Economics, at its core, is the study of cause-and-effect relationships—analyzing how scarce resources, which have alternative ...

What is supply-side economics? Supply-side economics (also called trickle-down economics and Reaganomics) is a macroeconomic theory that focuses on supply-side factors serving as the driving force ...

In what ways is cognitive economics different than other fields of economic research? Different branches of economics have different characteristic data types.

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 ...

The basic message of behavioral economics is that humans are hard-wired to make judgment errors and they need a nudge to make decisions that are in their own best interest.

According to Keynesian economics, state intervention is necessary to moderate the booms and busts in economic activity, otherwise known as the business cycle. There are three principal tenets in the ...

When it comes to economics, growth is as simple as removing barriers to production. We have infinite wants, production is what enables the accession of some of those wants, so get out of the way ...

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.