Economic methodology

sociological theory

concept in many economic theories of humans as rational and narrowly self-interested actors who have the ability to make judgments toward their subjectively defined ends

branch of economics

part of economics that expresses value judgments about economic fairness

subfield of economics

applied economic theory

expansion of economic analysis into other areas of study

simplified presentation of an empirical finding

economic theory: extrinsic random variable, that is, a random variable that does not affect economic fundamentals (such as endowments, preferences, or technology)