Economics 101 – Learn Economics

Learn economics 101 with these introductory to advanced articles introducing you to economics topics. Whether you are looking to supplement your classes, or are just interested in expanding your knowledge of economics, use these in-depth economics 101 articles to assist you in your learning.

What is…

Behavioral Economics – Behavioral economics seeks to unite the basic principles of neoclassical economics with the realities posed by human psychology. The theory grew out of neoclassical economics in the early 20th century when neoclassical theory fell short of explaining the anomalies that occur within market economies.

Environmental Economics – Environmental economics seeks to measure the external environmental effects, or costs, of economic decisions and propose solutions to mitigate or eliminate those costs to better manage natural resources and promote social well-being.

Macroeconomics – Macroeconomics refers to how economists in this field analyze the structure and function of large-scale economies as a whole, whether regional, national or global. Macroeconomics examines the complex interplay between factors such as national income and savings, gross domestic product, gross national product, consumer and producer price indexes, consumption, unemployment, foreign trade, inflation, investment and international finance.

Microeconomics – Microeconomics examines the impact that economic choices made by individuals, businesses and industries have on resource allocation and the supply and demand of goods and services in market economies. Because supply and demand determine the price of goods and services, microeconomics also studies how prices factor into economic decisions, and how those decisions, in turn, affect prices.

History of Economics – A history of economics and economic theory dating from Plato to modern Keynesian economic theory.

Monetary Economics – Monetary economics examines how currencies enter the marketplace and become accepted as mediums of exchange for goods and services. It also analyzes government regulation of money and financial institutions, the structure and interaction of monetary systems, financial history and the demand for money—basically, anything involving bankers and banknotes. Because the exchange of money pervades the economic system at every level, monetary economics is largely a study in macroeconomics.

Neoclassical Economics – Neoclassical economics grew out of the Classical School of economic thought proposed by economist Adam Smith in the 18th century. It sought to become a more encompassing economic theory by introducing two new concepts to Classical economics: perceived value (utility) and marginalism.

The Law of Supply and Demand – For a market economy to function, producers must supply the goods that consumers want. This is known as the law of supply and demand. “Supply” refers to the amount of goods a market can produce, while “demand” refers to the amount of goods consumers are willing to buy. Together, these two powerful market forces form the main principle that underlies all economic theory.

What is Economics? – Ever wonder why food costs rise when gas prices spike? Ever question why U.S. politicians worry when other countries talk of going bankrupt? Ever wonder why you can’t get a good interest rate on your savings account? All of these phenomena can be explained through economics.

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{ 106 comments… read them below or add one }

Raveena singh October 4, 2012 at 2:16 am

Is it a new tecniqe of learning

Thanxx

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Deniston October 4, 2012 at 4:36 pm

Itz good

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yusuf October 7, 2012 at 3:08 pm

is very good for people to study economics

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Flamekris October 8, 2012 at 10:59 am

Are think is good too know about economics.

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Rose Juma October 10, 2012 at 3:22 am

Economics and Political science are inseperable!

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Mohamed Juldeh Bah October 20, 2012 at 2:13 pm

Is good to study economics

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Mohamed Juldeh Bah October 20, 2012 at 2:14 pm

Economics is the way of life

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pangah October 27, 2012 at 12:18 am

without economics nothing could be planned

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Mohamed Juldeh Bah October 29, 2012 at 6:10 am

Economics control the unlimited want of man.

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Tenny October 30, 2012 at 1:25 pm

Dis is nyc.

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raji October 31, 2012 at 1:02 am

Economics is a best subject

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Tasiu murtala jega November 4, 2012 at 4:47 am

Ecomics is the study of how people choose to use resources.

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bumeng November 6, 2012 at 7:43 pm

what are the 8 economic goals?

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Kingrich November 28, 2012 at 2:30 am

Economics as 2 do wit distribution of good an services 2 satisfy hman wan.

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Zuriel December 13, 2012 at 2:34 am

Studing economics is like opening ones mind set to know his/her real state of being and the environment. I like this subject

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Aishat Abdulkarim December 16, 2012 at 5:47 am

Economic is d total way 2 success and achievment, and it shows how one can manage is asset 4rm his liability

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It is great study January 8, 2013 at 9:00 pm

Economics difination

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Yerima Adam Ajiya February 3, 2013 at 2:53 am

The principle of economics

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Rebecca Okai February 8, 2013 at 8:01 am

Could someone please elaborate on the principles of economics to me, i need an idea before i start this topic in the university….please assist me

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Geoffrey February 14, 2013 at 2:55 am

Economics is a vry nice subject that rly on it.

