Good afternoon, dear University of the Philippines School of Economics (UPSE) graduates. I did not expect that the invitation ...

What is supply-side economics? Supply-side economics (also called trickle-down economics and Reaganomics) is a macroeconomic theory that focuses on supply-side factors serving as the driving force ...

Understanding Total Utility. In economics, utility refers to the satisfaction gained from consuming a good or service. Total utility is usually defined as a quantifiable summation of satisfaction ...

Keynesian economics made a comeback during the financial crisis of 2007–2008, when Federal Reserve officials grappled with the deepest recession in the U.S. since the Great Depression and sought ...

What is the definition of a recession? The National Bureau of Economic Research (NBER) defines a recession as a “significant decline in economic activity that is spread across the economy ...

Environmental economics is the study of the efficient allocation, use, and protection of the world's limited natural resources.

We need a new, positive definition of public goods to counter the current economics definition that relegates pubic goods to market failure. Last week I wrote about how economist Paul Samuelson's ...

Development economics is a branch of economics whose goal is to better the fiscal, economic, and social conditions of developing countries. Areas that development economics focuses on include ...

Just Economics changes the definition of success. Posted on March 1, 2015 March 16, 2015 by Xpress Contributor. Courtesy of Just Economics. What is the definition of a “successful” business?