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When thinking of the job of an economist, we might think of something like a math wizard in an ivory tower with a mega calculator and, possibly, a crystal ball. It's true that economists need...
Parts of this article (those related to United States) need to be updated. The reason given is: the information about economist salaries in the United States is from 2006 and 2013. Please help update this article to reflect recent events or newly available information. (October 2024)
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
Economists are preoccupied with making predictions about the future path of the U.S. economy, but keep getting fooled by the truth.
Akarowhe found that Economics Education can be seen as a process, science and product: [2] as a process - economics education involves a time phase of inculcating the needed skills and values on the learners, in other words, it entails the preparation of learners for would-be-economics educator (teachers) and disseminating of valuable economics information on learners in other for them to ...
Passing economics off as a natural science is more than academic frivolity—it is a societal problem. ... was told to use his prodigious mathematical skills to forecast the weather a month out ...
From Alfred Marshall’s supply and demand graph of the 1870s, economists have preferred simple equations to express economic ideas. Prompted by 2008 crash new dynamic models are being developed and there is a need for economists to work ethically.
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