economicsec‧o‧nom‧ics /ˌekəˈnɒmɪks, ˌiː- $ -ˈnɑː-/ ●●○ W3 AWL noun 
a Harvard professor of economics2[plural] the way in which money influences whether a plan, business etc will work effectively: the economics of the scheme → home economicsGRAMMAR: Singular or plural verb?• In meaning 1, economics is followed by a singular verb: · Economics is often studied with politics.• In meaning 2, economics is followed by a plural verb: · The economics do not add up.
EXAMPLES FROM OTHER DICTIONARIES
- He knows very little about economics or international finance.
- He studied economics at Harvard University.
- Keynes's theories have had an important influence on modern economics.
- The economics of building new subway lines are being studied.
- A knowledge of development economics and the challenges faced by a small, developing country would be an advantage.
- He received a master's degree in agricultural economics and a doctorate in economics and marketing from Cornell University.
- However, at present, the economics of using solar-produced electricity to produce hydrogen from water by electrolysis are poor.
- In economics, its use is a blend of two ideas, abstraction and pure problem-solving.
- Mr Coase asked if this analysis was good economics, and showed that it was not.
- Once a week the boys went to shop and the girls to home economics.
- The reader will soon discover that I think very little of certain of the central ideas of economics.
- Whereas the endangered species listing is determined solely upon scientific data, economics play a role in deciding critical habitat.
Longman Language Activatorrelating to money and the way it is used
connected with money - use this about the way that people and organizations use and control their money: · Wall Street is the financial center of the US.· There is a possibility of a full-scale financial crisis, like the great crash of 1929.· Many libraries have found that their financial resources are stretched to the limit.· The accounts show that the school's financial position is very healthy.financial support/backing/assistance etc: · He failed to get financial support from his employers.· The amount of financial aid offered has become more central to students' decisions about which school to attend.financial dealings/transactions: · Revelations about his financial dealings could change his election prospects dramatically.· He developed computer software to handle complicated financial transactions.financial difficulties/problems: · Joan has a lot of financial problems at the moment.· Mexico's financial difficulties increased rather than diminished.financial year British (=the 12-month period used by companies to calculate their accounts): · Norton have announced profits of £3.5 million for the financial year 2000-01.
all the activities that are related to how a company or country uses or organizes its money: · He was an expert in finance and advised people where to invest their money.· The use of IT in areas such as accounting and finance has grown at an astonishing rate.· She works as a director of finance for an oil company.finance minister/officer etc: · Kubo is slated to become Japan's next finance minister.high finance (=financial activities involving countries or big companies -- used especially to show that you do not know very much about those activities): · The other guys in the office were ten to fifteen years my senior, and old hands in high finance.
relating to or involving money, especially the money that is available to the government of a country, and how it decides to spend it: · There's only one conclusion to make about this data on monetary growth.monetary policy/control etc: · The IMF should not dictate how Mexico should run its monetary policies.· a plan to introduce monetary reform· Some economists question the effectiveness of monetary control as a means of regulating the economy.· European monetary union
formal connected with money, taxes, debts, etc that are owned and managed by the government: · Perez stated that the current fiscal crisis was the result of the collapse of the oil industry.· It was thought that skillful monetary and fiscal intervention could rescue the economy.fiscal policy: · The Council of Finances determined fiscal policy within the region.fiscal deficit: · Columbia's fiscal deficit could soar to 1.6 percent of GDP.fiscal year especially American (=the 12-month period used by companies to calculate their accounts): · Over the past fiscal year, the school has received $250 million in federal dollars for 1,600 projects.
connected with the way money is earned, spent, and controlled within a country or society: · The tax breaks will stimulate economic activity.· Florida will benefit from a number of economic trends that play to its strengths.economic climate (=general state of the economy): · In this kind of economic climate, employees prefer a lower salary in a job that is secure.economic crisis: · Cuba is emerging from five years of economic crisis.· Investors took their money elsewhere, prompting a far-reaching economic crisis.economic growth/development etc: · Slow economic growth and low consumer spending affected sales last year.· a wide variety of economic development strategieseconomic recovery: · Investors are holding out from Mexican stocks until they see clear signs of an economic recovery.economic sanctions (=official laws that stop trade with another country, for political reasons): · The US has maintained tough economic sanctions on Cuba.economic summit (=an important meeting for the leaders of countries to discuss the world's economy): · World leaders gathered in the Miyako Hotel to map out the agenda for next month's economic summit.
the study of how money is earned, spent, and controlled within a country or society: · He studied economics at Harvard University.· He knows very little about economics or international finance.· Keynes's theories have had an important influence on modern economics.
