ERP - Economics

Economics

  • Economic Report of the President, published annually by the United States President's Council of Economic Advisors on recent economic activity and future policies and predictions
  • Effective rate of protection, a method of working out the value of import tariffs

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Other articles related to "economics, economic":

Welfare Economics
... Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium within an economy as ... It analyzes social welfare, however measured, in terms of economic activities of the individuals that compose the theoretical society considered ... Accordingly, individuals, with associated economic activities, are the basic units for aggregating to social welfare, whether of a group, a community, or a society, and there ...
Economics - Criticisms - Criticisms of Assumptions
... Economics has been subject to criticism that it relies on unrealistic, unverifiable, or highly simplified assumptions, in some cases because these ... The field of information economics includes both mathematical-economical research and also behavioral economics, akin to studies in behavioral psychology ... recent years, feminist critiques of neoclassical economic models gained prominence, leading to the formation of feminist economics ...
Lagrange Multiplier - Applications - Economics
... Constrained optimization plays a central role in economics ... The Lagrange multiplier has an economic interpretation as the shadow price associated with the constraint, in this example the marginal utility of income ...
Economic Anthropology - Substantivism
... by Karl Polanyi in his work The Great Transformation, argues that the term 'economics' has two meanings the formal meaning refers to economics as the logic ... The substantive meaning of 'economics' is seen in the broader sense of 'economising' or 'provisioning' ... Economics is simply the way society meets their material needs ...

Famous quotes containing the word economics:

    Religion and art spring from the same root and are close kin. Economics and art are strangers.
    Willa Cather (1876–1947)

    Women’s battle for financial equality has barely been joined, much less won. Society still traditionally assigns to woman the role of money-handler rather than money-maker, and our assigned specialty is far more likely to be home economics than financial economics.
    Paula Nelson (b. 1945)

    There is no such thing as a free lunch.
    —Anonymous.

    An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)