Economics

About Econophysics

About Econophysics

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 application to the study of financial markets has also been termed statistical finance referring to its roots in statistical physics. Th.....

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About Thermoeconomics

About Thermoeconomics

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 design of engineering and industrial processes. It also referred to as biophysical economics, is a school of heterod.....

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About Political Economy

About Political Economy

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 existing relations between different countries of the world. It was the original term for the study of production, the acts of buying a.....

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About Environmental Economics

About Environmental Economics

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 domain of economics that looks at problems of the environment from an economical perspective. Environmental economists perform studies to de.....

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About Development Economics

About Development Economics

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 at establishing strategies that apply to different developing countries depending on their unique social, politi.....

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About Constitutional Economics

About Constitutional Economics

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 described as “the economic analysis of constitutional law.” Constitutional economics tries to explain the selection of c.....

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Applications of Behavioral Economics

Applications of Behavioral Economics

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. Normally, economics does not consider the way humans actually think, but instead, simplifies decision-making to make economic mod.....

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Introduction of Behavioral Economics

Introduction of Behavioral 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 circumstances. It is a smaller part of economics that combines what we know about psychology with what we know .....

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Introduction of Welfare Economics

Introduction of Welfare Economics

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 the well-being of the community. It became established as a well-defined branch of economic theory during the 20th century. It uses techniq.....

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Theory of Neoclassical Economics

Theory of Neoclassical Economics

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 the distribution of social resources produced by market exchanges is innately fair and just (when it is allowed to work “withou.....

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Marxist Economics

Marxist Economics

Marxist Economics The term Marxist economics or Marxist theory comes from the ideas of a philosopher named Karl Marx applied to economics. He created it to explain the “rules of motion” of production and exchange under capitalism. He analyzed and explained how capitalism was establish.....

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Solutions to Groundwater Depletion

Solutions to Groundwater Depletion

Groundwater depletion is a serious threat to the environment. The majority of our bodies and the Earth is made up of water. We may see the beautiful, flowing surface waters that make up the oceans, lakes and rivers, but this water is not always safe for consumption and is much more difficult to f.....

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