Questions and Answers
Which social science studies the production, distribution, and consumption of goods and services?
What does microeconomics analyze?
What does macroeconomics analyze?
What is the distinction between positive economics and normative economics?
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Where can economic analysis be applied?
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What was the earlier term for the discipline of economics?
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What are the basic elements analyzed in microeconomics?
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What are the factors analyzed in macroeconomics?
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What are the distinctions within economics?
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What are some subjects to which economic analysis can be applied?
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Who is credited with being the 'first economist' according to some economic historians?
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Which group of thinkers developed the idea of the economy as a circular flow of income and output?
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Which economic doctrine held that a nation's wealth depended on the accumulation of gold and silver?
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Who rejected the method-based definition of Robbins and preferred definitions like those of Say?
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According to Ha-Joon Chang, why would the definition of Robbins make economics very peculiar?
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Who are described as 'coming nearer than any other group to being the 'founders' of scientific economics' by Joseph Schumpeter?
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What did the mercantilist doctrine call for in terms of trade and manufacturing?
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What did the physiocrats believe was the basis of all wealth?
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What did the word 'Oikos' originally refer to in Ancient Greece?
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How do other sciences define themselves in terms of their area of inquiry?
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According to Adam Smith, what is the objective of political economy?
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Who coined the term 'the dismal science' as an epithet for classical economics?
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According to Lionel Robbins, what is the definition of economics?
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What did Jean-Baptiste Say define economics as?
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According to Alfred Marshall, what does economics study?
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What did Gary Becker describe as the approach he favored in economics?
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