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Welfare economics |
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Welfare economicsThe branch of economic thought that deals with economic welfare, including especially various propositions relating competitive general equilibrium to the efficiency and desirability of an allocation. See the first and second theorems of welfare economics.Similar MatchesMicroeconomicsMicroeconomicsThe study of economic statistics at the level of the household or the company. In contrast, macroeconomic focuses on economics at the country level. International monetary economicsInternational monetary economicsSame as international finance, but with more emphasis on the role of money and less on other financial assets. Keynesian economicsKeynesian economicsAn economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability. Supply side economicsSupply side economicsA theory of economics that reductions in tax rates will stimulate investment and in turn will benefit the entire society. EconomicsEconomicsThe study of manufacturing, distribution and consumption of products and services in an economy.This is broadly divided into macroeconomics and microeconomicsMacroeconomics: The study of a country's economy using such elements as unemployment, price levels, government spending, interest rates, national productivity etc and the influence of government policy on them.Microeconomics: The study of economic elements at the level of the household or the company. People within a household are primarily concerned with employment prospects and how taxation affects their income. Companies are mainly concerned with product costs and operating expenses etc. Further SuggestionsInternational macroeconomicsEconomics First theorem of welfare economics Second theorem of welfare economics Neoclassical economics Microeconomics macroeconomics |
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