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Search Results - Economics

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Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek ??????µ?a (oikonomia, "management of a household, administration") from ????? (oikos, "house") + ??µ?? (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] 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.[2]

A definition that captures much of modern economics is that of Lionel Robbins in a 1932 essay "the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."[3] Scarcity means that available resources are insufficient to satisfy all wants and needs. Absent scarcity and alternative uses of available resources, there is no economic problem. The subject thus defined involves the study of choices as they are affected by incentives and resources.

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,[4] education,[5] the family, health, law, politics, religion,[6] social institutions, war,[7] and science.[8] The expanding domain of economics in the social sciences has been described as economic imperialism.[9][10]

Common distinctions are drawn between various dimensions of economics between positive economics (describing "what is") and normative economics (advocating "what ought to be") or between economic theory and applied economics or 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"[11]). However the primary textbook distinction is between microeconomics ("small" economics), which examines the economic behavior of agents (including individuals and firms) and macroeconomics ("big" economics), addressing issues of unemployment, inflation, monetary and fiscal policy for an entire economy.

Showing 1 to 25 of 500 Articles matching 'Economics' in related articles.
Pages: 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | Next >>

1. Vietnam - one of world's most peaceful nations
November 06, 2009

The symposium, co-organised by the Fulbright Centre and the Alliance for Peacebuilding (AfP), two US non-profit organizations, aims to build a more peaceful world and honours the most peaceful countries in the world. The symposium attracted the 18 countries with the highest Global Peace Index (GPI) in 2009. The GPI, produced by the Institute for Economics and Peace in Sydney, Australia, is composed of 23 qualitative and quantitative indicators. Vietnam ranks 39th among 144 countries in the GPI’s ranking and second after Singapore in South Asia and Southeast Asia. According to a ... (read more)

Author: Ciao Travel

2. Technological Advance and Urban Economic Activity: Degree Level Case Studies
November 05, 2009

The effect of ICT advances on the distribution of urban economic activity is a popular topic for undergraduate geographers and economists. This article provides some case studies which can be used to back up arguments surrounding the debate over whether technological advance causes decentralisation or clustering of economic activity. References and suggested reading are provided at the end of the article. Cheshire (1995 pp.1051) summarises how decentralisation has moved southwards through the EU. From 1975-81 78% of urban cores in Northern European countries experienced decentralisatio... (read more)

Author: Owen Stevens

3. Deflation is more dangerous than Inflation !
November 03, 2009

Economics is a simple science which is too complicated, said Churchill. This statement is proved true today, with conflicting reports about inflation and deflation. Inflation is measured using the WPI ( Whole Sale Price Index ). When inflation becomes negative, it becomes deflation. For example, say WPI at June 06,2007 was 200 and on June 06, 2008 was 220, then we say, inflation was ten percent. If on June 06, 2009 the WPI was 231, then we say that Inflation is five percent more than last year’s. On June 18, 2009, the Govt announced that India is under deflation. If deflatio... (read more)

Author: Govind Kumar

4. Is Your Wealth Endangered?
November 05, 2009

2 Financial Planning Strategies to help protect your assets Would you like more control of your finances? The first thing you'd need to do is to actually create a plan. And then, you need to keep your goals and purposes in mind as you invest. But that's just the beginning. Read on for two more of the six key elements you need to deal with before you can be assured you've covered the basics. These two keys are absolutely essential, yet many people are reluctant to deal with them because doing so makes them uncomfortable. No one likes to think about dying, and no one likes to think about g... (read more)

Author: Christopher Music WAA

5. The Effect of Technology Advances on Urban Structure and Economic Activity
November 05, 2009

This article examines the effect of rapid development in ICT on the urban environment with particular reference to the location of economic activity. References and suggested readings are provided below. Cities exist to make our communication and economic exchange easier. The dense concentration of people and firms within cities lowers the cost of trading, as the market is easily accessible to the firm and vice versa, firms have access to an extensive labour market and workers can find employment. People and firms locate in cities because it reduces their transport costs either to take... (read more)

