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NounSingular economics Plural uncountable economics (uncountable)
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Derived termsRelated termsFrom Wiktionary under the GNU Free Documentation License. This article is about the social science. For other uses, see Economics (disambiguation). Economists study trade, production and consumption decisions, such as those that occur in a traditional marketplace. Look up economics in Wiktionary, the free dictionary.
Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)". Current economic models developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences. A definition that captures much of modern economics is that of Lionel Robbins in a 1932 essay:
Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent of scarcity and alternative uses of available resources there is no economic problem. The subject thus defined involves the study of choices as they are affected by incentives and resources. Economics aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society, in business, finance and government, but also in crime, education, the family, health, law, politics, religion, social institutions, war, and science. The expanding domain of economics in the social sciences has been described as economic imperialism. Common distinctions are drawn between various dimensions of economics: between positive economics (describing "what is") and normative economics (advocating "what ought to be") or between economic theory and applied economics or between mainstream economics (more "orthodox" dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" dealing with the "institutions-history-social structure nexus"). However the primary textbook distinction is between microeconomics ("small" economics), which examines the economic behavior of agents (including individuals and firms) and macroeconomics ("big" economics), addressing issues of unemployment, inflation, monetary and fiscal policy for an entire economy. Economics Economies by regionAfrica · North America South America · Asia Europe · Oceania General categoriesMicroeconomics · Macroeconomics History of economic thought Methodology · Heterodox approaches Fields and subfieldsBehavioral · Cultural · Evolutionary Growth · Development · History International · Economic systems Monetary and Financial economics Public and Welfare economics Health · Education · Welfare Population · Labour · Managerial Business · Information · Game theory Industrial organization · Law Agricultural · Natural resource Environmental · Ecological Urban · Rural · Regional Economic geography TechniquesMathematical · Econometrics Experimental · National accounting ListsJournals · Publications Categories · Topics · Economists Economic ideologiesAnarchism · Capitalism Communism · Corporatism Fascism · Georgism Islamic · Laissez-faire Market socialism · Mercantilism Protectionism · Socialism Syndicalism · Third Way The economy: concept and history Business and Economics Portal This box:From Wikipedia under the
GNU Free Documentation License  blogs.forrester.com Andrew Bartels hu, 18 Mar 2010 19:07:01 GM With Forrester's new blogging platform in place, I have the opportunity to launch a series of blogs about tech . economics. . What do I mean by tech . economics. ? To me, tech . economics. first means how the larger economy and the tech sector ...  thailand-business-news.com Editor Fri, 19 Mar 2010 05:20:52 GM Mobiles To Change . Economics. Of The Internet. Friday, March 19, 2010. Mobiles To Change . Economics. Of The Internet. For many is glaringly obvious, mobile is set to become the primary access point of the internet in this coming decade. ...  robertvienneau.blogspot.com Robert Vienneau Fri, 19 Mar 2010 20:07:00 GM These incidents present data for philosophers, historians, and sociologists of . economics. . They can explore how mainstream economists reacted to these empirical findings. And three have done just this. Daniel Hausman and Philippe Mongin ... From Google Blog Search: "economics" Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence "rules of the house(hold). This theme article needs cleanup. Please review , especially the , to determine how to edit this article to conform to a higher standard of article quality. This page has been listed as needing cleanup since 2006-11-28.Sourced
From Wikiquote under the GNU Free Documentation License.  news.google.com AllAfrica.com Bonyo said that the land economics course will equip Rwandans with skills and knowledge on how to manage their property as well as its importance. news.google.com Salt Lake Tribune A mediocre jobs outlook was one of the cautionary areas cited by Ernie Goss, the institute's namesake and an economics professor at Creighton, ... Gross Business Conditions Index shows economic improvement Nebraska City News Press A state-by-state economic glance for February Daily Mail - Charleston Economic indicator moves upward Omaha World-Herald Tulsa World - Denver Business Journal - Wall Street Journal (blog) all 183 news articles » news.google.com CNBC The father of modern economics supported a limited role for government. Mark Skousen writes in "The Making of Modern Economics ", Adam Smith believed that, ... and more » From Google News Search: "economics"  malta.usembassy.gov 399px x 600px | 145.10kB [source page] Ambassador Bordonaro speaks to Junior College Students Full Size Ambassador Bordonaro addressed economics students at the University of Malta s Junior College on the role of the U S in the global economy She spoke of how the U S economy From Yahoo Image Search: "economics" How is undergraduate economics different from postgraduate economics? Q. I have done undergraduate economics before - most of it is mainly theory with diagrams and models. There is a lot of rote memorisation and a bit of calculations. I am now going to start postgraduate studies in economics. I had a look at one postgrad economics exam paper, and I was shocked to see so much mathematics in it - especially calculus and formulas. Especially Hamiltonian and Lagrangian. My maths isn't so good especially applied calculus. How can I cope with postgrad economics? Asked by Steven TJ - Tue Jun 9 04:31:06 2009 - - 1 Answers - 0 Comments A. PhD-level economics is indeed all math. Except for Economic History, which isn't the most demanded branch of economics these days. Master's-level is economics is more like undergrad - simple intuition from plots and examples from real life. Answered by Bored Goblin - Tue Jun 9 13:40:35 2009 What's the difference between majoring in Economics under Arts & Sciences vs. Business? Q. I'm currently applying for colleges and I notice at many colleges that when it asks me to choose a major it has economics listed under both the School of Arts & Sciences and the School of Business. What are the differences between these two different majors? Is there any advantages to choosing one over the other? If you majored in economics at a school that had both, which did you choose and are you happy? And finally, do you have any additional info that might help me out? Thank you! Asked by Kikki - Wed Jul 23 18:43:56 2008 - - 1 Answers - 0 Comments A. The main difference is in the courses you take outside of Economics. If you study in a B-School, then you have to take courses in other Business areas, like Marketing, Accounting, management, finance, etc. In the college of Arts & Sciences, you would not be required to take those classes, but may have other requirements in the arts or the sciences. I can't tell you which is preferable -- because it depends on the school. Many of the top undergraduate schools -- like Harvard, Princeton, Duke, Chicago and Stanford -- do not have undergraduate business schools. But an Economics degree from the A&S college of one of those schools would be better than one from a Business School at most schools. On the other hand, a BS in Economics from… [cont.] Answered by Ranto - Wed Jul 23 18:56:40 2008 What exactly does elasticity in economics mean?
Q. I keep having to do questions on elasticity and inelasticity for my economics class (such as demand elasticity) and I can't quite understand what it means. Asked by webelieve04 - Sun Jan 28 18:09:23 2007 - - 2 Answers - 0 Comments A. Exy - the % that y will change when x modifies Exy = y1-y0/y0 / x1-x0/x0 1 - current or future time 0 - past or current Answered by Dragos R. - Sun Jan 28 18:20:02 2007 From Yahoo Answer Search: "economics" |
