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Outline of economics

Template:Economics sidebar The following hierarchical outline is provided as an overview of and topical guide to economics:

Economics – analyzes the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.

Definition of economics

Economics has the following definitions in the following contexts:

  • Academic discipline – body of knowledge given to - or received by - a disciple (student); a branch or sphere of knowledge, or field of study, that an individual has chosen to specialise in.
  • Field of science – widely-recognized category of specialized expertise within science, and typically embodies its own terminology and nomenclature. Such a field will usually be represented by one or more scientific journals, where peer reviewed research is published. There are many economics-related scientific journals.
    • Social science – field of academic scholarship that explores aspects of human society.

Subsets of economics

Branches of economics

Subdisciplines of economics

Methodologies or approaches

Multidisciplinary fields involving economics

Economic history

Types of economies

Main articles: Economy and Economic system

An economy is the system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.

Economies, by political & social ideological structure

Economies, by scope

Economies, by regulation

Market forms

Main article: Market form
  • Perfect competition, in which the market consists of a very large number of firms producing a homogeneous product.
  • Monopolistic competition, also called competitive market, where there are a large number of independent firms which have a very small proportion of the market share.
  • Monopoly, where there is only one provider of a product or service.
  • Monopsony, when there is only one buyer in a market.
  • Natural monopoly, a monopoly in which economies of scale cause efficiency to increase continuously with the size of the firm.
  • Oligopoly, in which a market is dominated by a small number of firms which own more than 40% of the market share.
  • Oligopsony, a market dominated by many sellers and a few buyers.

General economic concepts

Persons influential in the field of economics

Nobel Memorial Prize–winning economic historians

Other notable economic historians

See also

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External links

Regional economy footers

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