what are the branches of economics
Answers
Answer:
microeconomics and macroeconomics
Explanation:
Economics is the social science which studies economic activity: how people make choices to get what they want. It has been defined as "the study of scarcity and choice" and is basically about the choices people make. It also studies what affects the production, distribution and consumption of goods and services in an economy.[1]
Investment and income relate to economics.[2] The word comes from Ancient Greek, and relates to οἶκος oíkos "house" and νόμος nomos "custom" or "law".[3] The models used in economics today were mostly started in the 19th century. People took ideas from political economy and added to them because they wanted to use an empirical approach similar to the one used in the natural sciences.[4]
Answer:
Explanation:
The two main branches of economics are microeconomics and macroeconomics.
Macroeconomics is about the economy in general. For example, macroeconomists study things that make a country's wealth go up and things that make millions of people lose their jobs. Microeconomics is about smaller and more specific things such as how families and households spend their money and how businesses operate.
There are a number of other branches of economics:
Behavioral economics
Business economics
Constitutional economics
Cultural economics
Development economics
Ecological economics
Economic geography
Environmental economics[5]
Energy economics
Financial economics
Industrial economics
Information economics
International economics
Labor economics
Managerial economics
Mathematical economics or econometrics
Resource economics
Urban economics
Public economics
descriptive, theoretical and policy economics
monetary economics