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A branch of economics that focuses on the optimal allocation of resources and goods and how this affects social welfare. Welfare economics analyzes the total good or welfare that is achieve at a curre…
A measure of efficiency in production for some given set of inputs
The study of equilibrium when individual agents have no power to influence market-level variables like prices or quantities.
a branch of economics which deals with economic aspects of the development process in low-income countries.
Expert level questions which do not arise prior to graduate studies in economics.
a field in economics and game theory that takes an engineering approach to designing economic mechanisms or incentives, toward desired objectives, in strategic settings, where play…
A branch of statistics that studies the likelihood of uncertain events occurring.
The application of economics to issues in the natural environment; especially concerning climate change.
DSGE - Dynamic Stochastic General Equilibrium models.
a quantitative measure of how good or bad a policy or situation is for a society, overall. It is usually obtained by somehow "aggregating" the utility functions of all the people in…
Study of the behavior of firms in organizing their production and allocating productive resources.
A property of preferences that causes an agent to prefer alternatives whose outcomes are relatively certain, even when the associated expected payoff is lower.
Economic questions related to the United States of America, a large country located in North America.
A Non-specific question regarding economic practice and analytical development.
a commonly used functional form for a firm's production function or for consumers' utility, with a variety of convenient properties.