8/13/2023 0 Comments Economics expert![]() ![]() If you are a journalist, you might want research summaries and complimentary access to our journal publications - both reliable sources of current economic information. We have resources on everything from learning more about economics to preparing for a career in economics. If you are a student, you might be wondering about how much economists earn or how to apply to graduate school in economics. Learning about economic concepts can help you to understand the news, make financial decisions, shape public policy, and see the world in a new way. You can check out the field’s classification system (called JEL codes ) for more topics that economists study.Įconomics affects everyone’s lives. Its applications include health, gender, the environment, education, and immigration. And, their contributions inform everything from public policy to household decisions.Įconomics intersects many disciplines. Using theoretical models or empirical data, they evaluate programs, study human behavior, and explain social phenomena. Įconomists have all kinds of jobs, such as professors, government advisors, consultants, and private sector employees. A microeconomist might focus on families’ medical debt, whereas a macroeconomist might focus on sovereign debt. The study of the economy as a whole is called macroeconomics. ![]() The study of individual decisions is called microeconomics. Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years.Įconomics ranges from the very small to the very large. It often involves topics like wealth and finance, but it’s not all about money. It’s the study of scarcity, the study of how people use resources and respond to incentives, or the study of decision-making. Below, we’ve provided links to short articles that illustrate what economics is and how it connects to our everyday lives.Įconomics can be defined in a few different ways. Why do we ignore information that could help us make better decisions?Įconomics can help us answer these questions. How can data help us understand the world? Why are some countries rich and some countries poor? What is economics? Understanding the discipline ![]()
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