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
Sat Jul 31 17:34:48 2010

3 Cats Stalking: On "Hollow Men of Economics "
prudentrver.typepad.com
3 Cats Stalking: On "Hollow Men of Economics "

Sam & Alice Penny

Sat, 31 Jul 2010 23:13:39 GM

When I began this blog in January, 2007, I saw 3 Cats (three catastrophes) facing the human race: Climate Change, Resource Depletion, and Over-Population​. By 2008 another catastrophe had crept in and something terrible afflicted the ...

From Google Blog Search: "economics"
Sat Jul 31 23:42:52 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.

Sourced

Alphabetized by author
  • 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
Economics major students warn against South Sudan dependence on dollar - Sudan Tribune
sudantribune.com
Economics major students warn against South Sudan dependence on dollar - Sudan Tribune
Tue, 27 Jul 2010 05:30:37 GMT+00:00
major students warn against South Sudan dependence on dollar Sudan Tribune July 26, 2010 (KHARTOUM) Southern Sudanese students studying economics at higher learning institutions in collaboration with local economists from ...
Carney May Raise Canada Lending Rate, Signal Slower Tightening - BusinessWeek
businessweek.com
Carney May Raise Canada Lending Rate, Signal Slower Tightening - BusinessWeek
Tue, 20 Jul 2010 04:35:23 GMT+00:00
BusinessWeek They will raise rates and grumble about the outlook -- that is the pattern, said Sheryl King, head of Canadian economics and strategy at Merrill Lynch ... Bank of Canada hikes interest rate, but slightly downgrades GDP forecasts International Business Times
New Somaliland president sworn in - AFP
google.com
New Somaliland president sworn in - AFP
Tue, 27 Jul 2010 16:15:50 GMT+00:00
afp silanyo, who has a degree from the London School of Economics and runs the Kulmiye party, is Somaliland's fourth president since the territory unilaterally ...

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

economics jpg
utas.edu.au
economics jpg
128px x 150px | 6.60kB

[source page]

Research Activity Environmental Economics

economics jpg
mfbmclct.edu.hk
economics jpg
1050px x 750px | 885.10kB

[source page]



economics
olbroad.com
economics
407px x 550px | 115.40kB

[source page]

cartoon

From Yahoo Image Search: "economics"
Fri Jul 30 02:35:24 2010

How come business major is much 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 Assassin - Sat Sep 26 17:10:59 2009 - - 1 Answers - 0 Comments

A. Because so many more people want to take business than economics, because economics is harder. My Canadian daughter started in economics at SFU in BC and graduated in the US with a dual major in economics and political science. She is doing great in grad school now and is on a fellowship in DC right now. Its taken to her to the White House and CIA already. She used those degrees to get into Technology Management in Transportation and has been offered a free doctorate at a famous UC school in California. She will be making highway policy for the USA. While a business degree starts you in mid management at a corporation. My point is that economics is a "big picture" degree and generally takes you to different places than a business… [cont.]
Answered by Chuckles - Sat Sep 26 21:26:07 2009

What is the job prospective of person with a economics degree?
Q. I got into UCI for next fall as a business economics major. I have heard good and bad things about majoring in economics. Some ppl say it leads to unemployment while others are successful. I was wondering if I should study economics or not? People tell me I should just major in accounting if I want to be employed after graduating is it true? And will an econ degree from UCI because it is considered useless because it is a low-tier UC compared to LA or Berk?
Asked by iBizzy - Sun May 3 16:14:51 2009 - - 1 Answers - 0 Comments

A. There are jobs out there for Economics majors. Banks are always hiring people with their BA in Economics.
Answered by Prospero Reincarnate - Mon May 4 08:36:19 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

From Yahoo Answer Search: "economics"
Sat Jul 31 17:36:52 2010