ECONOMICS

Detailed explanation-1: -The “perspective of economics” is taken to mean the application of the principles of maximizing behavior and demand and supply to institutions and behavior in the political world.

Detailed explanation-2: -As the world slowly emerges from a recession, contentions over the sources of decline and recovery are reigniting a debate among proponents of three disciplines of economics: neoclassical, Keynesian, and Marxian.

Detailed explanation-3: -Understanding Behavioral Economics This theory assumes that people, given their preferences and constraints, are capable of making rational decisions by effectively weighing the costs and benefits of each option available to them. The final decision made will be the best choice for the individual.

Detailed explanation-4: -Financial economics analyzes the use and distribution of resources in markets. It employs economic theory to evaluate how time, risk, opportunity costs, and information can create incentives or disincentives for a particular decision.