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Outline of economics

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Outline of economics
Economics

GDP per capita by country (World Bank, 2011)
General classifications




Microeconomics
Macroeconomics
History of economic thought
Methodology
Heterodox approaches
Technical methods




Econometrics
Experimental
Mathematical
National accounting
Fields and subfields

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Behavioral

Business

Computational

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distribution. • Field of science – widely-recognized category of specialized expertise within science.or received by . and consumption of goods and services. Nature of economics Economics can be described as all of the following: • Academic discipline – body of knowledge given to . or field of study. • Social science – field of academic scholarship that explores aspects of human society. It aims to explain how economies work and how economic agents interact.a disciple (student). that an individual has chosen to specialise in. There are many sociology-related scientific journals. a branch or sphere of knowledge.Outline of economics 2 • Monetary and Financial economics • Natural resource • Personnel • Public and Welfare economics • Regional • Rural • Urban • Welfare Lists • Categories • Economists • Index • Journals • Outline • Publications • Business and economics portal The following outline is provided as an overview of and topical guide to economics: Economics – analyzes the production. Essence of economics • • • • Business Economy Finance Trade Branches of economics Subdisciplines of economics • • • • • • • Attention economics Behavioural economics Bioeconomics Contract theory Development economics Econometrics Economic geography . Such a field will usually be represented by one or more scientific journals. and typically embodies its own terminology and nomenclature. where peer reviewed research is published.

Outline of economics • • • • • • • • • • • • • • • • • Economic history Economic sociology Education economics Energy economics Entrepreneurial economics Environmental economics Feminist economics Financial economics Green economics Industrial organization Information economics International economics Institutional economics Islamic economics Labor economics Law and economics Managerial economics • • • • • • • • • Mathematical economics Monetary economics Public finance Public economics Real estate economics Regional science Resource economics Socialist economics Welfare economics Methodologies or approaches • • • • • • • Behavioural economics Computational economics Econometrics Evolutionary economics Experimental economics Praxeology .(used by the Austrian School) Social psychology Multidisciplinary fields involving economics • • • • • • • Constitutional economics Econophysics Neuroeconomics Political economy Socioeconomics Thermoeconomics Transport economics 3 .

distribution.Outline of economics 4 History of economics • Economics of classical antiquity • Aristotle • Nicomachean Ethics • Economics in the Middle Ages: Feudalism and Manorialism • Economics of the Renaissance: Mercantilism • Economics of the Age of Enlightenment • British Enlightenment • John Locke • Dudley North • David Hume • French Enlightenment: Physiocracy • François Quesnay • Tableau économique • Anne Robert Jacques Turgot. exchange. Political economy • Adam Smith • Wealth of Nations • Schools of economic thought Types of economies Part of a series on Economic systems • Business and economics portal An economy is the system of human activities related to the production. and consumption of goods and services of a country or other area. Economies. Baron de Laune • Reflections on the Formation and Distribution of Wealth • Economics of the Industrial Revolution: Classical economics. by political & social ideological structure • • • • • • • • • • Capitalist economy Communist economy Corporate economy Fascist economy Laissez-faire Mercantilism Natural economy Primitive communism Social market economy Socialist economy .

by scope • • • • • • • • • • • Anglo-Saxon economy American School Hunter-gatherer economy Information economy New industrial economy Palace economy Plantation economy Token economy Traditional economy Transition economy World economy Economies. in which the market consists of a very large number of firms producing a homogeneous product. • Natural monopoly.Outline of economics Economies. • Monopoly. • Monopsony. • Oligopoly. • Monopolistic competition. where there is only one provider of a product or service. by regulation • Closed economy • Dual economy • Gift economy • • • • • • • • • Informal economy Market economy Mixed economy Open economy Participatory economy Planned economy Subsistence economy Underground economy Virtual economy Market forms • Perfect competition. also called competitive market. • Oligopsony. 5 . where there are a large number of independent firms which have a very small proportion of the market share. a market dominated by many sellers and a few buyers. when there is only one buyer in a market. in which a market is dominated by a small number of firms which own more than 40% of the market share. a monopoly in which economies of scale cause efficiency to increase continuously with the size of the firm.

Outline of economics General economic concepts • • • • • • • • • • • • • Agent Aggregate demand Aggregate supply Agricultural policy Antitrust Arbitrage Big Mac Index Big Push Model Black market Business cycle Cash crop Canadian and American economies compared Capital • Capital asset • Capital intensity • Financial capital • Human capital • Individual capital • Natural capital • Social capital • Capitalism • • • • • • • • • • • • • • • • • • • • • • Natural Capitalism Cartel Catch-up effect Central bank Chicago school Classical economics Collective action Collusion Commodity Commodity markets Comparative advantage Competition Competitive advantage Complement good complementarity Consumer Consumer and producer surplus Consumer price index Consumerism Consumer theory Consumption Cost • Cost-benefit analysis • Cost-of-living index 6 .

Outline of economics • Currency • • • • • • • • • • Community currency • Dollar • Local currency • Petrocurrency • Reserve currency • Time-based currency • Yen Decentralization Debt Deflation Depression Devaluation Disinflation Disposable income Distribution Economic • • • • • • • • • • • • • • • • • • • • Economic data • Economic growth • Economic indicator • Economic profits • Economic modeling • Economic reports • Economic subjectivism • Economic system Economies of agglomeration Economies of scale Economies of scope Economy Ecosystem services Efficiency wage hypothesis Efficient market hypothesis Elasticity Employment Entrepreneur Entrepreneurship Environmental finance Euro Event study Experience economy Export Externality Factors of production Factor price equalization • Federal Reserve • Finance • Financial crisis 7 .

