Branches of economics

Environmental Economics/Welfare Economics

This branch was generated by E.F Schumacher, Arthur Pigou, Garrett Hardin. this gives importance to the environment and includes.
Utilization of information to discover basic connections. Econometrics utilizes measurable techniques, relapse models, and information to predict the result of economic approaches. For instance, Okun’s law recommends a connection between economic development and unemployment.

Behavioral Economics

This branch of economics examines the science behind economic decision making and activity. It examines the limitations of the opinion of individuals and is perfectly rational. The main members are Amos Tversky, Gray Becker, Daniel Kahneman, Richard Thaler.