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This Encyclopaedia deals with seven fields of Economics namely Micro Economics is the study of economic behaviour of individual consumers, firms and industries as well as distribution of total productin and income among them, and Macro Economics helps beginners to master the principles essential for understanding and analyzing economic problem, specific economic issues and the policy alternatives, whereas Institutional Economics focuses on understanding the role of human made institutions in shaping economic behaviour, and Political Economics is the study of production, buying and selling and their relations with law, custom and government.On the other hand International Economics is the field in which general tools of micro and macroeconomics are applied to specific problems with great rigor and strength, and Environmental Economics quantifies natural losses and determine efficent way to reduce them, Welfare Economics reflects most recent advances in the field.
ISBN-978175331372
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