The SAGE Glossary of the Social and Behavioral Sciences (2009) defined Economics as the study of how individuals, households, and societies choose to use their scarce resources efficiently in order to satisfy their diverse wants. Given this definition, economics is a social or behavioral science because it studies human behavior just like other social sciences, but it emphasizes the need to make wise choices in order to use scarce resources in an efficient way to satisfy diverse wants.
The International Encyclopedia of the Social and Behavioral Sciences (2001) also defines Economics as the study of the production, distribution, and utilization of scarce resources. In addition, economics is also being defined as the study of social relations that result from the wants that people have. While these definitions are quite general and encompassing, definition of economics can be modified to accommodate some specific subjects such as determinants of occupational safety (economics of safety) and determinants of healthcare (health economics) to name a few.
Economics is further divided into two major subject matters such as Microeconomics, which is the study of the behavior of individual agents, and Macroeconomics, the study of the behavior of aggregate units.
This guide will help you locate resources in the library about economics. It includes information on how to search for printed books, ebooks, electronic articles, data, and tips on how to conduct your research effectively.
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Economics. (2009). In L. E. Sullivan (Ed.), The SAGE glossary of the social and behavioral sciences. Sage Publications. Credo Reference: http://ezproxy.nu.edu.kz:2359/login?url=https://search.credoreference.com/content/entry/sagegsbs/economics/0?institutionId=7630
Economics. (2001). In N. J. Smelser, N. J. & P. B. Baltes (Eds.). International encyclopedia of the social & behavioral sciences. Elsevier. https://ezproxy.nu.edu.kz:2094/science/article/pii/B0080430767022269
