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Taken together, two landmark papers in economic theory which were published before the field of Behavioral Economics emerged, the first is the paper "Uncertainty, Evolution, and Economic Theory" by Armen Alchian from 1950 and the second is the paper "Irrational Behavior and Economic Theory" from 1962 by Gary Becker, both of which were published ...
Karl Marx; Das Kapital, 1867; Das Kapital on Wikisource; Annotations, Explanations and Clarifications to Capital.; Description: A political-economic treatise by Karl Marx.Marx wrote this critical analysis of capitalism and of the political economy from the perspective of historical materialism, the view that history can be understood as a sequence of modes of production in which exploiting ...
The Journal of Economic Psychology is a bimonthly peer-reviewed academic journal covering behavioral economics. It was founded by Willem Frederik (Fred) van Raaij in 1981 and is published by Elsevier on behalf of the International Association for Research in Economic Psychology , of which it is the official journal.
An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...
Nudges in education are techniques used to subtly guide students towards making better choices and achieving their academic goals. These nudges are based on the principles of behavioral economics and psychology, particularly the concept of dual process theory. This theory suggests that there are two systems of thinking: System 1, which is ...
Education economics – study of economic issues relating to education, including the demand for education, the financing and provision of education, and the comparative efficiency of various educational programs and policies. Energy economics – broad scientific subject area which includes topics related to supply and use of energy in societies.
Paper 1 consists of one prompt from each of Microeconomics, Macroeconomics and Global Economics. Students choose and write on one of the prompts only. Each question is divided into two sections with part (a) being worth 10 points and part (b) being worth 15. Paper 2 involves answering one of two data response questions.
The manual reports studies comparing the EPPS with the Guilford Martin Personality Inventory and the Taylor Manifest Anxiety Scale. Other researchers have correlated the California Psychological Inventory, the Adjective Check List, the Thematic Apperception Test, the Strong Vocational Interest Blank, and the MMPI with the EPPS. In these studies ...