WORD SETSadmin, nounadministration, nounadministrative, adjectiveadministrator, nounagency, nounagent, nounbalance sheet, nounbazaar, nounbid, nounbid, verbbig business, nounbook value, nounboss, nounbottom line, nounbranch, nouncapacity, nouncapital, nouncapital assets, nouncapital gains, nouncapital goods, nouncapital-intensive, adjectivecapitalist, nouncard, nouncentralize, verbcompetitiveness, nounconsultancy, nouncontract, nouncontract, verbcost-effective, adjectivecoupon, nouncritical path, noundecentralize, verbdeveloper, noundistiller, noundistributor, noundiversify, verbdownsize, verbeconomics, nounenterprise, nounentrepreneur, nounestablishment, nounfashion, nounfly-by-night, adjectivefold, verbfoodstuff, nounform letter, nounfranchise, verbfranchisee, noungazump, verbgearing, noungeneric, adjectiveget, verbhard sell, nounhaute couture, nounhigh season, nounhigh technology, nounhike, nounhike, verbloss, nounlow-tech, adjectivemaximize, verbMD, nounmerchandise, verbmerchandising, nounmerger, nounmiddleman, nounmiller, nounmission statement, nounmom-and-pop, adjectivemoneygrabbing, adjectivemoneymaker, noun-monger, suffixmonopolistic, adjectivemonopoly, nounnet, adjectivenet, verbniche, nounoff-the-peg, adjectiveopening time, nounoperation, nounoperational, adjectiveoperator, nounoption, nounoutlay, nounoutlet, nounoutput, nounoutwork, nounoverhead, nounoverstock, verbpackage, nounpartner, nounpartnership, nounpatent, nounpayola, nounpercentage, nounpiracy, nounpremium, nounprivate practice, nounprivatization, nounprivatize, verbprofitability, nounproprietor, nounproprietress, nounpurchase price, nounpurchasing power, nounquiet, adjectiveR & D, nounrate of return, nounrecall, verbreject, nounrep, nounresearch and development, nounrestrictive practices, nounrevenue, nounsell, verbservice industry, nounsleeping partner, nounspeculate, verbspeculation, nounspeculative, adjectivestreet value, nounsubtotal, nounswap meet, nounsweatshop, nounsyndicate, nounsystems analyst, nountake, nountender, nountie-up, nounTM, transact, verbtransaction, nounturnover, nounundersell, verbuneconomic, adjectiveunit, noununprofitable, adjectivevideo conferencing, nounwatchdog, nounwheeler-dealer, nounwheeling and dealing, noun
COLLOCATIONS FROM THE ENTRY She’s been named the professor of English.COLLOCATIONS FROM THE CORPUSADJECTIVE
· Economics is often studied with politics.
· The economics do not add up.
COLLOCATIONS FROM OTHER ENTRIES· Home economics is my favourite subject.
She’s been named the professor of English.· Not so in new classical economics.
· Science policy and science studies; Industrial economics.· We want to see such wastes dealt with to the highest possible standards in ways that are consistent with industrial economics.· Marketing, sales and distribution; Industrial economics.· Thinking he would like to work in business, he studied industrial economics at Nottingham University, where he gained a 2.1.· Technology and innovation; Industrial economics.
· It is the structural nature of centre-periphery relations that explains the nature of international politics and economics.
· The Labour government was elected at a time when Keynesian economics was moving towards being accepted as economic orthodoxy.· The Labour Ministers were educated in the language and concepts of Keynesian economics by the academic economists in the government.· His views on the kind of action which would be needed changed as he was educated in Keynesian economics after 1942.· The economists Clower and Leijonhufvud have argued that a distinction needs to be drawn between Keynesian economics and the economics of Keynes.· It made the rough and ready assumption that the underlying cure of unemployment would be provided by Keynesian economics.· However critics of Keynesian economics consider that labour markets would clear if government and institutional impediments to greater flexibility were removed.· The result was a triumph for Keynesian economics: a vigorous and expanding universe, filled with material objects.
· Business and labour history; Labour economics.
· Second, Marxism is a challenge to the liberal view of economics.· This marked a break with liberal economics and its traditional competitive model.· Against this powerful combination of socialism and nationalism, liberal economics stood little chance.· Perhaps it is time we had a choice between parties which agree that liberal free-market economics are here to stay.· In the eyes of many, especially Washington, he succeeded, with a free press, elections and liberal economics.
