Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.

Economics as it is taught today makes for a very odd social science. In political science, international relations and sociology one studies many different schools of thought. Economics is unique ...

The Austrian school of economics is a school of economic thought that emphasizes the importance of individual human action and free markets in economic decision-making. It has its origins in late 19th ...

For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics—from Milton Friedman’s ideas on monetary policy and Gary Becker’s theory of human capital to ...