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Economics

Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)". Current economic models emerged from the broader field of political economy in the late 19th century. A primary stimulus for the development of modern economics was the desire to use an empirical approach more akin to the physical sciences.

Economics aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society, in business, finance and government, but also in crime,education, the family, health, law, politics, religion,social institutions, war, and science. At the turn of the 21st century, the expanding domain of economics in the social sciences has been described as economic imperialism.

Common distinctions are drawn between various dimensions of economics. The primary textbook distinction is between microeconomics, which examines the behavior of basic elements in the economy, including individual markets and agents (such as consumers and firms, buyers and sellers), and macroeconomics, which addresses issues affecting an entire economy, including unemployment, inflation, economic growth, and monetary and fiscal policy. Other distinctions include: between positive economics (describing "what is") and normative economics (advocating "what ought to be"); between economic theory and applied economics; between mainstream economics (more "orthodox" dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" dealing with the "institutions-history-social structure nexus"); and between rational and behavioral economics.

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Matching Economics Colleges

University of California-San Diego
Four or more years; Public; $34,098 average out-state tuition; $11,220 average in-state tuition
University of California-Berkeley
Four or more years; Public; $34,098 average out-state tuition; $11,220 average in-state tuition
University of California-Los Angeles
Four or more years; Public; $34,098 average out-state tuition; $11,220 average in-state tuition
New York University
Four or more years; Private not for profit; $39,344 average out-state tuition; $39,344 average in-state tuition
University of Michigan-Ann Arbor
Four or more years; Public; $37,588 average out-state tuition; $12,440 average in-state tuition
The University of Texas at Austin
Four or more years; Public; $32,506 average out-state tuition; $9,794 average in-state tuition
University of Wisconsin-Madison
Four or more years; Public; $24,342 average out-state tuition; $8,592 average in-state tuition

Scholarships for Economics Majors

name award deadline

Ford Foundation Predoctoral Diversity Fellowship

National Research Council

$24,000 January 08, 2019 See Details

Ford Foundation Predoctoral Diversity Fellowship

National Research Council

award

$24,000

deadline

January 08, 2019
See Details

Math-Science Scholarship - Carthage College

Carthage College

100% of tuition December 03, 2018 See Details

Math-Science Scholarship - Carthage College

Carthage College

award

100% of tuition

deadline

December 03, 2018
See Details

James Madison Fellowship

James Madison Memorial Fellowship Foundation

Up to $12,000 March 01, 2019 See Details

James Madison Fellowship

James Madison Memorial Fellowship Foundation

award

Up to $12,000

deadline

March 01, 2019
See Details

Wayne F. Placek Grant

American Psychological Foundation

$10,000 March 01, 2019 See Details

Wayne F. Placek Grant

American Psychological Foundation

award

$10,000

deadline

March 01, 2019
See Details

Einar and Eva Lund Haugen Memorial Scholarship

Norwegian-American Historical Society

$6,000 December 01, 2018 See Details

Einar and Eva Lund Haugen Memorial Scholarship

Norwegian-American Historical Society

award

$6,000

deadline

December 01, 2018
See Details

APIASF/Frances Sonn Nam Memorial Scholarship

Asian and Pacific Islander American Scholarship Fund

$4,000 January 10, 2019 See Details

APIASF/Frances Sonn Nam Memorial Scholarship

Asian and Pacific Islander American Scholarship Fund

award

$4,000

deadline

January 10, 2019
See Details

Byron Hanke Fellowship

Community Associations Institute (CAI) Research Foundation

Up to $5,000 May 01, 2019 See Details

Byron Hanke Fellowship

Community Associations Institute (CAI) Research Foundation

award

Up to $5,000

deadline

May 01, 2019
See Details

Sheila Tarr-Smith Memorial Scholarship

Clark County Public Education Foundation

$2,500 January 31, 2019 See Details

Sheila Tarr-Smith Memorial Scholarship

Clark County Public Education Foundation

award

$2,500

deadline

January 31, 2019
See Details

Paul and Marguerite K. Thomas Scholarship in Economics

Youngstown State University

$2,000 February 01, 2019 See Details

Paul and Marguerite K. Thomas Scholarship in Economics

Youngstown State University

award

$2,000

deadline

February 01, 2019
See Details

Overseas Press Club Foundation Scholarship

Overseas Press Club Foundation

$2,000 December 01, 2018 See Details

Overseas Press Club Foundation Scholarship

Overseas Press Club Foundation

award

$2,000

deadline

December 01, 2018
See Details