Neoclassical economics

GPTKB entity

Statements (69)
Predicate Object
gptkbp:instance_of gptkb:government_agency
gptkbp:bfsLayer 4
gptkbp:bfsParent gptkb:Alfred_Marshall
gptkb:Chicago_School_of_Economics
gptkb:Paul_Samuelson
gptkb:Behavioral_Economics
gptkbp:applies_to market analysis
international trade theory
labor economics
consumer behavior analysis
gptkbp:developed_by consumer surplus
the late 19th century
producer surplus
demand curves
equilibrium prices
supply curves
gptkbp:emphasizes rational choice
gptkbp:focuses_on supply and demand
gptkbp:has_impact_on firms act to maximize profit
individuals act to maximize utility
gptkbp:has_influence_on public policy
economic modeling
financial economics
gptkbp:has_programs development economics
health economics
environmental economics
https://www.w3.org/2000/01/rdf-schema#label Neoclassical economics
gptkbp:includes marginalism
gptkbp:is_a_framework_for gptkb:mainstream_economics
macroeconomics
microeconomics
gptkbp:is_analyzed_in resource allocation
consumer preferences
firm behavior
market structures
gptkbp:is_associated_with gptkb:Alfred_Marshall
gptkb:Leon_Walras
gptkb:William_Stanley_Jevons
Pareto efficiency
opportunity cost
the invisible hand
gptkbp:is_characterized_by optimization techniques
market efficiency
equilibrium analysis
gptkbp:is_compared_to gptkb:Keynesian_economics
gptkbp:is_criticized_for overemphasis on rationality
assumption of perfect competition
heterodox economists
neglecting social factors
gptkbp:is_discussed_in gptkb:book
gptkb:academic_journal
economic literature
policy papers
gptkbp:is_influenced_by gptkb:Mathematician
gptkb:battle
statistics
gptkbp:is_often_compared_to gptkb:Economist
post-Keynesian economics
institutional economics
gptkbp:is_often_depicted_as indifference curves
supply and demand curves
production possibility frontiers
gptkbp:is_related_to utility theory
production theory
cost theory
gptkbp:is_used_in welfare economics
price theory
general equilibrium theory
gptkbp:training economics courses