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Economics in layman terms is defined as an art and science of making available the limited resources to the individuals or organizations in order to satisfy the needs and desire of the same. Everyone in today's World, employs the rule of economics in their day to day life. Like for say, the newborn becomes the consumer for various products and services like Baby foods, toys, etc.

Gradually with the increasing turmoil (financial and non financial) being experienced by almost each and every country of the World both within and outside economy(s), the importance of how to manage the resources has increased considerably among countries, companies and individuals across the globe. This has resulted in widening the scope of economics too a great extent.

The World now, after witnessing the slowdown or recession in their respective or leading economies, have become much more cautious and have started to employ the rule of economics in a very planned and careful way to safeguard their own interest (individuals) and the interest of the countrymen (government) against any of the slowdown or recession in the near future. Economics brings along with it several benefits to the individuals and the society. Some of them are as under:

Helps in optimizing the usage of the resources
Helps in utilizing the opportunity cost
Helps in gaining social efficiency
Helps in stabilizing the overall economy
Helps in maintaining the key financial indicators at favorable levels

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International Economics, Microeconomics, Macroeconomics, Financial Economics, Mainstream Economics, Computational Economics, Keynes Theory, Inflation, Hyperinflation, Economies of Scale, Cost – Benefit Analysis, Market Structure, Social Choice Theory, Elasticity, IS/LM Model, Recession, Inflation, Growth, Great Depression, Balance of Payments.

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International finance
Microeconomics
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International economics
Globalization
Income growth
Environmental economics
Regulation of monopoly
Business economics
International trade policy
Demand & Supply of labor
World economic history
Economics of inequality and poverty
Mathematical methods of economics
Monopoly
Gains from trade
Exchange rates
Capital
Computational economics
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Unemployment
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Quantity adjustment paradigm
Rational expectations
Sources of economic growth
Sources of inflation
International finance
Consumption
Employment
Econometrics
International trade
Public economics
Industrial organization
Auctions
Wages
Immigration economics
Tariff
Measuring income and output

Supply and demand
Market failure
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Monopolistic competition
Economics of science
Policy business cycle fluctuations
Business cycles
Determinates of aggregate demand
Disposable income
New classical macroeconomics
Markets
Health economics
Profit function
Profit maximization
Index number theory
Normative economics
Inflation interest rates
Macroeconomics
Asset markets
Financial crisis
Political economy
Inequality constrained optimization
Analysis of monetary
Monetary and fiscal policy
National income and Product accounts
Public goods
Political economics
Economic development
Depression and unemployment
Inflation and monetary policy
Intertemporal preferences
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Growth
Oligopoly
The Keynesian model in the open economy
Expectations of inflation
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Externalities
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