Business

About General Equilibrium Theory General equilibrium theory, or Walrasian general equilibrium, attempts to explain the functioning of the macroeconomy as a whole, rather than as…

The Concept of Bose-Einstein Condensation (BEC) Bose-Einstein condensation (BEC), a state of matter in which separate atoms or subatomic particles, cooled to near absolute zero…

About Econophysics Econophysics is the branch of physics where the physics theories are applying for the analysis of economics and finance problems. Some of its…

About Thermoeconomics Thermoeconomics is defined as the application of thermodynamic principles to economics, as well as the application of principles of economics to the efficient…

About Political Economy Political Economy can be generally defined as a study drawing upon branches of economics, politics, and law aiming to explain clearly the…

About Environmental Economics Environmental Economics can be defined as the study of how humans decide on how to dispose of environmental resources. It is a…

About Development Economics Development economics is a branch of economics that focuses on improving fiscal, economic and social conditions in developing countries. The discipline aims…

About Constitutional Economics Constitutional Economics is a branch of economics focusing on the economic analysis of the constitutional law of a state. It is often…

Applications of Behavioral Economics Behavioral economics is a smaller part of economics that combines what we know about psychology with what we know about economics.…

Introduction of Behavioral Economics Behavioral economics provides a framework to understand when and how people make errors. Systematic errors or biases recur predictably in particular…

Introduction of Welfare Economics Welfare economics is defined as a branch of economics that seeks to evaluate economic policies in terms of their effects on…

Theory of Neoclassical Economics Neoclassical economic theory is grounded in the rejection of the Marxian notion of exploitation and the promotion of the idea that…