Areas of Economics

Following are different areas, of economics.

Monetary Policy - the control of the amount of money circulating in the economy to influence interest rates, savings, investments, inflation rates, and growth rate

Public Finance - studies the economic impact of the government's monetary and fiscal policies

International Economics - focuses on the global economy, specifically on international trade and business

Economics of Labor - discusses the theory, state, and value of labor in a country's economy

Industrial Organization - is primarily concerned with the structure of the market, the role of the government, and the regulations for monopolies

Agricultural Economics - gives importance to the agricultural sector of the economy

Econometrics - uses data, statistics, or mathematics to study the theories of economics

Development Economics or Economic Development - studies the economic situation of developing countries such as those in Africa, Asia, and Latin America