The subject of economics was considered a part of philosophy until the Industrial Revolution. When the shift from agriculture to industry became pronounced, the study of economics gained importance. The three books below were major&hellip
Tagged By Economics
What is Macroeconomics?
Economics can be classified in to two groups, namely macroeconomics and microeconomics. Macroeconomics examines the performance, behavior, decision making and structure of an economy as a whole. Global, national and regional economics fall under the&hellip
What is QE2?
What is QE2? QE stands for quantitative easing and the 2 represents the second time or second round of this process. In this context, QE2 is the second time in which a particular central bank&hellip
What is GDP?
What is GDP? GDP stands for Gross Domestic Product, which refers to the calculation of all the gross services and goods produced by a specific country over a year. Typically, GDP is used to gauge&hellip
What is The Tea Party?
What is The Tea Party? On December 16, 1773, in Boston which was then a part of the British colony of Massachusetts, there was a revolt against the British government by the colonists for what&hellip
What is Quantitative Easing?
What is Quantitative Easing? Quantitative easing is a term used in finance and economics where a country’s central bank takes action to boost a country’s economy by increasing the supply of money. This is done&hellip
Number of Economics Majors
How many economics majors are there? 89,000. In 2003, there were 89,000 undergraduate and graduate students enrolled in economics courses in the United States. This represents 0.4% of all enrolment for the year. 82.2% of&hellip