NounSingular economics Plural uncountable economics (uncountable)
Synonyms
Derived termsRelated termsFrom Wiktionary under the GNU Free Documentation License. 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  blogtalkradio.com unknown Sun, 27 Sep 2009 03:00:01 GM Liberal democrats like Obam mocks trickle-down . economics. . The libs-demo-rats advocates redistributive progressive taxation to achieve . economic. justice liberals destructive polices and idea inhibit . economic. growth and that hurts the poor ...  socioecohistory.wordpress.com mosesman Mon, 28 Sep 2009 11:13:27 GM The US Treasury and the Federal Reserve stepped forward with no one knows how many trillions of dollars to save the financial system, which, of course, meant to save the greed-driven financial institutions that had caused the . economic. ...  theconglomerate.org Afra Afsharipour Mon, 28 Sep 2009 02:11:55 GM The Glom's Blog Network on Facebook: Name: The Conglomerate. Topics: law, business, . economics. · Join our network · Blog Networks. Miscellaneous Links. Site Meter. Created by. The Conglomerate Bloggers Powered by TypePad ... From Google Blog Search: "economics"  news.google.com New York Times A number of economic analyses, informed by recent scientific findings and using reasonable assumptions, suggest that more ambitious targets and quicker ... news.google.com TCPalm stuart with economics a key element in the Nov. 3 City Commission election, finding tenants for empty downtown storefronts is among the ... news.google.com Orange County Business Journal Economic expectations among local executives have jumped to a two-year high for the fourth quarter, according to a survey from California ... From Google News Search: "economics"  planebuzz.com 196px x 140px | 25.40kB [source page] I may sound cynical but my reaction is it s about time Can we please get rid of the Alice in Wonderland thinking now Or rather the techs are strong and that will save the market  ksghome.harvard.edu 922px x 732px | 134.70kB [source page] Labor Economics Top > 26 Aug 1999 12 10 687 Labor Economics cove > 03 Mar 2000 11 34 60K Labor Economics cove > 24 Aug 1999 07 30 135K Labor Economics init > 22 Mar 2000 15 24 1 9K From Yahoo Image Search: "economics" In Economics, why does the total cost start above the variable cost on a graph? Q. I've started studying Economics not long ago. Why is the total cost above the variable cost? Asked by Marvin the Martian - Tue Dec 4 16:30:18 2007 - - 2 Answers - 1 Comments A. Because of fixed costs. TC = FC + VC, so graphically, the vertical distance between VC and TC is the FC. Answered by NC - Tue Dec 4 16:35:28 2007 What is the best university for economics in Malaysia? Q. I am not from Malaysia. But I am thinking of doing a masters in economics in Malaysia. What is the best university for Economics in Malaysia? Asked by orangeberry242 - Sun Apr 5 05:05:28 2009 - - 5 Answers - 1 Comments A. Some colleges here such as HELP University College, tie up with the London School of Economics for Bachelor programs, which is the best there is here. For the Master degree you can complete it in Singapore where LSE has a branch. Answered by veritas - Sun Apr 5 13:58:17 2009 How come Business adminstration is more popular than economics major?
Q. I was having dilemma which major to choose about two years ago. My father told me without the knowledge of economics you wouldn't be able to conduct business so I took economics. I don't know how things are going down in states because I live in Canada but when I checked for admission requirement criteria of many universities, Business was much harder to get in than economics. Why is that? Asked by Beetle-[Mania] - Sat Sep 26 00:11:42 2009 - - 1 Answers - 0 Comments A. Business seems to be the most popular major at almost every college. Economics is all about theory and studying the exchange of goods and services. Business is more hands on and creative. I think the reason it's so popular is because a Business degree can be used in so many fields. Answered by kenareki - Sat Sep 26 02:06:19 2009 From Yahoo Answer 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.ContentsSourced
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