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Economics

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Economics as in Economic Science
The term economics (study of the allocation of scarce resources) can be put in every jargon for example:

  • Economics, is a science which studies human behaviour as a relationship between ends and scarce means which have alternative use (Lionel Robbins 1932)
  • Energy Economics, study of utilization of energy resources and energy commodities and the consequences
  • Environmental Economics, study of how humans decide on how to dispose of environmental resources
  • Managerial economics, application of the economic concepts and analysis to the problems of formulating rational managerial decisions
  • Business Economics, is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with labour, capital and product markets
  • Science Economics, The economics of science aims to understand the impact of science on the advance of technology, to explain the behavior of scientists, and to understand the efficiency or inefficiency of scientific institutions
  • Sport Economics

Economy as in Economic System
Economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location

Agricultural and natural resource economics; environmental and ecological economics JEL: Q
JEL: Q4 – Energy
JEL: Q5 – Environmental economics

Financial economics JEL: G Subcategories
JEL: G3 – Corporate finance and Governance
JEL: G32 – Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Goodwill

Aapplication of the principles of economics to the study of how environmental are developed and managed

Written by Anjar Priandoyo

Desember 11, 2015 pada 5:40 pm

Ditulis dalam People

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