Tuesday 23 October 2012

What is Economics? - 1


   Economics is the discipline of social science that focuses on “choice”. Such choice includes individuals, organisations, governments, and the society make when they face the situation of scarcity. The decision making process for choice is a trade-off for available alternatives. Individuals make choices that are best for them are viewed as under their self-interest. Choices that are best for the society are regarded to be under social interest.

   經濟學是一門研究選擇的社會科學,包括個人、團體、政府、與社會,在面臨匱乏時如何做出選擇。選擇則是在可取得的選項中做出權衡取捨。個人考量自身利益而做出最為利己的選擇,而做出對社會最有利的選擇則視之為基於社會利益。

   Economics can be mainly categorised to macro-economics and micro-economics. Macro-economics focuses on the overall performance of the national and global economy. Micro-economics aims on the choices that individuals and organisations make, how these choices interact with markets and are influenced by governmental policies. Take the “Economic Power-Up Plan” conducted by the Council for Economic Planning and Development of Taiwan as an instance, 5 policies and 25 concrete practices have been suggested in this plan in order to promote economic development in Taiwan. This plan belongs to the area of macro-economics. The subsequent response made by local business are in the field of micro-economics.

   經濟學可以概分為宏觀經濟學與微觀經濟學。宏觀經濟學著眼於國家與全球整體的經濟績效。微觀經濟學則旨在研究個人和團體的選擇、這些選擇如何與市場互動、以及如何受到政府政策的影響。以行政院經濟建設委員會的「經濟動能推升方案」為例,內容中的5大政策方針及25項具體做法,乃是為了促進台灣經濟,屬於宏觀經濟學的範疇,而本土企業如何做出因應,則為微觀經濟學的領域。


Reference:
行政院經濟建設委員會「經濟動能推升方案」: http://www.cepd.gov.tw/PowerUp/


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