Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

Cecilia is a freelance writer, content marketing strategist and author covering education, technology and energy. She is a current contributor to the Forbes Advisor education vertical and holds a ...

Economics merges psychology, politics, law, and business for a global view of decision-making. Microeconomics focuses on individual choices, while macroeconomics examines whole economies.

Log-in to bookmark & organize content - it's free! Matthew Hennessy, author and Wall Street Journal deputy editor, talked about his book on the value of free markets, “Visible Hand: A Wealth of ...

Dody T. Eid ‘20 is an Economics concentrator in Leverett House. What is economics? To experts like Harvard Economics professor Raj Chetty ’00, economics is a science: Economists form hypotheses, ...

Some economics departments are changing the formal classification of their programs so that international students have more opportunities to work in the U.S. after they graduate. It may seem like the ...