Friday, 21 February 2014

An Outline of Economics. An Interesting Resource

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The following outline is provided as an overview of and topical guide to economics:
Economics – analyzes the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.

Nature of economics[edit]

Economics can be described as all of the following:
  • Academic discipline – body of knowledge given to - or received by - a disciple (student); a branch or sphere of knowledge, or field of study, that an individual has chosen to specialise in.
  • Field of science – widely-recognized category of specialized expertise within science, and typically embodies its own terminology and nomenclature. Such a field will usually be represented by one or more scientific journals, where peer reviewed research is published. There are many sociology-related scientific journals.
    • Social science – field of academic scholarship that explores aspects of human society.

Essence of economics[edit]

Branches of economics[edit]

Subdisciplines of economics[edit]

  • Attention economics       
  • Behavioural economics
  • Bioeconomics
  • Contract theory
  • Development economics
  • Econometrics
  • Economic geography
  • Economic history
  • Economic sociology
  • Education economics
  • Energy economics

  • Entrepreneurial economics
  • Environmental economics
  • Feminist economics
  • Financial economics
  • Green economics
  • Industrial organization
  • Information economics
  • International economics
  • Institutional economics
  • Islamic economics
  • Labor economics

  • Labor economics
  • Law and economics
  • Managerial economics
  • Mathematical economics
  • Monetary economics
  • Public finance
  • Public economics
  • Real estate economics
  • Regional science
  • Resource economics
  • Socialist economics
  • Welfare economics

  • Methodologies or approaches[edit]

    Multidisciplinary fields involving economics[edit]

    Economies by region[edit]

    History of economics[edit]

    Types of economies[edit]

    An economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.

    Economies, by political & social ideological structure[edit]

    Economies, by scope[edit]

    Economies, by regulation[edit]

    Market forms[edit]

    • Perfect competition, in which the market consists of a very large number of firms producing a homogeneous product.
    • Monopolistic competition, also called competitive market, where there are a large number of independent firms which have a very small proportion of the market share.
    • Monopoly, where there is only one provider of a product or service.
    • Monopsony, when there is only one buyer in a market.
    • Natural monopoly, a monopoly in which economies of scale cause efficiency to increase continuously with the size of the firm.
    • Oligopoly, in which a market is dominated by a small number of firms which own more than 40% of the market share.
    • Oligopsony, a market dominated by many sellers and a few buyers.

    General economic concepts[edit]

    Persons influential in the field of economics[edit]

    Economic historians[edit]

    Nobel Prize winning economic historians[edit]

    Other notable economic historians[edit]

    See also[edit]

    External links[edit]

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