𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜𝐬 ┊ .𐙚˙⋆.˚ ᡣ𐭩

To my beloved research group mates, no, I did not use these flashcards po. Labyu <3

Economics

The branch of knowledge concerned with the production, consumption, and transfer of wealth.

Economic goods

Items that have value or price, such as food, clothing, and shelter, which become scarce due to unlimited needs.

Free goods

Natural resources like air, water, and sunlight that are available at no cost.

Microeconomics

The study of individual behavior of consumers, producers, and markets within the economy.

Macroeconomics

The study of the overall behavior of the economy, focusing on aggregate activities of government, industry, and households.

Economics and sociology

The relationship between societal composition and economic factors, highlighting family roles and gender equality in economic development.

Economics and political science

The importance of understanding government structures and laws in relation to economic issues like tax reforms and budget deficits.

Economics and history

The influence of historical struggles and progress on local and global economies and modern economic activities.

Economics and ethics

The connection between individual morality and economic development, emphasizing self-discipline and good values.

Economics and geography

The impact of physical features, products, and population on economic activities, including effects of climate phenomena like El Nino and La Nina.

Economics and physics

The relevance of physics in modern technology and innovation that supports economic sustainability.

Economics and chemistry

The study of chemical composition to enhance efficiency and competitiveness in global markets.

Economics and biology

The importance of studying living organisms for economic development, particularly in agriculture and fisheries.

Economics and psychology

The influence of human behavior and mindset on economic activities, emphasizing resilience in business ventures.

Economics and mathematics

The interconnectedness of economics and mathematics in understanding economic effects through numbers and statistics.