Economics Basics

This article describes what economics is and what economics isn't.

This article explains the distinction between microeconomics and macroeconomics.

This article explains the background of how economics came to be known as the dismal science.

This article explains the role of economics in public policy and explains the difference between positive and normative analysis.

This article describes the circular-flow model and explains how it shows the movement of money, goods and services, and factors of production in an economy.