- The science of household affairs, or of domestic
management. - Political economy; the science of the utilities or the
useful application of wealth or material resources. See Political
economy, under Political.
Supply-side economics The theory that reducing the government’s role in business by decreasing taxes and limiting government rules and regulations will
Support-side economics The theory that reducing the government’s role in business by decreasing taxes and limiting government rules and regulations will
Macroeconomics Macroeconomics is the study of a nation’s overall economic issues, such as how an economy maintains and allocates resources and how
Economics Economics is the social science that analyzes the choices people and governments make in allocating scarce resources.
Applied economics Applied economics is the application of economic theories to the real world, formulated by economists as advice to planners
Structuralist Economics Structuralist Economics is a form of heterodox economics which emphasizes the relationships between effective demand, income
Post-Keynesian Economics Post-Keynesian Economics is a modern heterodox school of economic thought which emphasizes the more non-neoclassical or radical
Microeconomics The study of aggregate economic indicators such as GDP growth, employment, unemployment, and inflation. Conventional economics
Neoclassical economics Neoclassical economics is the dominant approach to economics currently taught and practiced in most of the world (and especially
Institutionalist Economics Institutionalist Economics is a school of heterodox economics which emphasizes the importance of institutional development and evolution (as
Definition
[ n.]