Economics is broadly divided into macroeconomics and microeconomics. The big picture, macroeconomics, concentrates on the behavior of a national or a regional economy as a whole: the totals of goods ...

Learn how utility functions derive demand functions and their role in maximizing consumer satisfaction and economic decision making.

Brent Radcliffe has 10+ years of experience as both a digital marketing analyst and writer for Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...

This paper demonstrates how the circumstances of quitting a previous job affect the probability of a later voluntary job change. The theoretical section describes a model of expected utility ...