Economics

Economics (from the Greek οίκος , 'house', and νομος , 'rule', hence "household management") is a social science that studies the production, distribution, trade and consumption of goods and services. Economics is said to be positive when it tries to objectively predict and explain consequences of choices, given a set of assumptions or a set of observations. The choice of which assumptions to make in building a model as well as which observations to highlight, however, is a normative choice. Economics is also said to be normative when it recommends one choice over another, or when a subjective value judgement is made.

See also

;Economics glossary

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;Microeconomics

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:Microeconomics | Supply and Demand | Consumer Theory | Production theory | Experimental economics | Behavioural economics | General equilibrium | Industrial organization | Financial economics | Managerial economics | International trade | Labour economics | Development economics | Environmental economics | Welfare economics | Public choice theory | Public goods | Transport economics | Health economics | Marginal demand | Political psychology

Related Topics:
Microeconomics - Supply and Demand - Consumer Theory - Production theory - Experimental economics - Behavioural economics - General equilibrium - Industrial organization - Financial economics - Managerial economics - International trade - Labour economics - Development economics - Environmental economics - Welfare economics - Public choice theory - Public good - Transport economics - Health economics - Marginal demand - Political psychology

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;Macroeconomics

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:Macroeconomics | Keynesian economics | Phillips curve | IS/LM model | Aggregate demand | Stabilization policy | Monetary policy | Monetarism | Fiscal policy | Economic growth | Purchasing power parity | Business cycle | Austrian School | New Keynesian economics | Gold standard | Supply side economics | Ricardan equivalence hypothesis

Related Topics:
Macroeconomics - Keynesian economics - Phillips curve - IS/LM model - Aggregate demand - Stabilization policy - Monetary policy - Monetarism - Fiscal policy - Economic growth - Purchasing power parity - Business cycle - Austrian School - New Keynesian economics - Gold standard - Supply side economics - Ricardan equivalence hypothesis

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;Methodology

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:Cycles | Econometrics | Game Theory | Mathematical economics | Evolutionary economics

Related Topics:
Cycles - Econometrics - Game Theory - Mathematical economics - Evolutionary economics

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;Related fields

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:History of economic thought | Economic history | Praxeology | Political economy | Political science | Economic geography | Finance | Operations research | Economic anthropology | Public finance | Home economics | Neuroeconomics

Related Topics:
History of economic thought - Economic history - Praxeology - Political economy - Political science - Economic geography - Finance - Operations research - Economic anthropology - Public finance - Home economics - Neuroeconomics

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;Criticism

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:Post Autistic Economics

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:Steve Keen | Paul Ormerod

Related Topics:
Steve Keen - Paul Ormerod

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;Selected topics

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:Barter economy | Commercialism | Communism | Capitalism | Command economy | Coordinatorism | Deregulation | economic indicator | Exploitation | Freiwirtschaft | Georgism | Gift economy | Informal economy | Labour theory of value | Laissez-faire | Market economy | Marxism | Mutualism | Nationalization | Natural capitalism | Network effect | Participatory economics | Planned economy | Privatization | Real wage | Regulation | Socialism | Socialist economics | Stock exchange | Synthetic economies | Taxation | Welfare

Related Topics:
Barter economy - Commercialism - Communism - Capitalism - Command economy - Coordinatorism - Deregulation - Economic indicator - Exploitation - Freiwirtschaft - Georgism - Gift economy - Informal economy - Labour theory of value - Laissez-faire - Market economy - Marxism - Mutualism - Nationalization - Natural capitalism - Network effect - Participatory economics - Planned economy - Privatization - Real wage - Regulation - Socialism - Socialist economics - Stock exchange - Synthetic economies - Taxation - Welfare

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