Summary of Economics

Summary of  Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".


Summary of Project: Development and Training Services, Inc. (dTS) is hiring a short-term, senior-level Economic Growth specialist to write case studies for USAID trainings. The overarching goal of the Economic Growth Training (EGT) project is to improve the skills and knowledge of project participants in the principal components of economic growth, while promoting knowledge sharing, distance learning and dissemination of best practices and lessons learned. The project team works closely with USAID to develop new and update existing course curricula and teaching materials, design distance learning modules, and establish on-line Economic Growth (EG) certification courses.

Summary of Job: The selected candidate will work with colleagues on the EGT project to develop case studies for use in the EG Overview course. The candidate should have at least 15 years of experience implementing international EG programs funded by USAID, be knowledgeable of the EG Officer role at USAID, have experience with case study design, possess broad-based knowledge of EG activities, and be familiar with adult learning methodologies.

Roles and Responsibilities

• Strengthen the entire EG Overview course case study activity and ensure that it is integrated into the pre-course, course, and post-course activities
• Review and streamline case study materials, including activity instructions
• Review and design case study content and supplemental materials
• Develop case study activity template and user tools
• Test case study activities before course implementation and make necessary adjustments

Qualifications and Education Requirement

• Master’s degree in Economics, Business Administration, or related development field with a minimum of 15 years implementing international Economic Growth programs
• Previous USAID experience
• Experience with case study design and application as a learning methodology
• Broad-based knowledge of Economic Growth activities
• Familiar with adult learning methodologies

Political economy was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" that also avoided a narrow political-interest connotation and as similar in form to "mathematics", "ethics"
A focus of the subject is how economic agents behave or interact and how economies work. Consistent with this, a primary textbook distinction is between microeconomics and macroeconomics. Microeconomics examines the behavior of basic elements in the economy, including individual agents (such as households and firms or as buyers and sellers) and markets, and their interactions. Macroeconomics analyzes the entire economy and issues affecting it, including unemployment, inflation, economic growth, and monetary and fiscal policy.
Other broad distinctions include those between positive economics (describing "what is") and normative economics (advocating "what ought to be"); between economic theory and applied economics; between rational and behavioral economics; and between mainstream economics (more "orthodox" and dealing with the "rationality-individualism-equilibrium nexus") and heterodox economics (more "radical" and dealing with the "institutions-history-social structure nexus").
Economic analysis may be applied throughout society, as in business, finance, health care, and government, but also to such diverse subjects as crime, education, the family, law, politics, religion,social institutions, war, and science.At the turn of the 21st century, the expanding domain of economics in the social sciences has been described as economic imperialism.An increasing number of economists have called for increased emphasis on environmental sustainability; this area of research is known as Ecological economics.