The Science of Economies
This section covers important terms and concepts you need to understand economics as a social science.
What is Economics?
Why Should I Care? Environmental destruction, global warming, poverty, and the state of democrac...
Important Economic Terms
Why Should I Care? We must agree on basic definitions before we start arguing about how to run t...
The Problem of Scarcity
Why Should I Care? Everyone might want or need a private jet. And God knows our needs and wants ...
The Costs of Production
Why Should I Care? Compare clean water and diamonds, which is more expensive? Which is more impo...
Advanced Applications of the Production Possibilities Frontier
Why Should I Care? The Production Possibilities Frontier (PPF) model can be used to discuss many...
Systems Analysis
Why Should I Care Studying scarcity, choices and trade-offs is important. However, the fact that...
Positive and Normative Principles
Why Should I Care? Many of the arguments presented by economists are based on models and a forma...
The Three Most Cited Economists
Why Should I Care? These guys are dead. But their ideas are still relevant to this day. What th...
Institutions and Political-Economy Systems
Why Should I Care? Would you prefer to live in a system where people are free to produce and buy...
Women in Economics
Why Should I Care? Women have made important contributions to the field of Economics which may g...