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).
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: "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent 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 · 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 What is the difference between home economics and economics? Q. What is the difference between home economics and economics? Home ecoomics is considered to be a soft option for an As level subject. So is economics the same. And also is economics a soft or good As level choice? Asked by Aqwe - Wed Nov 18 15:22:21 2009 - - 1 Answers - 0 Comments A. Home economics is related to Life Skills--cooking, balancing your checkbook, sewing, etc. Economics is the study of markets and money. Supply and demand curves. It is in NO WAY a "soft" class. Econ is hard and uses a lot of math. Answered by Tbby - Wed Nov 18 15:41:07 2009 What can you get with an economics degree? Q. My husband has changed his mind many times on what degree he can get and now he has chosen Economics because it is the fastest. I'm curious about what types of jobs a person with an Economics degree can obtain? Careers? Asked by Summer - Fri Jan 26 16:30:33 2007 - - 3 Answers - 0 Comments A. I have both a bachelors and masters degree in economics. The options are varied - you can work in a bank or any private company where you can advance without needing a graduate degree - international organizations such as United Nations or World Bank where you need an advanced degree to get an analyst or better position (MA is the minimum requirement but PhD is better) - think tanks and research institutions where an advanced degree is definitely an advantage and desired - academics where a PhD degree is essential - government where an advanced degree is also very useful and desirable I have worked in private companies including banks doing economic research, strategic planning in an insurance company, and did market research. I have… [cont.] Answered by imisidro - Fri Jan 26 17:09:37 2007 Economics-What were the causes of the end Federal surpluses & the return to deficits after 2001?
Q. Economics-What were the causes of the end Federal surpluses & the return to deficits after 2001? Asked by scalizithaproblem - Tue Oct 9 22:27:02 2007 - - 1 Answers - 0 Comments A. The immediate cause was the recession that started in the 2nd quarter of 2001. When the economy started its recovery in early 2002 tax revenues were to eventually reach levels higher than they were in the surplus years of the late 90's. However, by then lawmakers in Washington had reneged on the spending limits put in place during the 90's; and as a consequence the federal budget has continued to run in deficit. Answered by Crookedlettaman - Tue Oct 9 22:59:16 2007 From Yahoo Answer Search: "economics"  news.google.com guardian.co.uk They said his reforms had led to Russia's decade of unprecedented economic growth between 1999 and 2008. A former prime minister, Gaidar went on to head the ... Russia's Market Reform Architect Dies at 53 New York Times Market Reform Architect Gaidar Dies The Moscow Times Yegor Gaidar, Russian reformer in poison claim, dies at 53 'of blood clot' Times Online RussiaToday - RadioFreeEurope/RadioLiberty - Thaindian.com all 355 news articles » news.google.com ForexTV.com (RTTNews) - Eurozone M3 money supply and current account data from Spain are due on Wednesday, headlining a light day for European economic news. ... Eurozone lending declines, hope lies in households AFP all 111 news articles » news.google.com Visalia Times-Delta "It was pure economics ," Selke said. "We had to stop the bleeding. We weren't making money." On good nights, the Tulare Union Booster bingo event drew up to ... and more » From Google News Search: "economics"  utas.edu.au 128px x 150px | 6.60kB [source page] Research Activity Environmental Economics  bewarethesharks.com 113px x 150px | 5.70kB [source page] This course is not like a reality TV show about painting and decorating what kitchen to buy or jumping up and down in order to be motivated It is about property economics how an  hendrix.edu 213px x 243px | 33.50kB [source page] Today business needs leaders with vision and persons who can think analytically The B A degree with a major in economics and business from Hendrix College meets these needs by providing From Yahoo Image Search: "economics"  env-econ.net Tim Haab Mon, 04 Jan 2010 18:56:18 GM Environmental . economics. lawsuit watch: Asian carp, the voracious, nonnative fish whose arrival near Lake Michigan is threatening to cause havoc in the Great Lakes, are now setting off strife on land as well. In an urgent effort to close ...  austrianeconomicsblog.com unknown ue, 05 Jan 2010 00:43:44 GM Professor of . Economics. and one of the foremost current representatives of the Austrian School, Huerta de Soto, who recently delivered a lecture at the Madrid Association of Family Businesses (AMEF), is certain that "the great social ...  institutional-economics.com stephen_ Mon, 04 Jan 2010 00:53:40 GM Reporting on Fed Chair Ben Bernanke's speech to the American . Economic. Association has focused on his suggestion that 'we must remain open to using monetary policy as a supplementary tool for addressing those risks' associated with asset ... 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
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