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There was no Macroeconomics or Microeconomics 100 years ago there was one Economics Why did it split?

Macroeconomics was called "Political Science" and microeconomics was simply "economics" in those days, but the difference was already there.


What is the history of Home economics in Pakistan?

IN Pakistan Home Economics Started In 1955 in college Rana Liaquat Ali Khan College of Home Economics in Karachi. Mrs.Henry Lal was its first principle.Now a days Mrs. Rubina Hakeem is its New Principle.R.L.A.K college of H.eco celeberated its Golden Jubilee in 2005.


Why does economics depend completely on mathematics if it is a social science?

Mathematics is Queen of Science. Just for convenience we have divided subjects as science and art. But now a days we have consider all as science. See even politics is treated as political science. So all subjects as they use mathematics will be more precisse. Hence economics though it is an art subject needs mathematics for precise study.


Suppose unfortunately your mathematics and economics professors have decided to give tests two days from now and you can spend a total of only 12 hours studying for both exams. After some thought you?

Suppose, unfortunately, your mathematics and economics professors have decided to give tests two days from now and you can spend a total of only 12 hours studying for both exams. After some thought, you conclude that dividing your study time equally between each subject will give you an expected grade of C in each course. For each additional 3 hours of study time for one of the subjects, your grade will increase one letter for that subject and your grade will fall one letter for the other subject. a. Construct a table for the production possibilities and corresponding number of hours of study in this case. b. Plot these production possibilities data in a graph. c. Does this production possibilities curve reflect the law of increasing opportunity costs? Explain.


What is the market economy?

Economic desicions and the pricing of goods and services are guided soley. Even Market Economy is considered the closest to the Capitalism in reality in modern days economies the market demand-to-supply balance is not a main priority of neither of developed economies because there are too many different factors that influence the usage of economic instruments such as ideologies of the trickle-down self-adjusting dialectic methods of economics or socialistic large governmental involvement in economics, so even when economic indicators showed need for business laws and regulations, or monetary expansion, or accelerated fiscal policies to maintain this (demand-to-supply) balance in many cases these economic instruments are inefficiently used or not used; thus if Market Economy is to be supported by Market Economics as it should be the instruments of economics should be adequately used based on demand-to-supply fluctuations. quantum economics-market economics-philosophy of the economy

Related Questions

What are halcyon days?

Halcyon days are happy and meaningful days in the past that were full of peace and bliss.


There was no Macroeconomics or Microeconomics 100 years ago there was one Economics Why did it split?

Macroeconomics was called "Political Science" and microeconomics was simply "economics" in those days, but the difference was already there.


How long does the president have to study a bill?

10 days


What is the setting for the ninny?

a few days ago at the his study


What is the history of Home economics in Pakistan?

IN Pakistan Home Economics Started In 1955 in college Rana Liaquat Ali Khan College of Home Economics in Karachi. Mrs.Henry Lal was its first principle.Now a days Mrs. Rubina Hakeem is its New Principle.R.L.A.K college of H.eco celeberated its Golden Jubilee in 2005.


How do you answer course of study in job application?

days and hours available


How many days can a pit bull study have puppies?

30


Why is Excel for Windows important now a days?

because these days people have finance problems then they can sort it out on them but especially shops.


Is there a large demand to become a teacher?

There is very little demand for anything these days, especially at entry level, and especially in teaching.


What is the alchemist's name?

because alchemist study about alchemy in the olden days


What are beneficial effects of typhoon?

it can water plants especially when after sunny days


What is the posh word for food technology?

In the days of old it was referred to as 'domestic science'. When I was at school it came under the subject called 'home economics'.