Economic History Quiz

Research in economic history is conducted using a combination of historical methods, statistical methods, and the application of economic theory to historical situations and institutions.

Economic history can encompass a wide variety of topics, including equality, finance, technology, labour, and business.

Economic history emphasizes historicizing the economy itself, analyzing it as a dynamic entity, and attempting to provide insights into the way it is structured and conceived.

<p>Economic historians often focus on the institutional dynamics of systems of production, labor, and capital, as well as the economy's impact on society, culture, and language.</p> Signup and view all the answers

<p>Economic historians use both quantitative data and qualitative sources to understand the historical context in which major economic events take place.</p> Signup and view all the answers

<p>The broad distinctions within economics include those between positive economics, describing 'what is', and normative economics, advocating 'what ought to be'; between economic theory and applied economics; between rational and behavioral economics.</p> Signup and view all the answers

<p>Microeconomics analyzes individual agents and markets, their interactions, and the outcomes of interactions.</p> Signup and view all the answers

<p>Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it.</p> Signup and view all the answers

<p>Individual agents may include households, firms, buyers, and sellers.</p> Signup and view all the answers

<p>Economics focuses on the production, distribution, and consumption of goods and services, as well as the behavior and interactions of economic agents and how economies work.</p> Signup and view all the answers