Explore the differences between "ceteris paribus" and "mutatis mutandis" in economics. Understand how these concepts ...

The term “economic divide” is commonly used today. It can refer to several aspects in our economy, such as the economic differences between urban and rural areas, the widening income and wealth ...

Over the last 10 years, Behavioral Economics (BE) has become increasingly popular (see Google Trends chart below). According to BE, people’s economic decisions are often less guided by stable ...

Editor’s note: Dr. Mike Walden is a William Neal Reynolds Distinguished Professor Emeritus in the Department of Agricultural and Resource Economics at North Carolina State University. RALEIGH – The ...

Although often taught and presented as separate disciplines, economics and finance are interrelated and regularly inform each other. Investors care about both these studies because they influence the ...

Explore true cost economics, an approach that includes external costs like pollution in pricing, ensuring a more accurate ...