economic theory

Economic theory is a conceptual framework that explains how individuals, firms, and governments make decisions about the allocation of scarce resources and how these decisions shape the production, distribution, and consumption of goods and services.

Aliases (11)

• concept in macroeconomics ×1
• concept in public finance ×1
• consumption theory ×1
• critique of econometric policy evaluation ×1
• economic concept ×1
• economic theorem ×1
• financial theory ×1
• hypothesis in finance ×1
• theorem in law and economics ×1
• theory of rent ×1
• welfare economics concept ×1

Instances (22)

• expected utility theory (with John von Neumann)
  surface form: "expected utility theory"
• classical economics
• Phillips curve framework
• Ricardian equivalence
• neoclassical economics
• Ricardian rent via concept surface "economic concept"
• Lucas critique
• New Classical macroeconomics
• guild socialism
• Laffer curve
• efficient market hypothesis via concept surface "financial theory"
• permanent income hypothesis
• Coase theorem via concept surface "economic theorem"