Yekaterinburg, Russia

Behavioral Economy

Language: English Studies in English
Subject area: economy and administration
University website: urfu.ru/en/
3 years
Economy
An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents. Understood in its broadest sense, 'The economy is defined as a social domain that emphasizes the practices, discourses, and material expressions associated with the production, use, and management of resources'. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. However, monetary transactions only account for a small part of the economic domain.
Scarcity of fresh water is of growing concern in the Mediterranean area due to urbanisation, irrigation and changing rainfall patterns. The influx of millions of Sun-seeking tourists puts even more pressure on limited water resources during the summer season.
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