In what ways is cognitive economics different than other fields of economic research? Different branches of economics have different characteristic data types.

During economic downturns, all sectors typically experience reduced sales and profitability, leading to a substantial contraction in economic activity.

Thus, in economics, as in many other disciplines, it's crucial to distinguish between descriptions of what is the case ("robberies are high in this city") and what's ethically right or should be ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

The basic message of behavioral economics is that humans are hard-wired to make judgment errors and they need a nudge to make decisions that are in their own best interest.

What Is the Economic Cycle? Why Is It Important? Just like nature changes throughout the seasons, an economy experiences times of growth and contraction.

According to Keynesian economics, state intervention is necessary to moderate the booms and busts in economic activity, otherwise known as the business cycle. There are three principal tenets in the ...

A recession is "a contraction in economic activity," according to experts. During a recession, there is a range of decline spread across the economy.