If economics is a social science and analysis boils down to predicting human behavior?
Q. What role does influencing human behavior play in economics? In the midst of the recession(which began in 2007 but no one acknowledged till months later) we, the educated ones, were whispered that we mustn't say 'recession' because telling the truth about the recession would only exacerbate it. I see however many times on Fox News and others attempts at shaping the mind and social behavior in such a way as to influence economic and financial behavior of its viewers and society at large. If economics can be boiled down to influencing human behavior, not simply predicting it, how valid a science is economics?
Asked by Matthew D - Mon Mar 22 20:23:51 2010 - - 2 Answers - 0 Comments

A. Economics the science is valid. Media manipulation of people is what you are questioning. One can not allow one single viewpoint that is delivered with a slant- of any sort- so ingrained and then consider that real economic advice. However I must say that propaganda and media manipulation based on behavioral analysis is also a quite valid field. Based on the success of such things one can hardly discount the viability of such techniques.
Answered by Andrea - Mon Mar 22 20:27:26 2010

What is the difference between Quantitative Economics and Regular Economics, will it make me more marketable?
Q. You have a choice to either major in Quantitative Economics or Economics. I am not afraid of all the math required, I just want to know what the difference is and if the quantitative will make me more marketable.
Asked by joshua_m_carpenter - Mon Nov 19 13:36:02 2007 - - 2 Answers - 1 Comments

A. go for Quantitative. Economics is ultimately about numbers. The only non-quantitative thing in Econ is History (of Thought or Institutions) and maybe Behavioral. Make sure quantitative Econ has such topics as Micro (consumer and producer theory, General equilibrium, games), Macro (dynamic model, both capital and monetary models) and Econometric/Statistics (OLS Regressions, panels, systems of equations, binary choice)
Answered by Darth Severus - Mon Nov 19 18:10:13 2007

What job including Economics Finance and Management could make me a millionaire in Mayfair?
Q. Hi, This is an odd question, but I absolutely LOVE Mayfair and one day would love to own a huge house there and basically be able to afford one. I am planning on doing Economics Finance and Management at University and i was wondering, what job in that area could make me a millionaire? I know things aren't that simple but I'm just really interested in knowing! Or any job to do with Economics... Thanks!
Asked by Francesca C - Tue Mar 17 19:00:49 2009 - - 4 Answers - 0 Comments

A. Hi, Owning your own businnes and having multiple streams of income are the way most people become millionaires. It sounds like you have 2 passions 1/working in Finance and 2/ living in Mayfair. Sometimes your passions can not give you your dreams. So if they don't or won't in the timeline you would like...then find other ways to create the wealth you want so you can live your passions. Read online or pick up a book by Robert Kiyosaki, He talks about how to create weath and use multiple streams of income. Example: Income from rental property you buy, returns on stock investments, small network marketing business, and your salary from your employer. The 1st 3 are the most powerful, because they allow you to leverage your time and… [cont.]
Answered by Karen H - Thu Mar 19 13:36:56 2009

How is undergraduate economics different from postgraduate economics?
Q. I have done undergraduate economics before - most of it is mainly theory with diagrams and models. There is a lot of rote memorisation and a bit of calculations. I am now going to start postgraduate studies in economics. I had a look at one postgrad economics exam paper, and I was shocked to see so much mathematics in it - especially calculus and formulas. Especially Hamiltonian and Lagrangian. My maths isn't so good especially applied calculus. How can I cope with postgrad economics?
Asked by Steven TJ - Tue Jun 9 04:31:06 2009 - - 1 Answers - 0 Comments

A. PhD-level economics is indeed all math. Except for Economic History, which isn't the most demanded branch of economics these days. Master's-level is economics is more like undergrad - simple intuition from plots and examples from real life.
Answered by Bored Goblin - Tue Jun 9 13:40:35 2009

Pictures that show economics from the start of civilizations?
Q. Hello! I need to find illustrations that show economics during the start of civilizations, for example, in Mesopotamia. When I mention economics, I am talking mostly about TRADE. So, if anyone knows where I can find any pictures that show this, I appreciate it.
Asked by Jake - Tue Oct 7 18:43:16 2008 - - 1 Answers - 0 Comments

A. You know, they didn't invent cameras til like the mid 1800s.
Answered by KevinStud99 - Tue Oct 7 20:32:21 2008

In Economics, why does the total cost start above the variable cost on a graph?
Q. I've started studying Economics not long ago. Why is the total cost above the variable cost?
Asked by Marvin the Martian - Tue Dec 4 16:30:18 2007 - - 2 Answers - 1 Comments

A. Because of fixed costs. TC = FC + VC, so graphically, the vertical distance between VC and TC is the FC.
Answered by NC - Tue Dec 4 16:35:28 2007

In economics, what is the difference between positive analysis and normative analysis?
Q. I've looked these two terms up, but I never find them listed as positive or normative analysis, instead I keep finding normative/positive economics. Are those the same things? Also, could you give me an example of each type of analysis? Thanks!
Asked by Erik Von Fuerstenberg - Tue Sep 4 02:05:15 2007 - - 4 Answers - 0 Comments