Author: Owen Stevens

6. Sustainability of Concrete masonry
November 03, 2009

CCMA stands for Carolinas Concrete Masonry Association. It is a non-profit trade organization. This association focuses on promoting the premium utilization of technical information, masonry materials, the benefits as well as economics of the using masonry, codes and designs for the commercial and residential construction markets. Carolinas Concrete Masonry Association offers not only education but also promotional assistance as well as advocacy to all its members. Concrete masonry product has advanced characteristics. It does not have any negative impacts on the environment. Furthermore, it ... (read more)

Author: Willox Perez

7. Increasing Your Income
November 03, 2009

Practical Financial Planning Advice You've got to make money before you spend money. If you think of the kind of financial advice you usually get from financial advisors, you'll probably find that it's pretty much entirely focused on the second half of that sentence: saving and investing money. That's certainly a legitimate approach, but it's severely limiting. How much can you really save and invest when you're dealing with a limited amount of income? Read on to find out about another approach. A company's financial situation has two aspects: what comes in and what goes out. Obviously,... (read more)

Author: Christopher Music WAA

8. Obama's Stimulus Package Is Working: Keynesian Economics Works
November 02, 2009

In October 1929 the stock market crashed, making obvious the problems that caused the Great Depression. ?This market crash of 1929 may be the worst economic crisis in American history. In September 2008 The worst liquidity crisis unfolded over a weekend: Lehman Brothers heads for bankruptcy, AIG begs for survival, Bank of America swallows Merrill Lynch, and all hell breaks loose. But will the financial crisis send the economy on a spiral downward? Will a Great Depression follow? Economic history shows that two of the main causes of the Great Depression were: Lack of liquidity ... (read more)

Author: marciano guerrero

9. All You Need To Know About Nobel Prize
November 02, 2009

The Nobel Prize is an international award administered by the Nobel Foundation in Sweden. This award was established by the will of Alfred Nobel, a Swedish chemist, and inventor. The Nobel Prize was first awarded in 1901 for achievements in Physics, Chemistry, Physiology or Medicine, Literature and Peace. Sveriges Riksbank, in memory of Alfred Nobel established an associated award in Economics in 1968. The Nobel Prize is widely regarded as the most prestigious award one can receive in their respective fields. The Nobel Prize consists of a document confirming the prize amount, a Nobel Priz... (read more)

Author: Charles Taylor

10. Improve your Eyesight Naturally - Much less popular but Effective and Economics Option to Improve y
November 02, 2009

Improve your eyesight naturally seems impossible for most people, beacuse up until now, there are 2 big roads that people have to go to improve their eyesight. First is wearing glasses, by far this is the most popular path and second is surgery which become increasingly popular as well. Since we were kids, we were told to eat carrots to strengthen our eyes, nothing wrong with that, but once our vision deteriorated, then those 2 big solutions stand in front of us, Glasses or Surgery. It seems that there's no way out outside those 2 options. Is this really the case? Did you notice that... (read more)

Author: Andy Riandi

11. Building Wealth
November 02, 2009

How to Pay For Your Lifestyle without Credit Cards Can you afford your lifestyle? How much income does it really take to live the way you want? And what can you do about paying for it? First of all, what is a "lifestyle"? Well, it's the quality of your living and working environment: the house you live in, the clothes you wear, the food you eat, the car you drive, entertainment choices, etc. In other words, it's everything that you spend your money on. And this chosen quality of living has a cost, and one that's probably more than you think. Many Americans have grown up with the ide... (read more)

Author: Christopher Music WAA

12. Three Unknown Heroes Of The Twentieth Century: Ludwig von Mises, Henry Hazlitt, and Murray Rothbard
November 01, 2009

