Economics is the social science which studies economic activity: how people ... in economics; 2 General economic rules; 3 History; 4 Branches of economics ... The two main branches of economics are microeconomics and macroeconomics.
Aug 8, 2018 ... Economics can seem as if it is an obscure subject, in that you haven't had the chance to study it much, but parts of it can be very ...
Jun 8, 2018 ... Within the subject, there are several different branches which focus on different aspects. ... 2. Neo-classical economics. Key people: Leon Walrus, William ... Seeks a radically different approach to basic economic questions.
View-1: Three branches of economics are: (a) Mainstream (orthodox) economics, (b) institutional economics, (c) Socialist economics. View-2: ...
Behavioural Economics Ecological Economics Environmental Economics Health Economics Information Economics International Economics Labour Economics ...
Economics is a social science that studies the ways individuals and groups allocate resources, including money, buildings, land, time, tools and know-how.
The basic function of economics is to study how individuals, households, ... Microeconomics is a branch of economics that examines the market ... ii. Welfare Viewpoint: ADVERTISEMENTS: Represents a neo-classical standpoint of economics.
Feb 18, 2019 ... At the most basic level, the field of economics is divided into microeconomics, or the study of individual markets, and macroeconomics, or the ...
Nov 7, 2017 ... Macroeconomics is a branch of economic theories that studies the ... READ ALSO: What is the main difference between economic growth and ...
For the United States, this is the Congress and the executive branch, which originates the federal budget. These are the main tools the government has to work ...