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Economics

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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

Name
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

Economics Scholarships

Name Amount Deadline
Beinecke Scholarship Program $34,000 February 14, 2018
Herbert Scoville Jr. Peace Fellowship Up to $27,000 October 02, 2017
Wayne F. Placek Grant $15,000 March 01, 2018
House of Representatives Legislative Fellowship Program $6,000 October 01, 2017
Wm. Wrigley Foundation Scholarship Up to $5,000 October 06, 2017
Michael Jackson Scholarship Up to $5,000 October 21, 2017
Enid Hall Griswold Memorial Scholarship $5,000 February 15, 2018
Vera L. Vincent Scholarship Up to $3,000 November 10, 2017
Constance M. Ferwerda Endowment for the Humanities Award $2,500 February 01, 2018
Executive Council Outstanding Student Award - CSUF Up to $2,500 March 03, 2018