What Fields Are Discussed In Economics?
What Fields are Discussed in Economics?
Microeconomics
Microeconomics is the study of individual behavior in the marketplace and the decisions people make. It focuses on the pricing of goods and services, the behavior of buyers and sellers, and the impacts of government policies on the market. It looks at the individual components of an economy and the decisions that people make in regards to these components. It looks at how the supply and demand of goods and services are impacted by individual decisions, as well as how the decisions of one person can affect the decisions of other people.
Macroeconomics
Macroeconomics is the study of the overall economic performance of a country or region. It looks at the bigger picture and how economic policies, such as taxes and interest rates, can affect the economy. It also looks at the effect of global events on the economy. In contrast to microeconomics, macroeconomics looks at the aggregate economic performance of the entire economy, rather than one individual or group.
Public Economics
Public economics is the study of how public policy affects the economy. It looks at how government policies, such as taxation and regulations, can influence the economy. It also looks at how public goods and services, such as education and health care, can affect the economy. Public economics looks at how the public sector can influence the economy, as well as how the public sector can be used to achieve certain economic goals.
International Economics
International economics is the study of how different countries interact with each other in the global economy. It looks at how trade between countries affects the economic performance of countries, as well as how international investment and capital flows can affect economic performance. It also looks at how different countries can benefit from free trade agreements and how countries can use trade policies to gain an economic advantage.
Development Economics
Development economics is the study of how countries can achieve economic growth and development. It looks at how countries can use policies to promote economic growth and reduce poverty. It also looks at how countries can use policies to improve the quality of life for people living in poverty. Development economics looks at how countries can use economic policy to achieve economic development and improve the quality of life for people living in poverty.
