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Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets. Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.
Ecological economics like environmental economics studies the interactions between human economies and the ecosystems in which they are embedded, [99] but in contrast to environmental economics takes an oppositional position towards general mainstream economic principles. A major difference between the two subdisciplines is their assumptions ...
Keynesian economics has developed from the work of John Maynard Keynes and focused on macroeconomics in the short-run, particularly the rigidities caused when prices are fixed. It has two successors. Post-Keynesian economics is an alternative school—one of the successors to the Keynesian tradition with a focus on macroeconomics. They ...
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, ... however, because it has two major advantages. First, monetary policy ...
Information economics is a branch of microeconomic theory that studies how information and information systems affect an economy and economic decisions. Information has special characteristics. It is easy to create but hard to trust. It is easy to spread but hard to control. It influences many decisions.
Marxian economics, or the Marxian school of economics, is a heterodox school of political economic thought. Its foundations can be traced back to Karl Marx's critique of political economy . However, unlike critics of political economy , Marxian economists tend to accept the concept of the economy prima facie .
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Development economics is a branch of economics that deals with economic aspects ... There are two major forms of structural-change theory: W. Lewis' two-sector ...