Economic Information for Beginners
By Mike Moffatt, About.com Guide to Economics
Economic Basics covers topics such as "What is Economics?" and "What are the various fields of Economics?". The user path contains a great deal of introductory information for those interested in economics.
What Is Economics?
This section answers questions such as: What is Economics? Why should I study Economics? What do Economists do?
- What Is Economics?
- Glossary of Economics Terms
- Why Study Economics?
- Why Get an Economics Ph.D?
- Is Economics Autistic? Can it Be Reformed?
Fields of Economics
The Fields of Economics section examines the various kinds of problems that economists work on.
- What Are the Various Subfields of Economics?
- What Is Econometrics?
- What Is Microeconomics?
- What Is Meant by Economic Schools of Thought?
- What Are Game Theory and Bargaining Theory?
- What Is Experimental Economics?
- What Is International Economics?
- What Is Macroeconomics?
Advice for Economics Students
Are you an economics student that needs general advice? Look no further.
- How To Study For Your Economics Exam
- How To Write Different Types of Economics Exams
- How To Get the Most out of your Economics Class
- How To Ace Your Econometrics Test
- How To Taking Reading Notes for Your Economics Class
- How To Take Lecture Notes in Your Economics Class
Supply and Demand
When one thinks of economics, the concepts of "supply" and "demand" come immediately to mind. But what do we mean by supply and demand? How to we use these concepts?
- Demand - The Economics of Demand
- Supply - The Economics of Supply
- Supply and Demand - The Basics
- Supply & Demand Practice Question
- 10 Supply and Demand Practice Questions
- Market Distortions
- The Effects of a Black Market Using Supply and Demand
- Bottle Water Bans and Substitution Effects
Elasticity
Once we understand supply and demand, we need to move on to the concept of elasticity. Elasticity helps us understand how firm and consumers alter their decisions in response to changing prices.
- A Beginner's Guide to Elasticity
- Price Elasticity of Demand
- Price Elasticity of Supply
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Arc Elasticity
- Using Calculus To Calculate Price Elasticity of Demand
- Using Calculus To Calculate Price Elasticity of Supply
- Using Calculus To Calculate Income Elasticity of Demand
- Using Calculus To Calculate Cross-Price Elasticity of Demand
- Elasticity Practice Question
- What's the Price Elasticity of Demand for Gasoline?
- Adventures in Downward Sloping Demand Curves and Elasticity
Exchange Rates
Another concept introduced early in economics is exchange rates - particularly exchange rates between currencies. But where do these values come from? Why is the U.S. dollar worth what it is?
- What Determines an Exchange Rate
- Exchange Rates - What to Use as the Base
- Purchasing Power Parity: Link Between Exchange Rates and Inflation
- A Beginner's Guide to Purchasing Power Parity Theory
- What Is the Difference Between Relative PPP and Absolute PPP?
- Exchange Rates and Commodity Prices
- The Trade Deficit and Exchange Rates
- Is the Canadian Dollar Going Up in Value, or Is the U.S. Dollar Going Down?
- What Is Arbitrage?
- How Markets Use Information To Set Prices
Economics Graduate School
Thinking of doing graduate work in Economics? See these resources before you apply.
- Why Get an Economics Ph.D?
- Choosing a Graduate School in Economics
- Economics Graduate School Atmosphere
- Where Can I Get Economics Department Rankings?
- Which Graduate Programs Are Keynesian?
- One Student's PhD Economics Experience
- Books to Study Before Going to Graduate School in Economics
- More Books for Economics Graduate School
Econometrics
If you're a student who is required to complete an econometrics project, you will want to see the following resources.
- What Is Econometrics?
- Hypothesis Testing Using One-Sample t-Tests
- How to Do a Painless Econometrics Project
- How to Do a Painless Multivariate Econometrics Project
- Hypothesis Testing With Multivariate Regressions Using One-Sample t-Tests
- Instant Econometrics Project - Okun's Law
- Econometrics Term Paper Ideas
- Instant Econometrics Project - Spending on Imports
Famous Economists
Information about famous economists and winners of The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
- Who Are These Nobel Prize Winning Economists Supporting Bush or Kerry?
- The Life and Works of David Ricardo - A Biography of David Ricardo
- The Life and Works of Irving Fisher - A Biography of Irving Fisher
- The Life and Works of Jean-Baptiste Say - A Biography of Jean-Baptiste Say
- The Life and Works of Adam Smith - A Biography of Adam Smith
Interest Rates
Interest Rates play an important role in economics, as they affect purchasing and consumption decisions made by consumers, firms and governments.
