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Economics of Education is the branch of microeconomics that studies production, consumption, externalities of education, as its market peculiarities and non-market effects.
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Questions about markets where the number of sellers is finite and larger than one.
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In economics, a public good is a good that is both non-excludable and non-rivalrous in that individuals cannot be effectively excluded from use and where use by one individual does not reduce availabi…
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Capitalism refers to the economic system wherein decisions about production, investment, and exchange are made chiefly by private individuals or corporations, especially as contrasted with collective,…
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Natural resource economics deals with the supply, demand, and allocation of natural resources.
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Situations in which different consumers pay different prices (or, more precisely, different price-cost margins).
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Questions related to the application of game theory to situations in which actions are taken sequentially.
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In signaling games, an informed sender moves first. Their action may "signal" information about the sender's type to an uniformed receiver who then acts based on an updated belief.
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The Rational Expectations Hypothesis postulates that the value a variable is expected to take by an economic agent equals the mathematical expected value of that variable conditional on all informatio…
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A basic income (also called unconditional basic income, basic income guarantee, universal basic income, universal demogrant, or citizen’s income) is a form of social security system in which all citiz…
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The relationship between cause and effect.
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