Outline of economics • • • • • • • • • • • • • • • • • Financial instruments Fiscal neutrality Fiscal policy Free goods Full-reserve banking Game theory General equilibrium Globalization Gold Standard Goods Government-granted monopoly Gross domestic product Gross national product History of economic thought Home economics Human Development Index Human development theory • • • • • • • • • • • • • • • • • • • • • • • • • • • • Hyperinflation Import Import substitution Incentive Income Income elasticity of demand Income velocity of money Induced demand Industrial Organization Industrial policy Industrial Revolution Industrialisation Inferior goods Inflation Input-output model Interest Investment Investment policy Invisible Hand Keynes. John Maynard Keynesian economics Knowledge-based economy Laissez-faire Land List of scholarly journals in economics Living wage Local purchasing Lorenz curve • Macroeconomics • Marginal Revolution 8 .

macroeconomics Modern portfolio theory Monetarism Monetary policy Monetary reform Money Money supply Monopoly profit Moral hazard Moral purchasing Multiplier (economics) National income Natural gross domestic product Neoclassical economics Neo-classical growth model Neo-Keynesian Economics Network effect Network externality New classical economics New Keynesian economics Normal goods Operations research Opportunity cost • Output • Parable of the broken window 9 .Outline of economics • Marginalism • Market • • • • • • • Labor market • Market (economics) • Market economy • Market failure • Market form • Market power • Market share • Market system • Market transparency Means of production Measures of national income Measuring well-being Medium of exchange Mental accounting Menu costs • • • • • • • • • • • • • • • • • • • • • • • • • • • • Mercantilism Mergers and acquisitions Minimum wage Missing market Model .economics Model .

Outline of economics • • • • • • • • • • • • • • • • • Pareto efficiency Participatory economics Poverty Poverty level Preference Price Price discrimination Price elasticity of demand Price points Production Outline of industrial organization Production function Production theory basics Productivism Productivity Profit (economics) Profit maximization • • • • • • • • • • • • • • Prospect theory Public choice theory Public bad Public debt Public good Purchasing power parity Rate of return pricing Rational choice theory Rational expectations Rational pricing Reaganomics Real business cycle Real versus nominal in economics Recession • • • • • • • • • • • • • • List of recessions Regression analysis Returns to scale Risk premium Saving Scarcity Seven-generation sustainability Slavery Social cost Social credit Social welfare Socialism Specialization Stagflation • Standard of living • Stock exchange 10 .

tariff and trade • Terms of trade • Trade bloc • Trade pact • Trader Ethic Transaction cost Triple bottom line Trust Utility Utility Maximization Problem Utilitarianism UN Human Development Index Uneconomic growth Unemployment United States dollar U. tariff and trade • Value-added tax • Technostructure • Time preference theory of interest • The Theory of Moral Sentiments by Adam Smith • Trade • • • • • • • • • • • • • Balance of trade • Fair trade • Free trade • International trade • Safe trade • Tax.S.Outline of economics • • • • • • • • • • Subsidy Subsistence agriculture Substitute good Sunk cost Supply and demand Supply-side economics Sustainable competitive advantage Sustainable development Sweatshop Tax • Income tax • Land value tax • Sales tax • Tariff • Tax. public debt Value • Cost-of-production theory of value • Labor theory of value • Surplus value • Time value of money • Value added 11 .

Tawney Peter Temin Adam Tooze Eberhard Wächtler Jeffrey Williamson Tony Wrigley . Hamilton Eli Heckscher Eric Hobsbawm Leo Huberman Harold James Ibn Khaldun Charles P. S. Cipolla Gregory Clark Thomas C. Ashton Correlli Barnett Jörg Baten Maxine Berg Ben Bernanke Fernand Braudel Rondo Cameron Sydney Checkland Carlo M. Kindleberger John Komlos Emmanuel Le Roy Ladurie David Landes Tim Leunig Friedrich List Robert Sabatino Lopez Angus Maddison Karl Marx Peter Mathias Ellen McArthur Deirdre McCloskey • • • • • • • • • • • • • • • • • • • • Joel Mokyr Cormac Ó Gráda Henri Pirenne Karl Polanyi Erik S. Cochran Nicholas Crafts Louis Cullen Peter Davies Brad DeLong Barry Eichengreen Stanley Engerman Charles Feinstein Niall Ferguson Ronald Findlay • • • • • • • • • • • • • • • • • • • • • Roderick Floud Claudia Goldin John Habakkuk Earl J. Reinert Christina Romer W.Outline of economics • • • • • • • 12 • Value of Earth • Value of life Virtuous circle and vicious circle Wage rate Wealth X-efficiency Yield Zero sum game Zone pricing Persons influential in the field of economics Economic historians Nobel Prize winning economic historians • Milton Friedman won the Nobel Memorial Prize in Economic Sciences in 1976 for "his achievements in the fields of consumption analysis. won the Nobel in 1990 with Harry Markowitz and William Sharpe. • Robert Fogel and Douglass North won the Nobel in 1993 for "having renewed research in economic history by applying economic theory and quantitative methods in order to explain economic and institutional change". Rostow Murray Rothbard Larry Schweikart Ram Sharan Sharma Adam Smith Anna Jacobson Schwartz Robert Skidelsky Graeme Snooks R. • Merton Miller. Other notable economic historians • • • • • • • • • • • • • • • • • • • • • Moses Abramovitz T. who started his academic career teaching economic history at the LSE. H. monetary history and theory and for his demonstration of the complexity of stabilization policy". W.

org/ SurfingEconomics/ chapter1.Outline of economics External links • The Joy of Economics [1]. pdf 13 . chapter 1 of Surfing Economics by Huw Dixon References [1] http:/ / huwdixon.

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