"True courage is not the brutal force of vulgar heroes, but the firm resolve of virtue and reason." ~Alfred North Whitehead When I went to college I stayed away from economics. I don't know if I was aware of Carlyle's description of Economics as "the dismal science" at the time, but I certainly would have agreed with it. I never studied it. I just knew it to be dreary and boring and had no interest in it. If I had taken it, I wonder if I would have heard of three heroes of mine: three men who sacrificed their careers for moral integrity and liberty. I suspect that if I had taken economi... (read more)

Author: David Singhiser

13. Plasma CNC Drill Line Runs Rings Around Standard Beam Lines
November 01, 2009

How Advanced Plasma Cutting Is Replacing the Drill LineThe economy of structural steel fabrication is very dependent on the path the workpiece takes as it goes from raw steel inventory to eventual loading on a truck headed for the job site. Each time the workpiece is "touched" adds delay and cost to the final finished beam, channel or angle. Touches happen by: - Measuring and marking the workpiece to plan cuts, - Moving the workpiece from one workstation to another, - Flipping the workpiece to access the opposite side for cutting/drilling, - Moving in and out of the workpath while ... (read more)

Author: Paul Luce

14. Asset Protection
November 01, 2009

Are your assets protected? Are you sure? If you're like a lot of people, you may think your assets are safe, but the reality is very different. What is asset protection? Well, it is creating barriers between your assets and anyone who is attacking them. This includes lawsuits and taxes among others. Just know that if you own any assets in your own name they are generally NOT protected. Let's take the subject of lawsuits. Did you know that in the US alone there are more than 50,000 lawsuits filed each day? When is your turn? How do you structure your affairs so that you have your assets prot... (read more)

Author: Christopher Music WAA

15. Business resource: - Business related types of podcasts...
November 01, 2009

Among the many genres or types of podcasts there are some that are have moved beyond the entertainment or plain informational aspect of podcasting (which was very prevalent during its very early years). These new genres have a far more loftier aim – to inform AND help people. There is a whole new wave of podcasts that have adopted this goal and they run the gamut of topics from technology, science, economics, even home improvement. But by far, the podcast type that is seems to be experiencing a massive push in popularity among podcast fans is business podcasts. Business podcasts are stil... (read more)

Author: Parvez Pathan

16. A social media cheat sheet for business
November 01, 2009

A social media cheat sheet for business "In America, you have the watches but no time. In Nairobi, we have the time but no watches." That's a familiar quote I heard recently from "Evans," an international student from Kenya who is currently enrolled at the Tuck School of Business at Dartmouth College. He got me thinking about the economics of marketing in the U.S., and how the proliferation of social networks has influenced media consumption and business user engagement. Although it is rarely thought of in this context, the rise of social marketing is rooted in basic economic principles.... (read more)

Author: Chris DeMartine

17. 2 Keys to Grow Your Wealth
November 01, 2009

Financial Planning Strategies Are you in control of your finances? Unless you're very unusual, the answer is probably no. And if that's the case, it means that you're probably losing out big-time. Read on to discover the two keys that get you started with effective financial planning. Sure, there are more aspects to financial planning. However, these two major keys are absolutely essential, and without them, none of the others matter. So they're the ones you should start with: 1. Create a Plan When you plan, you set up a sequence of actions you intend to take that will take you whe... (read more)

Author: Christopher Music WAA

18. What is A gold Party? 13
October 31, 2009

let's be honest, the times are rough! In the downswing of Yank economics folks your seeing less and less of Mary Kay and spoiled Chef parties and more gold parties. But perhaps your unsure what they are. Since the gold jewellery you purchased ten years ago have tripled in worth folks are turning around and making a return and they do so through gold parties. Remember the last Mary Kay party you went to. Lounging around with your girlfriends and neighbors, slurping wine, and listening about the newest cosmetic line. Now lets make one alteration. Instead of going home knowing you spen... (read more)

