What are the different types of Economics?

Economics is divided into two general categories: microeconomics and macroeconomics. One looks at the individual markets while the other looks at an entire economy. From there, we can narrow economics into a number of subfields of study. These include econometrics, economic development, agricultural economics, urban economics, and much more.

What is simple economics?

Welcome to Simply Economics. This article is the first in a series to explain economics to those who want to start to understand the subject. The Nature of Economics. Economics is a social science, which means it studies human behaviour. Economics looks at how limited resources are allocated to meet the unlimited needs and wants of a human.

What does economics stand for?

For other uses, see Economics (disambiguation). Economics ( / ˌɛkəˈnɒmɪks, ˌiːkə -/) is a social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.