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Economics is a social science that seeks to analyze and describe the production, distribution, and consumption of wealth. The word "economics" is from the Greek nomos" target="_blank" >*, "custom, law," and hence means "household management." "management of the state." An economist is a person using economic concepts and data in the course of employment, or someone who has earned a university degree in the subject.

The classic brief definition of economics, set out by Lionel Robbins in 1932, is "the science which studies human behavior as a relation between scarce means having alternative uses." Briefer yet is "the study of how people seek to satisfy needs and wants." Absent scarcity and alternative uses, there is no economic problem.Economics can also be defined as the study of "The financial aspects of human behaviour."

The subject has two broad branches: microeconomics, where the unit of analysis is the individual agent, such as a household, firm (economics jargon for a "business"), or government department, and macroeconomics, where the unit of analysis is the nation state. Another division of the subject distinguishes positive economics, which seeks to predict and explain economic phenomena, from normative economics, which orders choices and actions by some criterion; such orderings necessarily involve subjective value judgments.

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AEAweb - Information for economists provided by the American Economic Association. Includes electronic editions of the American Economic Review, the Journal of Economic Literature and the Journal of Economic Perspectives as well as the internet guide Resources for Economists on the Internet (RFE).

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Meta Description: [ Great starting point for economics news, data, and analysis for the US economy. ]

Council of Economic Advisers - A three member council that analyzes and interprets economic developments and advises the President of the United States on national economic policy. Publishes Economic Report of the President, Monthly Economic Indicators and other analysis and data.
Meta Description: [ The Council of Economic Advisers was established by the Employment Act of 1946 to provide the President with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. ]

David Smith's EconomicsUK - The website of David Smith, Economics Editor of The Sunday Times. Containing among other items, an article archive, research section, UK policy watch, and a QA forum.

Dismal Scientist, The - Economy.com - Provides economic analysis, financial outlook, and global data.
Meta Description: [ Economic indicators, forecasts, analysis, and data for the world in real-time. ]

Econoday - Economic calendar covering events such as US Treasury announcements, economic indicators and international banking holidays

Economics at About.com - Offers feature articles, links, and glossary.
Meta Description: [ Economics at About.com makes the dismal science of economics a bit less gloomy. Topics include Macroeconomics, Microeconomics, Econometrics, Term Paper and Test Help for students, Data Sources, Finance, Game Theory, Sports Economics, and much much more. ]

Economics Departments, Institutes and Research Centers in the World (EDIRC) - Listing maintained by Christian Zimmermann of the University of Connecticut
Meta Description: [ Central index of economics institutions (academic, governmental and non-profit) organized by country and US state. ]

Economics in the news - Provides links to hundreds of articles appearing in the popular press and relating economics to everyday life.
Meta Description: [ Articles highlighting game theoretic and economic themes in the popular press, by industry or field of study ]

Economist Jokes - Jokes about economists and economics.

Economy.com - Web portal for news, data, and analysis on the world's economies, industry status, and related topics. Includes online databases of economic and financial time series, The Dismal Scientist economics pages, and online shopping for Dismal Scientist souvenir items.
Meta Description: [ Moody's Economy.com is a trusted independent provider of economic analysis, data, and forecasting and credit risk management which has been helping clients worldwide achieve their business objectives since 1990. ]

Gothenburg Economic Research Database - Provides a collection of links to regional economics departments, current job and grant postings, conferences, associations, and journals.
Meta Description: [ Merhamet ist eine bosnische Hilfsorganisation, die im Jahr 1913 in Bosnien-Herzegowina gegründet wurde. Merhamet - Bosnien-Herzegowina in Sarajewo ist die Ursprungsoganisation und somit die Mutterorganisation. ]

IDEAS - A central index of economics working papers.
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404 India Economy - Monthly report of developments in Indian economy, special reports on Union Budget and macro-economic database.

JEL Classifications - Journal of Economic Literature Classification System

Job Openings for Economists (JOE) - Published every month except January and July. The online version is generally available on the 5th of the month. Provided by the American Economic Association. Listings are alphabetical and by institution that is offering the position(s).

Library of Economics and Liberty - Provides concise encyclopedia, classic texts, articles, and data links by topic.
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Links to News Articles - Provides a listing of articles from the popular press with questions relevant to the study of introductory economics and listing of relevant themes from popular textbooks.

MIGA - The Multilateral Investment Guarantee Agency (MIGA) is a member of the World Bank Group. Its purpose is to facilitate the flow of foreign direct investment to its developing member countries through the provision of investment guarantees against political risks.
Meta Description: [ miga.org - The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, promotes developmentally beneficial foreign direct investment into emerging economies by insuring investments against political risks such as expropriation, breach of contract, and war and civil dis... ]

Models of the Economy - Provides essays about and software for forecasting the economy through the use of financial and macroeconomic models.
Meta Description: [ Models of the economy, Monte Carlo simulations and other ways to make forecasts and predictions ]

NetEc - collection of networking projects for academic Economics.

Resources for Economists on the Internet (RFE) - Extensive guide of economics-related information on the web. Sponsored by the American Economics Association and edited by Bill Goffe.
Meta Description: [ RFE ]

Technology Review - The Economics of Brains - Article discusses neuroeconomics: brain research informing economics.
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Ten Recurring Economic Fallacies, 1774–2004 - Mises Institute - Serious and recurring economic fallacies to which top leaders (political, corporate, academic) have subscribed and from which they cannot seem to free themselves.
Meta Description: [ The Ludwig von Mises Institute is the research and educational center of classical liberalism and the Austrian School of economics. Working in the intellectual tradition of Ludwig von Mises (1881-1973) and Murray N. Rothbard (1926-1995), with a vast array of publications, programs, and fellowship... ]

The International Finance Corporation - IFC is a member of the World Bank Group. It finances and provides advice for private sector ventures and projects in developing countries in partnership with private investors and, through its advisory work, helps governments create conditions that stimulate the flow of both domestic and foreign private savings and investment.

WebEc - WWW resources in economics listed as part of the WWW Virtual Library.

WoPEc - is a service for finding and downloading the latest research results in economics. It contains around 11,000 papers.

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