tutoring for economics?

A: Yes, we offer one-on-one tutoring for economics.