One of the assignments students may face is a problem set, an educational tool, used in educational establishments at such subjects as mathematics, physics, chemistry, computer science, economics and the like. It is usually a set of problems, sums, exercises or some other tasks on some particular topic of the given subject to check up the students' knowledge of the material taught.
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An economics problem set includes tasks in economics, based on the already known material. So, to succeed in coping with them you should know the subject as well as be familiar with the methods and ways of solving this or that typical problem. It goes without saying, that economics problems stipulate lots of mathematics, so you should know how to deal with that, to say nothing of being extremely careful with figures and calculation. Such tasks usually don't influence much the total grade, still mean a lot concerning your knowledge and skills. Economics sometimes may be a rather challenging and far from being easy subject to deal with. So problems require special skill and diligence and if you face any difficulty in solving them you can always use any economics help available.
A problem presupposes a question you don't know the answer to from the very start. You need to think, to find a proper solution or undertake some actions, do some calculation to get the right answer. So first of all make sure you understand the question correctly, understand the wording and know exactly how to go about it, how to start and how to make sums like that, see the right strategy and the right approach. Very often economics problems don't have an obvious solution and suggest you to think well before finding the required answer. It's quite a challenge to know how to match the right solution with the mathematics skills and the particular knowledge of the topic. Sometimes they also provide the need of the further investigation and research.
If you're a student of economics, be ready to face such challenging kind of assignment as economics problem set , but don't be too scared. If you can think and know the basis of the topic, you can cope with any task, no matter how difficult it may seem.