Reviewed by Charles PottersFact checked by Michael LoganReviewed by Charles PottersFact checked by Michael Logan Economics is divided into two categories: microeconomics and macroeconomics.

This puts the task of increasing output on the shoulders of the government. According to Keynesian economics, state intervention is necessary to moderate the booms and busts in economic activity, ...

While many people may think of money when they hear the word "economics," that’s only one aspect of this broad field. Economics majors analyze social systems — including markets, corporations ...