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Economics is a social science that seeks to analyze and describe the production, distribution, and consumption of wealth. The word "economics" is from the Greek nomos" target="_blank" >*, "custom, law," and hence means "household management." "management of the state." An economist is a person using economic concepts and data in the course of employment, or someone who has earned a university degree in the subject.
The classic brief definition of economics, set out by Lionel Robbins in 1932, is "the science which studies human behavior as a relation between scarce means having alternative uses." Briefer yet is "the study of how people seek to satisfy needs and wants." Absent scarcity and alternative uses, there is no economic problem.Economics can also be defined as the study of "The financial aspects of human behaviour."
The subject has two broad branches: microeconomics, where the unit of analysis is the individual agent, such as a household, firm (economics jargon for a "business"), or government department, and macroeconomics, where the unit of analysis is the nation state. Another division of the subject distinguishes positive economics, which seeks to predict and explain economic phenomena, from normative economics, which orders choices and actions by some criterion; such orderings necessarily involve subjective value judgments.
More on [ Economics ]
@wadditz88 Welcome To Economics 101. Gouge = $$$$
trophyguy (trophyguy) Thu, 05 Nov 2009 18:07:23 -0000
@wadditz88 Welcome To Economics 101. Gouge = $$$$
It's About the Money, Stupid - Ellen Ruppel Shell: Basic economics tells us that human beings tend to follo.. http://bit.ly/1uZqJx
CedarCreekCaptl (Cedar Creek Capital) Thu, 05 Nov 2009 18:07:01 -0000
It's About the Money, Stupid - Ellen Ruppel Shell: Basic economics tells us that human beings tend to follo.. http://bit.ly/1uZqJx
Mumbo Jumbo Economics http://sodahead.com/blog/181837/
mrcapitalist (Andy Zarowny) Thu, 05 Nov 2009 18:06:52 -0000
Mumbo Jumbo Economics http://sodahead.com/blog/181837/
RT @mmfa How Fox News deceives its viewers: http://bit.ly/J3rcA #p2 #media #economics
psyvid (David Brown) Thu, 05 Nov 2009 18:06:27 -0000
RT @mmfa How Fox News deceives its viewers: http://bit.ly/J3rcA #p2 #media #economics
Nxt Summit speaker Rebecca Kilburn, economist w/RAND Corp on Economics & early childhood policy.#NMECDP
Wendy92 (Wendy Forbes) Thu, 05 Nov 2009 18:06:21 -0000
Nxt Summit speaker Rebecca Kilburn, economist w/RAND Corp on Economics & early childhood policy.#NMECDP
Queen's Economics Dept ranked #1 in Canada. Yeah! http://bit.ly/40waDM
shwetajacob (Shweta Jacob) Thu, 05 Nov 2009 18:05:10 -0000
Queen's Economics Dept ranked #1 in Canada. Yeah! http://bit.ly/40waDM
Economics Library - Resources and information.
Meta Description: [ Business and Economics Library website. ]
IMF Libraries - Fourteen World Bank and International Monetary Fund libraries provide information services and resources to Bank and IMF staff. On-line catalog and information for visitors.
Meta Description: [ Welcome to the Joint Bank-Fund Library Network. These World Bank and International Monetary Fund libraries work together to provide information services and resources to Bank and IMF staff. ]
German National Library for Economics - Free access to database ECONIS which contains references to books and articles and links to free documents on the Web. Site in German and English.
Helsinki School of Economics Library - Access to the Helecon economics database, and online resources in economics, focused on European resources. Site in Finnish and English.
Library of the London School of Economics and Political Science - Access to the online catalog, news, other library pages, and Internet resources.
The Stockholm School of Economics Library - The Swedish National Resource Library for Business and Economics; access to the online catalog and Internet resources, including working papers and European Union sites.
University of Cambridge Marshall Library of Economics - Catalogue, Internet links in economics, online journals and working papers.
University of Minnesota Economics Research Library - Extensive links to Internet resources, including working papers from Minnesota, various Centers, and worldwide.
University of Pittsburgh GSPIA/Economics Library - Subject guides for public affairs, international affairs, and economics, and general library and departmental information.
Working Class Movement Library - A collection of materials concerned with the activities, expression and enquiries of the labor movement, its allies and its enemies, since the late eighteenth century.
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