DEFINITION OF ECONOMICS
Economics is the science which studies human behavior in choosing and
creating prosperity. The core economic problem is the imbalance between human
needs are not limited to the means of satisfying the needs of a limited number.
The problem then causes scarcity.
The word "economy" comes from the Greek word οἶκος (oikos), which
means "family, household" and νόμος (nomos), or "regulation,
rule of law," and broadly interpreted as "rule the household" or
"management household." While the definition of economic expert or
economist is a person using economic concepts and data in the work.
In general, subjects in the economy can be divided in several ways, most
notably the microeconomics vs macroeconomics. In addition, the economic
subjects can also be divided into a positive (descriptive) vs. normative,
mainstream vs. heterodox, and others. Economics also functioned as an applied
science in the management of family, business, and government. Economic theory
can also be used in areas other than monetary, such as criminal behavior
research, scientific research, death, politics, health, education, family and
others. This is possible because basically the economy - as mentioned above -
is the study of human choice. Many theories were studied in economics including
the free market theory, the theory of economic circle, invisble hand,
informatic economy, economic resilience, mercantilism, Briton woods, and so on.
There is an increase in the trend to apply the ideas and methods of the
economy in a broader context. The focus of economic analysis is the
"decision-making" in various areas where people faced the choices.
for example, education, marriage, health, law, crime, war, and religion. Gary
Becker of the University of Chicago is a pioneer of this trend. In his
articles, he explained that the economy should not be confirmed by the subject
matter, but it should be defined as an approach to explain human behavior. This
opinion is sometimes described as economic imperialism by some critics.
Many mainstream economists feel that the combination of theory with
existing data is sufficient to make us understand the phenomena that exist in
the world. Economics will experience major changes in ideas, concepts, and
methods; although in the opinion of critics, sometimes these changes actually
damage the correct concepts that do not correspond to the reality. This raises
the question "what should be done economists?" The traditional
Chicago School, with its emphasis on economics being an empirical science
explaining Aimed at real-world phenomena, has INSISTED on the powerfulness of
price theory as the tool of analysis. On the other hand, some economic
theorists have formed the view that a consistent economic theory may be useful
even if at present no real world economy bears out its prediction.
In the study of science, economics introduced into the social sciences.
This is because the economics associated with human problems which are the
subject of the study of social sciences. Economics itself is divided into three
areas.
The first field is the field of accounting or better known by the name of
accounting. The second field associated with an organization or system
structuring techniques known to management. And the third is the concept of
economics which discusses the country's economic problems, known as economic
development.
Accounting and management, classified as microeconomics. Therefore, the
subject matter is related to the scope of the company alone. As for economic
development is classified as a macroeconomics. This is because the study of
economic science this discussion is more extensive and associated with a state
policy in the field of economics. Like about the inflation rate, the interest
rate, or also about the economic system that is used.
Reference :
id.wikipedia.org and google.com
