The Synthesis of "Coase theorem"

Discover Law and Economics, the field applying economic theory to analyze legal rules and predict their effects on efficiency and human behavior.

Discover Classical Economics, the theory promoting free markets and limited government intervention. Learn its core principles and modern relevance.

Explore Public Choice Theory, the economic study of political decisions. Learn how self-interest drives politicians, bureaucrats, and voters.

Discover Neoclassical Economics, the theory viewing the economy through rational actors, supply and demand, and market efficiency. Learn its core ideas.

Discover Game Theory, the science of strategic decision-making, and its growing impact on finance, investing, and business strategy.

Discover Rational Choice Theory, the principle that assumes individuals make logical decisions to maximize their self-interest and utility.

Discover what information asymmetry is, a key economic concept where one party in a transaction has more or better information than the other.

Discover comparative advantage, the principle where specializing in production at a lower opportunity cost boosts global trade and efficiency.

Explore the Heckscher-Ohlin model, an economic theory explaining global trade patterns based on a country's labor, capital, and resource endowments.

Discover the Ricardian model, an economic theory explaining how countries benefit from trade by specializing in what they do best, or their 'comparative advantage'.