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Economics

Economics (UK English: /kəˈnɒmɪks/, /ɛkəˈnɒmɪks/; US English: /ɛkəˈnɑːmɪks/, /ikəˈnɑːmɪks/) is a social science that studies behavior within a system of finite resources or choices, broadly applied to the description and analysis of the production, distribution, and consumption of goods and services.

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Do women really avoid all things mathematical? An inquiry on the gender gap in economics.

Contributed by Jasmine D. Roy

A short explanation of economics and what an economist might do.

Contributed by Orlando Villa

An episode of Culture in Decline, all about economics ... informative and some humor in there as well.

Contributed by Kathryn Vercillo

A list of, and thorough descriptions of, economic studies done. I'm leaning towards become a Behavioral Economist and doing research and so I will definitely be perusing this website.

Contributed by Keri Potter

An important concept about economics is that of marginal cost and marginal benefit. A profit maximizing firm will continue to produce until MB=MC. The firm gets the most benefit by using that method. Marginal benefit is the benefit that results from one more additional unit of output and marginal cost is the cost that results from one more unit of output. When marginal benefit exceeds marginal cost, there is still more benefit to be gotten and so the firm will continue to produce until they have gotten the most benefit they can. I apologize if I have been redundant.

Contributed by Keri Potter

Economics is not strictly about money and what you can buy with it. It is the engaging science that analyzes the demand for a product by and individual or market, the ability of a firm to supply that product without making a loss, the opportunity cost (what you could have done with time or money) for buying a product or good, and finding the best outcome.

Contributed by Justin Bloomer

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