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  2. Greg Mankiw - Wikipedia

    en.wikipedia.org/wiki/Greg_Mankiw

    Nicholas Gregory Mankiw (/ ˈmænkjuː /; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at Harvard University. [4] Mankiw is best known in academia for his work on New Keynesian economics. [5] Mankiw has written widely on economics and economic policy.

  3. Principles of Economics (Mankiw book) - Wikipedia

    en.wikipedia.org/wiki/Principles_of_Economics...

    ISBN. 0-030-27087-1. Principles of Economics[1] is an introductory economics textbook by Harvard economics professor N. Gregory Mankiw. It was first published in 1997 and has ten editions as of 2024. [2] The book was discussed before its publication for the large advance Mankiw received for it from its publisher Harcourt [3] and has sold over a ...

  4. Microeconomics - Wikipedia

    en.wikipedia.org/wiki/Microeconomics

    Shown is a marketplace in Delhi. Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. [1][2][3] Microeconomics focuses on the study of individual markets, sectors, or industries as ...

  5. History of microeconomics - Wikipedia

    en.wikipedia.org/wiki/History_of_microeconomics

    Bottom row: Michael Spence, George Akerlof, Joseph Stiglitz. Microeconomics is the study of the behaviour of individuals and small impacting organisations in making decisions on the allocation of limited resources. The modern field of microeconomics arose as an effort of neoclassical economics school of thought to put economic ideas into ...

  6. Schools of economic thought - Wikipedia

    en.wikipedia.org/wiki/Schools_of_economic_thought

    Economics. In the history of economic thought, a school of economic thought is a group of economic thinkers who share or shared a mutual perspective on the way economies function. While economists do not always fit within particular schools, particularly in the modern era, classifying economists into schools of thought is common.

  7. Supply and demand - Wikipedia

    en.wikipedia.org/wiki/Supply_and_demand

    In Principles of Political Economy and Taxation, Ricardo more rigorously laid down the idea of the assumptions that were used to build his ideas of supply and demand. In 1838, Antoine Augustin Cournot developed a mathematical model of supply and demand in his Researches into the Mathematical Principles of Wealth, it included diagrams. It is ...

  8. Managerial economics - Wikipedia

    en.wikipedia.org/wiki/Managerial_economics

    Economics is the study of the production, distribution, and consumption of goods and services. Managerial economics involves the use of economic theories and principles to make decisions regarding the allocation of scarce resources. [2] It guides managers in making decisions relating to the company's customers, competitors, suppliers, and ...

  9. General equilibrium theory - Wikipedia

    en.wikipedia.org/wiki/General_equilibrium_theory

    e. In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an overall general equilibrium. General equilibrium theory contrasts with the theory of partial ...

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