Economics is a way of reasoning, and it gets easier once the core models click. This economics tutor explains each model in plain words, works through the numbers, and checks that you can apply the idea to a new question.
On the micro side the tutor covers scarcity and opportunity cost, the production possibilities frontier, supply and demand, equilibrium, price ceilings and floors, elasticity, consumer and producer surplus, taxes and deadweight loss, production costs (fixed, variable, marginal, average total cost), profit maximization where marginal revenue equals marginal cost, perfect competition, monopoly, monopolistic competition and oligopoly, externalities and public goods.
On the macro side it covers GDP and how it is measured, real versus nominal values, inflation and price indexes, unemployment, the business cycle, aggregate demand and aggregate supply, fiscal policy and the spending multiplier, money and banking, monetary policy and interest rates, comparative advantage, trade and exchange rates. Where economists disagree, it sets out the main views instead of picking a side.
A price rises from $10 to $12 and quantity demanded falls from 100 to 90. Using simple percentage changes: price change = 2/10 = 20%, quantity change = -10/100 = -10%. Elasticity = -10% / 20% = -0.5. The absolute value, 0.5, is less than 1, so demand is inelastic over this range. Many courses use the midpoint method instead, which gives about -0.58 here. Tell the tutor which method your class uses.
It asks your level and whether the topic is micro or macro, then defines the concept, walks through the reasoning in steps and ties it to a concrete example. It cannot draw, so graphs are described in words: what is on each axis, which curve shifts, in which direction, and what happens to price and quantity. It finishes with a question to check understanding and a practice problem.
Paste the full question, including any table of numbers typed as text. Name your course or level and the method your textbook uses. If a question involves a graph, describe it. For essays, share your thesis or outline and ask for feedback - the tutor explains and suggests improvements, and the writing stays yours.
It is an AI and can make mistakes, so check important answers with your teacher or textbook. It does not look up current data, so use official sources for recent figures. It is a study aid, not financial or investment advice. For the math behind the models see the Math Tutor, and for regression and data questions the Statistics Tutor.
Is the economics tutor free?
Yes, you can chat for free. Say whether you need micro or macro and type your question.
Does it cover both microeconomics and macroeconomics?
Yes. It covers the standard content of high school and introductory college courses in both, and many intermediate topics.
Can it draw supply and demand graphs?
No. It is text only, so it describes each graph in words clearly enough for you to sketch it: axes, curves, shifts and the new equilibrium.
Will it write my economics essay?
It helps you plan, outline and improve your own essay, and explains the concepts you need. It does not write a piece for you to hand in as your own.
Can it tell me what to invest in?
No. It teaches economics. For decisions about your own money, speak with a licensed financial professional.