The discounting concept is widely used in economics and psychology. When referring to economics, the principle defines a value that will be received in the future, based on present financial terms. It ...

Economics professors typically cover the “economic way of thinking” in the first chapter of a principles of economics course. After covering 8-10 of the most important guideposts and principles of ...

Every year, around 400 undergraduates sign up for the introductory course Econ 0110: “Principles of Economics.” Nearly four out of every five students in the current iteration of this course are first ...

Behavioral Economics is the application of psychology to the field of economics. It describes the role that psychology plays among consumers, employers, and governments, which then impacts markets and ...

Economics is a discipline with almost 250 years of history. As we look ahead, there are a number of different trends that will define economics' future. Discover Nobel Perspectives, which explores the ...

ECONOMICS admit of being reduced to principles more than other sciences dealing with human actions, for the reason which Prof. Marshall has thus expressed: “Wide as are the interests of which the ...

The Brown University economist Emily Oster, author of the best-selling Expecting Better (2013) and Cribsheet (2019), is back with a third book on how to apply the principles of economics to parenting.

Microeconomics is a subset of economics that focuses on the actions of the individual participants in the economy, including individual consumers and businesses. Unlike macroeconomics, which focuses ...