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Leonardo Vera, Universidad Central de Venezuela, Economics Department, Faculty Member. Studies Development Macroeconomics, Post-Keynesian Economics a Central Banking and Macro-financial linkages. Thus, mercantilism held exports should be encouraged by the government and imports discouraged. These might for example include institutional, evolutionary, Georgist, Austrian, feminist, social, post-Keynesian (not to be confused with New Keynesian), ecological, Marxian, socialist and anarchist economics, among others. It is pervaded with an air of mistrust for the rationality of free-market decision making. The process of mixing these schools is referred to as the neoclassical synthesis, and Neo-Keynesian economics may be summarized as "Keynesian in macroeconomics, neoclassical in microeconomics". The demand substitutability of the goods and services will help in defining the product market and it can be access by the ‘hypothetical monopolist’ test or the ‘Ssnip’ test . Economics has two broad branches: microeconomics, where the unit of analysis is the individual agent, such as a household or firm, and macroeconomics, where the unit of analysis is an economy as a whole.
Economics has two broad branches: microeconomics, where the unit of analysis is the individual agent, such as a household or firm, and macroeconomics, where the unit of analysis is an economy as a whole.
