Concept Taxonomy¶
This document defines the categorical taxonomy for organizing the 206 economics concepts into logical groups for visualization and navigation.
Taxonomy Categories¶
| TaxonomyID | Category Name | Description |
|---|---|---|
| FOUND | Foundation Concepts | Core economic principles and fundamentals that underpin all other concepts |
| MICRO | Microeconomics | Individual markets, supply and demand, consumer and producer behavior |
| MKSTR | Market Structures | Types of markets, competition, monopoly, and market power |
| PUBEC | Public Economics | Government role, market failures, externalities, public goods |
| MACRO | Macroeconomics | Economy-wide measures, GDP, unemployment, inflation, business cycles |
| MONEY | Money and Banking | Monetary system, banks, Federal Reserve, interest rates |
| POLICY | Economic Policy | Fiscal and monetary policy, government intervention tools |
| INTL | International Trade | Global economics, trade, exchange rates, globalization |
| PFIN | Personal Finance | Budgeting, saving, credit, debt management |
| INVEST | Investment | Stocks, bonds, portfolios, risk and return |
| DIGITAL | Digital Economy | Network effects, platforms, tech economics, cryptocurrency |
| THINK | Critical Thinking | Data analysis, misinformation, economic reasoning |
| CAPSTONE | Capstone Projects | Team projects, presentations, AI tools |
Category Descriptions¶
FOUND - Foundation Concepts¶
Core building blocks of economic thinking including scarcity, opportunity cost, trade-offs, marginal analysis, and economic systems. These concepts are prerequisites for understanding all other areas of economics.
MICRO - Microeconomics¶
The study of individual economic agents and markets. Includes demand and supply analysis, elasticity, consumer choice theory, and production theory.
MKSTR - Market Structures¶
Different forms of market organization from perfect competition to monopoly. Includes barriers to entry, market power, and profit maximization strategies.
PUBEC - Public Economics¶
Government's role in the economy, market failures, externalities, public goods, and policies to correct market inefficiencies.
MACRO - Macroeconomics¶
Economy-wide analysis including national output (GDP), unemployment, inflation, and business cycles. Focuses on aggregate economic behavior.
MONEY - Money and Banking¶
The monetary system, functions of money, banking operations, the Federal Reserve, and how monetary policy affects interest rates and money supply.
POLICY - Economic Policy¶
Tools governments use to influence the economy, including fiscal policy (spending and taxation) and monetary policy (interest rates and money supply).
INTL - International Trade¶
Global economic relationships including trade theory, comparative advantage, tariffs, exchange rates, and globalization.
PFIN - Personal Finance¶
Practical financial skills for individuals including budgeting, saving, credit management, and debt strategies.
INVEST - Investment¶
Financial markets and investment strategies including stocks, bonds, mutual funds, diversification, and retirement planning.
DIGITAL - Digital Economy¶
Economics of the digital age including network effects, platform businesses, attention economy, and cryptocurrency.
THINK - Critical Thinking¶
Skills for evaluating economic claims, interpreting data, identifying misinformation, and applying systems thinking.
CAPSTONE - Capstone Projects¶
Final project skills including teamwork, project selection, research integration, presentations, and AI tool usage.
Expected Distribution¶
| TaxonomyID | Expected Count | Percentage |
|---|---|---|
| FOUND | 18 | 8.7% |
| MICRO | 27 | 13.1% |
| MKSTR | 20 | 9.7% |
| PUBEC | 12 | 5.8% |
| MACRO | 20 | 9.7% |
| MONEY | 13 | 6.3% |
| POLICY | 17 | 8.3% |
| INTL | 13 | 6.3% |
| PFIN | 17 | 8.3% |
| INVEST | 10 | 4.9% |
| DIGITAL | 13 | 6.3% |
| THINK | 5 | 2.4% |
| CAPSTONE | 6 | 2.9% |
| Total | 206 | 100% |
No single category exceeds 15% of total concepts, ensuring balanced coverage.