Check a list of useful topics on Economics selected by experts
The balance between demand and supply
Elasticity: quick response of one variant from the change of the other
Consumer demand theory
The theory of production: The process of changing materials into products
The structure of a market and the system that comprises it
The labor economics
The information economics
The economics of market structure
10 principles of economics
How has the internet changed marketing?
The four-day workweek: Is that something more companies should adopt?
What role do consumers play in keeping the market stable?
What Role Does Advertising Play In Microeconomics?
Ways In Which Creativity Can Lead To Huge Success
Industrialization Impacts On The Environment.
The Seasonal Changes In Our Economy.
The Purchasing Ability Of A Consumer And Its Impact On Prices.
The Latest Marketing Trends.
Focus On Companies That Have A No Sale Policy.
Changes In Oil Demand Over The Last Decade.
How Does Economy Change With the Change of Seasons
An Argumentative Essay on the Microeconomic Market Structures
How Do Different Microeconomic Market Structures Affect Supply?
The Impact of Labor Market and the Labor Union on Supply and Demand.
How Does Consumer Purchasing Ability Affect Pricing System?
The Use of Advertising in Microeconomics and How it Affects Customer’s Decisions
Should credit card companies add a warning page as part of their contracts?
Does outsourcing reduce costs?
Does outsourcing benefit the country receiving the work?
Would a European economic crisis affect other countries?
What is economic?
Economics is a set of economic sciences, a type of social science that studies the relationship between people in the production, consumption, distribution, and exchange of goods or services. The subject of economic theory is how people and society choose to use limited resources.
In addition to the basic one, there are several other definitions of economics put forward by scientists over the years. Its founder as a separate science is considered to be Adam Smith.
Economics was also called political economy, but from the second half of the nineteenth century it became politically neutral, and the word “politics” was excluded from the definition. Nowadays, economics is considered to predict the outcome of certain political decisions without interfering with politics.
Historically, economics has come a long way. Its main directions were mercantilism of XV-XVIII centuries, physiocracy of the second half of XVIII century, classical political economy of the end of XVIII century – 30s of XIX century, neoclassical economics which appeared in 1890s, Keynesianism and monetarism of XX century. A separate direction in economics – a peculiar offshoot of it – is Marxism.
The subject of the study of economics is not values, but agents of economic activity, such as individual households and society as a whole. That is why economics belongs to the social sciences.
On the scale of the study it is divided into microeconomics, the subject of which is organizations and households, and the study of the functioning of the economy as a whole.
Microeconomics looks at individual agents and their choices: what and for whom to produce, consume, how to interact in the process of exchange, etc. It studies the efficiency of production, cost, supply and demand, the specialization of economic agents, uncertainty and game theory.
The main macroeconomic indicators are unemployment, inflation, economic growth, monetary and monetary policy, and business cycles.
In addition to macro- and microeconomics, economic sciences include the following disciplines: econometrics, economic statistics, history of economic teachings and economic history, management, marketing, branch economics, engineering economics, enterprise economics and labor economics, accounting, managerial and financial accounting, etc.
Videos about Economics
- Intro to Economics: Crash Course Econ #1
2. Inflation Is Driving Secondhand Markets Out Of Control. Here’s Why.
3. How The Economic Machine Works by Ray Dalio
Interesting infographics about Economics
- World economics
2. Example of economic – Shipping Industry in EU in 2020
3. Importance of economics