Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.
Economic man represents a rational actor, aiming to maximize utility and satisfaction. Discover his role and the impact the concept has in economic theories and models.
Wendy Carlin explains how a new approach to economics education can help address pressing societal problems In the early 2010s, a widespread feeling that economics teaching was failing students ...
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