The study of "economy with limited resources"

Hundralappar nedstoppade i en ficka
Ian Milburn
Ett tåg passerar i en järnvägsövergång i hög hastighet.
At Liu we conduct research in diverse areas of economics. Transportation is one area of research.  Thor Balkhed

Human existence is often characterized by the times, and we don’t have sufficient money for everything we would like to do. Economics tends to be described as the study of “economy with limited resources”. 

Economics looks into the approaches chosen by individuals, families, organisations and nations, in order to pursue various objectives using their resources, and what the consequences are.

At LiU we conduct research in diverse areas of economics. The socioeconomic effects of closing down shops in rural areas, the emergence of family-owned companies, and whether married people’s incomes are affected by their partners, are just a few examples of research areas. 

Traditionally, the subject of economics is divided into two perspectives: macroeconomics and microeconomics. Under macroeconomics, we study how the economy as a whole functions and develops, and look at terms such as unemployment, inflation, interest, growth, and how these phenomena occur. Under microeconomics, we study individual actors' conditions and behaviours and how they collaborate on different markets. 

What distinguishes research into economics at Linköping University is our focus on behavioural economics, neuroeconomics, institutional economics, environmental economics and transport economics.



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