Alternative spellings

Noun

Singular economics

Plural uncountable

economics (uncountable)

  1. (Social sciences) The study of resource allocation, distribution and consumption; of capital and investment; and of management of the factors of production.

Synonyms

Derived terms

  • -nomics

Related terms

From Wiktionary under the GNU Free Documentation License.
Mon Jul 26 19:29:48 2010

Economics is the social science that is concerned with 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.

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. The primary textbook distinction is between microeconomics, which examines the economic behavior of agents (including individuals and firms consumers and producers), and macroeconomics, addressing issues affecting an entire economy, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other distinctions include: between positive economics (describing "what is") and normative economics (advocating "what ought to be"); between economic theory and applied economics; 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"); and between rational and behavioral economics.

Economics Economies by region

Africa · North America South America · Asia Europe · Oceania

General categories

Microeconomics · Macroeconomics History of economic thought Methodology · Heterodox approaches

Techniques

Mathematical · Econometrics Experimental · National accounting

Fields and subfields

Behavioral · 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 · Geography

Lists

Journals · Publications Categories · Topics · Economists

Economic ideologies

Anarchism · 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
Tue Jul 27 03:11:01 2010

Robert Service on Trotsky | EconTalk | Library of Economics and ...
econtalk.org
Robert Service on Trotsky | EconTalk | Library of Economics and ...

unknown

Wed, 28 Jul 2010 21:09:29 GM

Really an . economic. hero. Mention Jewish and his being a farmer--the Russians were very worried about the role Jews would play and they sent a lot of them in Ukraine in hopes they would become more Russian and less Jewish, which they did ...

bison survival blog: oil down economics
bisonsurvivalblog.blogspot.com
bison survival blog: oil down economics

James m Dakin

Wed, 28 Jul 2010 14:00:00 GM

OIL DOWN . economics. I know that you all tune in every day not just for my groundbreaking pearls of wisdom as I faithfully regurgitate the same handful of core ideas over and over again, not only for the vast entertainment value of my ...

IS PSYCHOLOGY RELATED TO ECONOMICS | EXCELLENT AMERICA
excellentamerica.com
IS PSYCHOLOGY RELATED TO ECONOMICS | EXCELLENT AMERICA

ipank

Wed, 28 Jul 2010 08:21:12 GM

A) PSYCHO- . economics. .In fact individual (with psychological impetus), cumulatively form a society. The society functions and formulates certain.

From Google Blog Search: "economics"
Thu Jul 29 06:22:51 2010

Obama WH gives its economic policies a good, solid F+ - Hot Air (blog)
hotair.com
Obama WH gives its economic policies a good, solid F+ - Hot Air (blog)
Mon, 26 Jul 2010 16:25:32 GMT+00:00
policies a good, solid F+ Hot Air (blog) The more capital it confiscates for its central-planning economics , the less we have for real growth. Some government oversight is necessary to prevent ... Wonkbook: Obama protects EPA option; deficit tops $1.4 trillion; deportations ... Washington Post
Homes for sale: New home sales rebound, prices keep falling - Christian Science Monitor
csmonitor.com
Homes for sale: New home sales rebound, prices keep falling - Christian Science Monitor
Mon, 26 Jul 2010 16:41:25 GMT+00:00
Christian Science Monitor ... good piece of news for the housing market in a number of months," writes Paul Dales, an economist with Toronto-based Capital Economics , in an analysis. ... Sales of new homes increase 23.6% in June Arkansas Online (subscription) Homes for Sale: Newly-built Homes Sales Rebound in June The Epoch Times New home sales soar by 23.6% in June, partially reversing May's huge plunge International Business Times CITY A.M.  - AFP
Paul Ryan Schools Chris Matthews on Tax Hikes, Budgets and Economics 101 - NewsBusters (blog)
newsbusters.org
Paul Ryan Schools Chris Matthews on Tax Hikes, Budgets and Economics 101 - NewsBusters (blog)
Tue, 27 Jul 2010 01:56:11 GMT+00:00
101 NewsBusters (blog) It all came from other circumstances: spending, economic growth declining, 9/11, all these other things. RYAN: So, I think what Joe earlier said is right, ...

From Google News Search: "economics"
Tue Jul 27 14:54:43 2010

economics jpg
utas.edu.au
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Research Activity Environmental Economics

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cartoon

From Yahoo Image Search: "economics"
Sun Jul 25 13:39:58 2010

ECONOmICS???
Q. CAn someone please help me with this questions , thanks: 1.Suppose you own a video rental store. List some of the fixed inputs and variables inputs you would use in operating the store. 2.Ace Manufacturing produces 1,000 hammers per day. The total fixed cost for the plant is $5,000 per day, and the total variable cost is $15,000 per day. Calculate the average fixed cost, average variable cost, average total cost, and total cost at the current output level.
Asked by CM - Tue Mar 6 13:22:20 2007 - - 1 Answers - 0 Comments

A. Capital for ya DVD's and make sure they return them!
Answered by brittany_t_e - Fri Mar 9 04:55:23 2007

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

How does chemistry apply to economics and the commercial importance of chemicals like heterocyclic compounds?
Q. I am interested in knowing what is the relation between chemistry and economics. That is aproject given to me by a professor, since I am doing a course in sciences along with a degree in finance. Kindly help.
Asked by CHINMAYA K - Wed Mar 12 05:54:42 2008 - - 1 Answers - 0 Comments

A. Nearly all drugs contain heterocycles as do many other chemical entities that are sold. Some of th elargest corporations in the world rely on small molecules for their cash flow: Exxon, Dupont, Pfizer, Dow, Merck, Glaxo, etc. In pharma there is a very fine line between what a consumer can be charged before the claims of "drug company rape" and other options are found with the ever present complication of government nullification of patents. There is the cost-benefit arguement with drugs and even in early drug testing, some sort of separation must be made between the cost of the drug and the benefit obtained.
Answered by Chad - Sat Mar 15 16:08:53 2008

From Yahoo Answer Search: "economics"
Thu Jul 29 06:37:36 2010

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.

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  • In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" that's irretrievably eroding market economies of private property.
    • Maurice Allais, in La Crise mondiale d’aujourd’hui. Pour de profondes réformes des institutions financières et monétaires (1999), p. 74
  • The more opportunities there are in a Society for some persons to live upon the toil of others, and the less those others may enjoy the fruits of their work themselves, the more is diligence killed, the former become insolent, the latter despairing, and both negligent.
  • Capitalism is the exploitation of man by man. Yes? Well socialism is exactly the reverse.
    • Len Deighton, Funeral in Berlin (1964; repr. Harmondsworth: Penguin, 1966) p. 145
    • Described there as a joke current in 1960s Czechoslovakia