· Formalizing Adam Smith's remarkable insight of the Invisible Hand, this result is the foundation of modern welfare economics.
· I can promise you that. Simple economics - I can't afford to leave it lying idle.· To a certain degree, the rush to get on line boils down to simple economics.
NOUN· Business and labour history; Business economics.· Science policy and science studies; Business economics.
· The economics department at Ripon Grammar School have set up a small business producing items connected with the history of the city.· Mr Bolona, the new finance minister, is a former head of the institute's economics department.· Wells Fargo declined to comment on how much it might save by eliminating the economics department.
· Now Fuchs is a particularly good advertisement for health economics, precisely because he is no genius.· Evaluation of the cost effectiveness of drug treatment is in its infancy, and health economics can inform the debate.
· The workshop and home economics area were also impressive, and the school had three computers.· They had their civics and home economics.· Plans exist to extend the list of short courses to business studies, geography, history, media studies and home economics.· I am wearing a full circle-cut cotton skirt, my first, which I have made in home economics class.· Once a week the boys went to shop and the girls to home economics.· As recently as the 1970s, home economics classes taught students to plan menus incorporating food from each group every day.
· We are by nature the Party of free enterprise and market economics.· You would have expected a convert to free market economics to have been equally scathing of both public service corporations.· In some industries and markets, it is still a major factor in market economics.· Amen to that. Market economics is about efficiency, not morality.· As far back as the Middle Ages, price promotion was used as a way to develop market economics.· The anti-institutional approach of market economics is, moreover, very narrowly conceived.· At this point the similarity between market economics and Keynesianism becomes apparent.
· His economics minister is talking of currency union between the two Germanies by July.· Embassy officials have said that Makharadze, an economics minister, had diplomatic immunity.· Their partners, the Free Democrats, have lost their economics minister.· Monetarist ideas had considerable influence among economics ministers.
· Until recently, Dole was openly contemptuous of the supply side economics espoused by Kemp and other conservatives.
· Every novice student learns the elementary propositions of welfare economics.· Two themes recur throughout our discussion of welfare economics in Part 3.· In Chapter 8, where welfare economics was introduced, we stated a very important condition for an increase in economic welfare.· Summary 1 Welfare economics deals with normative issues or value judgements.· The theory challenges the assumption of orthodox welfare economics that the existence of market failure is sufficient reason for governmental intervention.· Formalizing Adam Smith's remarkable insight of the Invisible Hand, this result is the foundation of modern welfare economics.· In welfare economics we are taught that to internalize externalities by appropriate contracts is socially desirable.
VERB· Theoretical approaches based on neo-classical economics certainly agree that inequalities may develop between regions within a country.
· Marxism, my friend, has studied economics and the social classes.· Thinking he would like to work in business, he studied industrial economics at Nottingham University, where he gained a 2.1.· He spent his vacation last year studying economics at Harvard, according to his sister Tamara, who visited him in Washington.· Charman had moved to Leeds from his home town of Brighton to study economics and sociology at the university.· And the more people studied economics, the more an economics degree became a requirement for a job on Wall Street.· I studied politics, economics, like my Pop.· For example, you may not be allowed to study, say, economics unless you also take statistics or computing.
· I was teaching economics and watching people die on the streets when I began doubting what I had learned from the textbooks.· Smith never taught a course in economics; in fact, Smith never even took a course in economics.· Among the famous professors in the program were Rexford Tugwell, who was teaching economics.· The principal directed her to stop discussing school politics, to teach economics, and to use more conventional teaching methods.
· Nobel Prize-winning economist Milton Friedman once lamented that since everyone handles money, there are many know-nothings who think they understand economics.· Does she have the minimum technical and business skills needed to understand the economics of solution selling?
WORD FAMILYnouneconomicseconomisteconomyadjectiveeconomiceconomical ≠ uneconomic(al)economyverbeconomizeadverbeconomically ≠ uneconomically
1[uncountable] the study of the way in which money and goods are produced and used: a Harvard professor of economics2[plural] the way in which money influences whether a plan, business etc will work effectively: the economics of the scheme → home economicsGRAMMAR: Singular or plural verb?• In meaning 1, economics is followed by a singular verb: · Economics is often studied with politics.• In meaning 2, economics is followed by a plural verb: · The economics do not add up.