A. Normative economic analysis refers to economic statements or theories that cannot be empirically proven whereas positive economic analysis refers to economic statements or theories that can be empirically proven. For example "a ban in smoking in public places will reduce the revenue of the tobacco industry" is a positive statement because you can collect data to prove whther it is true or false. On the other hand, the statement "unemployment is preferable to inflation" is a normative statement because it reflects a personal belief and thus cannot be verified or falsified.
Answered by justmoi - Tue Sep 4 02:30:07 2007

What's the difference between financial economics and monetary economics?
Q. They seem to be almost the same, although not exactly. And in universities, a detailed subject on financial economics is usually different from a subject on monetary economics. Also, which is a better elective if I choose only one of these?
Asked by Dino S - Mon Jul 5 14:46:38 2010 - - 1 Answers - 0 Comments

A. Those are very broad terms, but financial economics would deal with how activities are financed and the relationships of equity and debt pricing. Monetary economics deals with the aggregates of the money supply, velocity, reserve requirements, etc.
Answered by SDD - Mon Jul 5 15:15:10 2010

Is an Economics degree good for an equity trader job?What is the best degree for that job?
Q. I've heard some people say finance is better but i like economics more so i wasn't sure?
Asked by x Anii X - Sat Mar 6 11:25:23 2010 - - 2 Answers - 0 Comments

A. Yeah, finance is better because equity trader works with financial stuff more. But, if you like economics more, then major in that because I think its better to go towards something that you are interested in.
Answered by lildude211us - Sat Mar 6 11:49:30 2010

What theories can economics draw upon to evaluate Health care reforms?
Q. Hi, I am a stduent studying Health Economics. I am just wondering what kind of economic theories we can use when evaluating the health care system reform such as NHS reform. Please let me know if you have any idea and thanks for reading!
Asked by Kevin I - Sun Nov 9 22:00:32 2008 - - 1 Answers - 0 Comments

A. New economic anomalie - Benign deflation (falling prices due to falling percentage of fixed costs to actual end price. Constant demand for a product gives the producer of the product the ability to produce it in greater quantity while keeping fixed overhead prices the same. Thus, the producer can offer the product at a lower price.) could be your economic principle at work in the future. As it applies to healthcare, the competition of government subsidized healthcare at reduced cost would drive most customers to the least expensive care. giving more HC professionals the incentive to join the govt. program. This lowers the cost to the govt. to attract these professionals which lets them reduce costs further which attracts more customers… [cont.]
Answered by tipton42dive - Wed Nov 12 01:10:53 2008

How is learning economics important in a life of a high school student?
Q. Well aware of the economic difficulties of our world today, what does it pay to learn economics as a high school student? Any answer would be appreciated :D
Asked by questionmark12345 - Sun Jun 28 23:23:39 2009 - - 2 Answers - 0 Comments

A. Then you know that economics make the world what it is. At least you will learn how to budget, and balance a check book. Good right?
Answered by Poppy - Sun Jun 28 23:36:25 2009

What can you get with an economics degree?
Q. My husband has changed his mind many times on what degree he can get and now he has chosen Economics because it is the fastest. I'm curious about what types of jobs a person with an Economics degree can obtain? Careers?
Asked by Summer - Fri Jan 26 16:30:33 2007 - - 3 Answers - 0 Comments

A. I have both a bachelors and masters degree in economics. The options are varied - you can work in a bank or any private company where you can advance without needing a graduate degree - international organizations such as United Nations or World Bank where you need an advanced degree to get an analyst or better position (MA is the minimum requirement but PhD is better) - think tanks and research institutions where an advanced degree is definitely an advantage and desired - academics where a PhD degree is essential - government where an advanced degree is also very useful and desirable I have worked in private companies including banks doing economic research, strategic planning in an insurance company, and did market research. I have… [cont.]
Answered by imisidro - Fri Jan 26 17:09:37 2007

Whats the difference between Economics and Business studies?
Q. Hey, i want to do one of them at A-Level but i don't know which one, economics or business studies? What's the difference? Which one would you advise me to take and why? which one is looked more upon?
Asked by m.sch. - Thu Aug 13 20:10:01 2009 - - 2 Answers - 0 Comments

A. Economics: Studies and Analyzes the growth an economy and studies the production, distribution, and consumption of goods and services in that economy. Finance: Studies and addresses the ways in which individuals, businesses, and organizations raise, allocate, and use monetary resources over time. Business: How to make a legally-recognized organizational entity existing within an economically free country designed to sell goods and/or services successful. Marketing: The study of the social process which satisfies consumers' needs and demands Accounting: The art of measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource… [cont.]
Answered by nightshift - Thu Aug 13 23:14:19 2009

How good is the economics department at Rhodes College?
Q. Any ranking to support your answer will be appreciated. I'm interested in comparative terms, with other liberal arts colleges, such as Claremont McKenna, Williams, and Vassar, who all have really good economics departments. Thanks in advance.
Asked by Clarinda - Mon Apr 12 12:33:31 2010 - - 2 Answers - 0 Comments

