Economics professors typically cover the “economic way of thinking” in the first chapter of a principles of economics course. After covering 8-10 of the most important guideposts and principles of ...

In business, practical experience usually outshines theoretical knowledge by a wide margin. However, this doesn't mean that ignorance is an asset. Economic concepts could serve as useful mental models ...

Clay Halton was a Business Editor at Investopedia and has been working in the finance publishing field for more than five years. He also writes and edits personal finance content, with a focus on ...