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Neuroeconomics combines neuroscience, economics, psychology and other fields to explain human behavior and choice. It uses brain imaging, computational models and experimental methods to study how economic factors shape the brain and how neuroscientific discoveries guide economic theories.
Exchange economy is technical term used in microeconomics research to describe interaction between several agents. In the market, the agent is the subject of exchange and the good is the object of exchange. Each agent brings his/her own endowment, and they can exchange products among them based on a price system. Two types of exchange economy ...
Learn about the application of experimental methods to study economic questions, such as markets, games, learning, and field experiments. Find out the topics, methods, and criticisms of experimental economics, and the contributions of pioneers like Chamberlin, Smith, and Roth.
Praxeology is a philosophical science that studies purposeful human behavior, based on the notion that humans engage in action, contrary to reflexive or unintentional behavior. It was developed by different schools and authors, such as Alfred Espinas, Ludwig von Mises, and Tadeusz Kotarbiński.
The impossible trinity (or unholy trinity) states that a country cannot have a fixed exchange rate, free capital movement and independent monetary policy at the same time. Learn the history, policy choices and theoretical derivation of this hypothesis and its implications for the world economy.
Economics is a social science that studies the production, distribution, and consumption of goods and services. It also analyses the behaviour and interactions of economic agents and how economies work. Learn about the history, methods, and applications of economics.
A free market is an economic system where prices are determined by supply and demand without government intervention. Learn about the different forms of free market, such as capitalism, socialism and Georgism, and their historical origins and criticisms.
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. Learn about the main topics, time frames, and schools of thought in macroeconomics, as well as the basic concepts of output, unemployment, and inflation.