If you are a journalist , you might want research summaries and complimentary access to our journal publications both reliable sources of current economic information.
WRI’s Economics Center helps provide a better understanding of the value that ecosystems provide to the economy. We use an economics lens to analyze problems and solutions at the intersection of environment and human well-being.
A few economists at the 7568 AEA Annual Meeting offer their candid thoughts about how they got interested in the field. It wasn&rsquo t always an obvious career path choice until they learned more about it.
Economics can help us answer these questions. Below, we&rsquo ve provided links to short articles that illustrate what economics is and how it connects to our everyday lives.
This issue brief provides insight on how incorporating emissions target mechanism into a strong national carbon tax can help ensure the intended emission reductions are delivered. It is part of a series of WRI research devoted to designing a national carbon price in the United States.
Economics ranges from the very small to the very large. The study of individual decisions is called microeconomics . The study of the economy as a whole is called macroeconomics . A microeconomist might focus on families&rsquo medical debt , whereas a macroeconomist might focus on sovereign debt .
Economics affects everyone&rsquo s lives. Learning about economic concepts can help you to understand the news, make financial decisions, shape public policy, and see the world in a new way.
There are two main approaches taken by economists: Classical and Keynesian. Classical economics is based on the idea that, in general, market economies can function competently, are able to react to changes in equilibrium, and that governments should adopt a " laissez faire " policy toward the economy.
The study of economics has spawned numerous theories about the nature of human production and consumption including: Marxist theories of production, the Chicago School, which advocates free market and monetarist approaches, and the Austrian School, whose approach is underscored by the emphasis on stock market price mechanisms.
Economists have all kinds of jobs, such as professors, government advisors, consultants, and private sector employees. Using theoretical models or empirical data, they evaluate programs , study human behavior , and explain social phenomena . And, their contributions inform everything from public policy to household decisions.