A list of major theories that explain and analyze economic phenomena.
Overview
Economic Theories
Economic theories are frameworks that systematically explain the economic behavior of individuals, corporations, and governments, as well as market mechanisms and overall economic trends. Beginning with classical economics, they have evolved over time through Keynesian economics, neoclassical economics, monetarism, supply-side economics, and more. These theories form the foundation of modern economic policy and business strategy.
economics
economic theory
microeconomics
macroeconomics
Keynesian
neoclassical
monetarism
| code | slug | name | description | field |
|---|---|---|---|---|
| 01 | supply-demand-theory | Supply and Demand Theory | The fundamental microeconomic theory explaining the price and quantity determination mechanism in markets. | Microeconomics |
| 02 | classical-economics | Classical Economics | An economic school formed from the late 18th to 19th century that emphasizes the market's automatic adjustment function. | History of Economic Thought |
| 03 | keynesian-economics | Keynesian Economics | A macroeconomic theory advocating that recessions caused by insufficient effective demand should be addressed through government fiscal policy. | Macroeconomics |
| 04 | neoclassical-economics | Neoclassical Economics | An economic school that emphasizes rational economic agents and market equilibrium, conducting analysis based on microeconomic foundations. | Micro and Macroeconomics |
| 05 | monetarism | Monetarism | A theory stating that money supply has a decisive impact on the economy and prices, represented by Milton Friedman. | Macroeconomics |
| 06 | supply-side-economics | Supply-Side Economics | An economic theory that emphasizes strengthening supply capacity over stimulating demand, advocating tax cuts and deregulation. | Macroeconomics |
| 07 | comparative-advantage | Theory of Comparative Advantage | A theory stating that even countries at an absolute disadvantage can gain from trade by producing and exporting goods in which they have a comparative advantage. | International Economics |
| 08 | innovation-theory | Innovation Theory | Schumpeter's theory that technological innovation is the driving force behind business cycles and economic growth. | Economic Development |
| 09 | solow-growth-model | Solow Growth Model | A neoclassical growth model where technological progress, capital accumulation, and population growth determine economic growth. | Economic Growth |
| 10 | endogenous-growth-theory | Endogenous Growth Theory | A growth theory developed in the 1980s that endogenously explains technological progress within the economic system. | Economic Growth |