Outline of economics


The following outline is provided as an overview of and topical guide to economics:

Economics classes make extensive use of supply and demand graphs like this one to teach about markets. In this graph, S and D refer to supply and demand and P and Q refer to the price and quantity.

Economics – analyzes the production, distribution, and consumption of goods and services. It aims to explain how economies work and how economic agents interact.

Description of economicsEdit

Economics can be described as all of the following:

  • Academic discipline – body of knowledge given to, or received by, a disciple (student); a branch or sphere of knowledge, or field of study, that an individual has chosen to specialize in.
  • Field of science – widely recognized category of specialized expertise within science, and typically embodies its own terminology and nomenclature. Such a field will usually be represented by one or more scientific journals, where peer-reviewed research is published. There are many economics-related scientific journals.
  • Social science – field of academic scholarship that explores aspects of human society.

Branches of economicsEdit

  • Macroeconomics – branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.
  • Microeconomics – branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of limited resources.

Subdisciplines of economicsEdit

Methodologies or approachesEdit

Multidisciplinary fields involving economicsEdit

Types of economiesEdit

Economysystem of human activities related to the production, distribution, exchange, and consumption of goods and services of a country or other area.

Economies, by political & social ideological structureEdit

Economies, by scopeEdit

Economies, by regulationEdit

Economic elementsEdit

Economic activitiesEdit

Economic forcesEdit

Economic problemsEdit

Trends and influencesEdit

Economic measuresEdit

Economic participantsEdit

Economic politicsEdit

Economic policyEdit

Economic policy





Types of marketsEdit

Aspects of marketsEdit

Market formsEdit

Market form

  • Perfect competition, in which the market consists of a very large number of firms producing a homogeneous product.
  • Monopolistic competition, also called competitive market, where there are a large number of independent firms which have a very small proportion of the market share.
  • Monopoly, where there is only one provider of a product or service.
  • Monopsony, when there is only one buyer in a market.
  • Natural monopoly, a monopoly in which economies of scale cause efficiency to increase continuously with the size of the firm.
  • Oligopoly, in which a market is dominated by a small number of firms which own more than 40% of the market share.
  • Oligopsony, a market dominated by many sellers and a few buyers.

Market-oriented activitiesEdit




Resource managementEdit

Resource management

Factors of productionEdit

Factors of production





Economic theoryEdit

Economic ideologiesEdit

History of economicsEdit

History of economic thoughtEdit

History of economic thought

Economic historyEdit

Economic history

General economic conceptsEdit

Economics organizationsEdit

Economics publicationsEdit

Persons influential in the field of economicsEdit

Nobel Memorial Prize–winning economic historiansEdit

Other notable economic historiansEdit

See alsoEdit

External linksEdit

  • History of Economic Thought and Critical Perspectives (NSSR)
  • The Joy of Economics, chapter 1 of Surfing Economics by Huw Dixon