Explore how the circular flow model illustrates money's movement through an economy, cycling from producers to consumers, influencing GDP.

Learn about market failure in economics, where supply and demand imbalances lead to inefficient distribution, its types, and ...

If you ever stared blankly at teachers or the news as you listened to a report or lecture on economics and the way economies work, you’ll be in good company. Most of us nod and smile like we pretend ...

Economist Arthur Laffer might be best known for the Laffer Curve, a representation of the relationship between tax rates and tax revenue, but what he really wants you to know about today is how to ...

Behavioral economics helps investors understand irrational market behaviors and customer choices. Examples of behavioral economic theories include loss aversion and sunk-cost fallacy. Recognizing ...

Joel Mokyr, Philippe Aghion and Peter Howitt won the Nobel memorial prize in economics Monday for their research into the impact of innovation on economic growth and how new technologies replace older ...

When Claudia Goldin won the Nobel Prize in Economics last October, many of her colleagues rejoiced. The prestigious award endows the Harvard University academic with an aura of respectability that few ...