3 Tutorials that teach What is Economics?
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What is Economics?

What is Economics?

Author: Justin Tapp

This lesson will explain the field of economics and how the field is divided.

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Notes on "What is Economics?"

 Key Terms

Macroeconomics - Area of study that focuses on the impact of variables on the economic infrastructure in its entirety on a regional, national and global level.

Microeconomics - An area of economic study that focuses on specific markets, choices, and behaviors that affect price, cost and demand.

Social Science - Academic discipline that requires examination of variables that affect the quality of human life.