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Damilare beyczy February 17, 2013 at 10:38 pm

defination in various ways

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ibrahim aliyu February 21, 2013 at 6:48 am

thanks for these website

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Maduneme Henry March 21, 2013 at 12:39 pm

Economics tells us abt human behaviour nd their well being, nd it tells abt hw 2 manage our economic life.. The subject is gud 4 me nd i pray 2 be an economist in life… God help me i believe in U….

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MUSA ABRAHIMA KAMARA March 29, 2013 at 9:48 am

ECONOMICS – is defined as a branch of science that deals with business and the way of making a country wealthy.

E-conomist all around the world have failed in finding a way of making a nation wealthy by economics means.

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margie June 17, 2014 at 6:42 pm

,what is its relevance in our lives?

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Amara Sheriff March 29, 2013 at 9:52 am

for every action their is an equal and opposite reaction.

ECONOMICS- IS THE WAY OF PRODUCING AND GROWING BUSINESS THAT ENABLES A MAN WEALTHY.

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Amara Sheriff March 29, 2013 at 9:56 am

ECONOMICS IS LIFE

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horpehyehmy June 5, 2013 at 12:01 am

Economics is a social science wich studies human behaviour as a relationship b/w end and scarce means wich has alternative uses..

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musa June 10, 2013 at 10:13 am

Economics deals with goods and services

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Andeh Ifeanyi June 19, 2013 at 1:00 am

Economics is the king of all other subject..becuse u can’t plan without Economics

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kaushal saxena July 1, 2013 at 4:52 am

eco is my life

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C.C.C, Cyril July 28, 2013 at 11:20 am

Economics is just a way of life.
whether you studied it or not, it’s just the way you behave and live, so it’s the right thing to study it professionally.

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Unisa jalloh July 28, 2013 at 5:16 pm

Thanx 4 making me learn more about economics

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Danlami ganape August 20, 2013 at 7:17 am

Ecn 101 is a bizes dat deeals with individual,firm & nations resources for profit

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chandan joshi September 12, 2013 at 10:49 am

economics are subject of money

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Economic if well applied in the nations plannings.the future occurences of demolishion would not occur and the cicizenry should no the immplication of building houses indcriminately without planning,so good economics planning is the key September 15, 2013 at 10:10 pm

Economic is good

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Benson October 8, 2013 at 5:04 am

Economic is a gud sbuject 2 study

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A Rukiata November 27, 2013 at 1:56 pm

Studying economics is a best way to know one’s world an it’s happening

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A Rukiata November 27, 2013 at 1:59 pm

Studying economics is a best way of knowing one’s world and it’s happenings.

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samue shoyemi December 13, 2013 at 8:59 am

economic is the study of man kind in ordinary bussiness of life.it is the science which study human behaviour as a relationship between end and scarce means which has alternatives uses.

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success obikpe January 8, 2014 at 1:55 am

Economics dieals with bying and selling ad also d satifation of humans what.

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success obikpe January 8, 2014 at 1:59 am

Economics is the study of satifation of humans what.

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akinfenwa oluseye January 28, 2014 at 3:02 pm

Economic is the studying of social science that deals with the production and distribution and consumption of goods and services and their management.

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Oduola hammed February 8, 2014 at 3:05 am

I like 2 study economics

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Kwame oppong kyekyeku February 15, 2014 at 4:14 am

I like economics , but l don’t know how to study pls help me know

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izzudiin February 18, 2014 at 12:11 am

nice to learn economics

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Roberto sherman February 24, 2014 at 6:02 am

As for me economics is the studies that deals with human relationship and is satisfaction to all needs.

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Roberto sherman February 24, 2014 at 6:06 am

If economics is to be a major i will like to be an economist because it is so gud to learn and it informed you of all happening in your nation .

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Daniel Ikono July 3, 2014 at 2:32 am

econz mak one 2 b vry rational in evry decision he take especially wn it cumz 2 monetary issues.

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Godfrey Eigbodu July 14, 2014 at 1:46 pm

Economics is the study of production and consumption,there by getting to know how wealth of finance is been put in production to attain a satisfactory Goal,either in Individual,industry and even a Country.

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