Author: Gold Parties

19. The Realities of 2012
October 29, 2009

As with most serious problems in our country, only a crisis of major proportions generates action. By the time action is taken, however, it is always a day late and a dollar short. This results in bad judgment and further serious consequences. But this time it's going to be 2012, the end of our world as we know it. All of the following will not happen by 2012. By 2012, however, the handwriting will be on the wall, and it will say that the only way we could ever get our power back is through a world war. Both parties of congress point fingers at each other regarding the deficit, but ... (read more)

Author: anagarika eddie rock

20. The Truth about the Credit Crunch
October 29, 2009

Revisiting the Debt-to-Income Ratio Rule If you have ever applied for a mortgage, you may well have wondered about where that “28/36 debt-to-income ratio rule” came from that the mortgage broker talked to you about….and whether it even makes any sense. After sometime researching, I discovered some very surprising facts. When you apply for a mortgage, the banks will usually calculate your debt-to-income ratio. The idea is that your total monthly debt repayments shouldn't be above a certain threshold relative to your income. And there are two numbers. The first one concerns your housing ... (read more)

Author: Christopher Music WAA

21. "Zen International"- International Economics-(US House Prices Rise)
October 29, 2009

“Zen International”: Homes in 20 metropolitan areas increased by 1.2% but all is not as it seems. Figures showing that home prices in 20 US metropolitan areas rose by 1.2% in August were greeted with indifference by analysts at “Zen International”. Sources close to the Asian-based boutique investment house said that the analysts remain convinced that only the $8,000 US government tax credit for first-time homebuyers was responsible for the meager upturn in activity in a market that is now in its 3rd year of decline. One of the “Zen International” sources added that it was likely tha... (read more)

Author: Alexanrda Thompkins

22. Online Teaching - Making the World Conversant
October 28, 2009

The current economic downturn has forced many professionals including IT personnel, bankers, even secretaries out of their jobs. The flip side to the story is the vast plethora of opportunities being now made available thanks to e-learning. Subjects like Math, Economics, and Science have a huge number of takers, no doubt, yet there are plenty of avenues open to people conversant in other disciplines like assignment help, help for homework as well. Are you well-versed in languages? Do you have a degree in French, German, Russian or, maybe, Arabic, lying unused and unexploited? Time wa... (read more)

Author: Mike Greaves

23. Business resource: - Business related types of podcasts
October 28, 2009

Among the many genres or types of podcasts there are some that are have moved beyond the entertainment or plain informational aspect of podcasting (which was very prevalent during its very early years). These new genres have a far more loftier aim – to inform AND help people. There is a whole new wave of podcasts that have adopted this goal and they run the gamut of topics from technology, science, economics, even home improvement. But by far, the podcast type that is seems to be experiencing a massive push in popularity among podcast fans is business podcasts. Business podcasts are stil... (read more)

Author: parvez pathan

24. Gucci Launched New Microsite Named Gucci Eyeweb
October 28, 2009

As for the social media site, the Facebook and Twitter are greatly familiar to most bloggers. Facebook, is a hub of keeping in the know with friends and family, while the Twitter is the hot spot for sharing news on economics, politics and fashion. Now, the top fashion house Gucci just released its new Gucci Eyeweb sunglasses line and launched a new microsite named Gucci Eyeweb. That is really a fun twist with its new venture. Eyeweb will debut Gucci's newest eyewear collection, as well as an online tool for users to share their party photos and comments. Gucci's creative director Frida Gi... (read more)

Author: Tina Smith

25. Nobel laureates of 2007
October 28, 2009

The Nobel Foundation started in 1900 based on the will and testament of Alfred Nobel written on 27th November 1895. As per his wish, the award should be given to those who make outstanding contributions to the mankind in the five areas, Physics, Chemistry, Medicine or Physiology, Literature, and Peace, while Economics category added later in 1968. Nobel Prizes in 2007 The Nobel prizes were awarded to the following people in the respective areas as mentioned below. Overall, 10 people became Nobel laureates in 2007 as recognized by the Nobel Prize Foundation in Physics, Chemistry, Medicin... (read more)

Author: Jameson Parker

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