Discover how economists' assumptions shape economic models, affecting predictions about consumer behavior, resource ...

The modern economy is a complex machine. Its job is to allocate limited resources and distribute output among a large number of agents—mainly individuals, firms, and governments—allowing for the ...

Valentine’s Day is less than a week away, and here’s how an economist says “I Love You” on that special day using graphs and economic theory. Here are three of my personal favorites below, and there’s ...

Find out how and why mathematics is used in microeconomics, its limitations, and the math skills that economics students need.