Microeconomics and macroeconomics are two distinct branches of economics. Microeconomics focuses on individuals and groups, including companies, while macroeconomics looks at the behavior of national ...

Take your pick, reality or fantasy. Economics is the science that studies human behavior as a relationship between ends and scarce means which have alternative uses. Lionel Robbins, Nature and ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

Supply-side economics focuses on aggregate supply fueling economic growth. Supply-side economics (also called trickle-down economics and Reaganomics) is a macroeconomic theory that focuses on ...

Economics is a field that exists between scientific objectivity and subjective interpretation. Suppose a policymaker is trying to decide whether a proposed new tax is a good idea. One economist might ...