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Yekaterinburg, Russia

Ural Federal University

Knowledge Economics

Language: English Studies in English

Subject area: economy and administration

University website: urfu.ru/en/

3 years

Economics

Economics () is the social science that studies the production, distribution, and consumption of goods and services.

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Knowledge

Knowledge is a familiarity, awareness, or understanding of someone or something, such as facts, information, descriptions, or skills, which is acquired through experience or education by perceiving, discovering, or learning.

Wikipedia

Economics

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).

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Economics

The field of economics is not exempt from the consequences of chaos and complexity. Marketplaces are indeterminate; value is subjective; and outcomes are subject to interpretation. Economic forecasting is just as nebulous, being based on the probability of statistical information that may or may not be accurate.

L.K. Samuels, In Defense of Chaos: The Chaology of Politics, Economics and Human Action, Cobden Press (2013) p. 16.

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Economics

Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.

Joseph Schumpeter, History of Economic Analysis, 1945. p. 27

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Physical sciences, Earth sciences

A brighter future? Anti-ageing treatment for solar panels

Solar power is potentially an almost limitless resource. The sun provides enough energy in one minute to supply the world’s energy needs for one year. But turning this resource into affordable electricity is difficult – silicon-based solar cells still suffer from a decline in their effectiveness over time. Through her ERC-funded SOLARX project, Professor Hele Savin, of Aalto University in Finland, is investigating a possible route to solving this problem.

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