Science, Tech, Math › Social Sciences What Are the Various Subfields of Economics? Share Flipboard Email Print Image Source / Getty Images Social Sciences Economics U.S. Economy Employment Supply & Demand Psychology Sociology Archaeology Environment Ergonomics Maritime By Mike Moffatt Professor of Business, Economics, and Public Policy Ph.D., Business Administration, Richard Ivey School of Business M.A., Economics, University of Rochester B.A., Economics and Political Science, University of Western Ontario Mike Moffatt, Ph.D., is an economist and professor. He teaches at the Richard Ivey School of Business and serves as a research fellow at the Lawrence National Centre for Policy and Management. our editorial process Mike Moffatt Updated May 24, 2019 At the most basic level, the field of economics is divided into microeconomics, or the study of individual markets, and macroeconomics, or the study of the economy as a whole. At a more granular level, however, economics has many subfields, depending on how finely you wish to divide the science. A useful classification system is provided by The Journal of Economic Literature. Subsets of Economics Here are some of the subfields that the JEL identifies: Mathematical and Quantitative MethodsEconometricsGame Theory and Bargaining TheoryExperimental EconomicsMicroeconomicsMacroeconomics and Monetary EconomicsThe Business CycleMoney and Interest RatesInternational Economics and International TradeFinance and Financial EconomicsPublic Economics, Taxation, and Government SpendingHealth, Education, and WelfareLabor and Demographic EconomicsLaw and EconomicsIndustrial OrganizationBusiness Administration and Business Economics; Marketing; AccountingEconomic HistoryEconomic Development, Technological Change, and GrowthEconomic SystemsAgricultural and Natural Resource EconomicsUrban, Rural, and Regional Economics In addition, there are a number of fields within economics that didn't significantly exist when the JEL classification was developed, such as behavioral economics, organizational economics, market design, social choice theory, and a number of others.