In this chapter you will be introduced to the subject matter of economics and the rationale that motivates us to study economics.

Economics is a social science discipline that investigates how individuals, businesses, governments, and societies allocate scarce resources to satisfy their unlimited desires and …

May 5, 2019 · Economics studies how people use resources, like money, and affects our everyday lives. Microeconomics looks at individual markets, while macroeconomics looks at …

Aug 25, 2025 · What Is Economics? The study of economics is a social science primarily concerned with analyzing the choices that individuals, businesses, governments, and nations …

Jun 23, 2022 · This article is an introduction to economics. In this article, we discuss the definition of economics, branches of economics, economics as social science, types of economics, …

This leads us to the topic of this chapter, an introduction to the world of making decisions, processing information, and understanding behavior in markets —the world of economics.

In this video, we introduce the field of economics using quotes from the person that many consider to be the "father" of economics: Adam Smith. Topics include the definition of …

Watch this video for a brief overview of economics. You’ll often encounter videos like this, enclosed inside of “Watch It” boxes, in this course. These are highly recommended and serve …

Learn the basic principles of economic theory, policy, supply and demand, and more in Rice University’s Principles of Economics Intro Course 1, 100% online.

Economics and economic theory is fundamental to decision making in business, policy, and everyday life. If you're interested in a career in business, law, accounting, or investment then …