A. I don't have a ranking of undergraduate economics departments in liberal arts colleges. You no doubt are already familiar with the controversial USN&WR ranking of liberal arts colleges: Williams = #1 Claremont McKenna = #11 Vassar = #11(tied) Rhodes = #49 (out of 121) There is an excellent, if a little outdated ranking of graduate economics departments by the National Academy of Sciences. Since this is a ranking of PhD programs in economics, it does not have undergraduate colleges. However, you may find it helpful if you are also looking at universities. I can't paste in the entire Excel spreadsheet here, so go to the link below. The top programs are: Chicago Harvard(tied with Chicago) mit stanford Princeton Yale UC- [cont.]
Answered by engage - Tue Apr 13 02:40:06 2010

What sort of careers are available to economics graduate?
Q. I am not sure what i want to do after i have graduated, but it is only my first year so i have time to decide. I was just wondering what sort of careers economics graduates go into. Well i'm studying business economics to be precise.
Asked by Jackson - Wed Oct 10 17:05:07 2007 - - 2 Answers - 0 Comments

A. There are plenty of options, it just depends on your interests. Graduates of Economics programs can become: CEO's Financial analysts, planners, researchers for the government or private institutions, or banks. Business consultants Investment banker or consultant Another option is to go on to law school. Law schools look favorably upon Economics degrees, and they generally have higher scores on the LSAT I'm dual majoring in Economics and Marketing Management. I want to go into consulting.
Answered by La Reina - Wed Oct 10 19:17:52 2007

What methodology can you suggest for my economics thesis topic?
Q. What methodology can you suggest for economics thesis topic? Im planning to make a thesis, the role of women in advancing the field of economics. That includes women in the academic field and those who are in the non-academic field. Can you suggest any methodology or framework that i can use? Thank you so much..
Asked by char - Fri Jul 18 12:11:33 2008 - - 3 Answers - 0 Comments

A. No offense, but "the role of" is not a thesis. A thesis might be to prove or disprove whether women economists have had disproportionate impact on certain kinds of research.
Answered by SDD - Fri Jul 18 13:29:44 2008

Can Economics really help lower income people on a personal level?
Q. I interested in majoring in economics and want to use my knowledge to help people from lower incomes. I've been volunteering at a soup kitchen and was just wondering whether economics can really the homeless people who frequent the kitchen. Thanks!
Asked by Dan P - Sun Oct 19 21:53:26 2008 - - 3 Answers - 0 Comments

A. It depend on why they are homeless. Government policies can effect the unemployment rate, wages and income distribution, so those that are homeless because they can not find work, can be helped if economist find and advocate better policies. However many people become homeless because they have mental illness or addictions, so just having more jobs and better opportunities will not be enough to help them.
Answered by meg - Sun Oct 19 22:30:25 2008

Economics-What were the causes of the end Federal surpluses & the return to deficits after 2001?
Q. Economics-What were the causes of the end Federal surpluses & the return to deficits after 2001?
Asked by scalizithaproblem - Tue Oct 9 22:27:02 2007 - - 1 Answers - 0 Comments

A. The immediate cause was the recession that started in the 2nd quarter of 2001. When the economy started its recovery in early 2002 tax revenues were to eventually reach levels higher than they were in the surplus years of the late 90's. However, by then lawmakers in Washington had reneged on the spending limits put in place during the 90's; and as a consequence the federal budget has continued to run in deficit.
Answered by Crookedlettaman - Tue Oct 9 22:59:16 2007

What's the difference between majoring in Economics under Arts & Sciences vs. Business?
Q. I'm currently applying for colleges and I notice at many colleges that when it asks me to choose a major it has economics listed under both the School of Arts & Sciences and the School of Business. What are the differences between these two different majors? Is there any advantages to choosing one over the other? If you majored in economics at a school that had both, which did you choose and are you happy? And finally, do you have any additional info that might help me out? Thank you!
Asked by Kikki - Wed Jul 23 18:43:56 2008 - - 1 Answers - 0 Comments

A. The main difference is in the courses you take outside of Economics. If you study in a B-School, then you have to take courses in other Business areas, like Marketing, Accounting, management, finance, etc. In the college of Arts & Sciences, you would not be required to take those classes, but may have other requirements in the arts or the sciences. I can't tell you which is preferable -- because it depends on the school. Many of the top undergraduate schools -- like Harvard, Princeton, Duke, Chicago and Stanford -- do not have undergraduate business schools. But an Economics degree from the A&S college of one of those schools would be better than one from a Business School at most schools. On the other hand, a BS in Economics from… [cont.]
Answered by Ranto - Wed Jul 23 18:56:40 2008

What is the difference between Economics MICRO and MACRO?
Q. I'm looking to dual-enroll next year, and I want to take an economics class and I have two choices which are above.
Asked by Josh D - Mon Jun 8 09:45:04 2009 - - 1 Answers - 0 Comments

A. Micro Economics is a branch of economics that studies how individuals, households and firms and some states make decisions to allocate limited resources. Along with microeconomics, macroeconomics is one of the two most general fields in economics. It is the study of the behavior and decision-making of entire economies.
Answered by unknown - Mon Jun 8 10:41:50 2009