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Gauging The Impact of Social Economics
An individual's socioeconomic status can significantly impact their educational attainment and financial security.
Studies show that those who come from a lower socioeconomic status were related to having poor cognitive development, language, memory, and socioemotional processing, and consequently poor income and health in adulthood.
The negative impacts are significant to the point that it affects children long-term.
20
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Social Economics
Social Economics is a branch of economics and social sciences that puts focus on studying and analyzing the relationship between social behavior and economics.
It attempts to explain how a particular social group or social class behaves within a so...
27
518 reads
Understanding Social Economics
Different socioeconomic classes have different priorities regarding how they direct their funds. A socioeconomic class are grouped together with similar characteristics like:
- Social and economic standing
- Level of education
- C...
22
70 reads
Two Broad Perspectives of Social Economics
- The first perspective applies the basic theoritical and applied tools of neoclassical microeconomics to areas of human behavior that isn't considered proper;
- The second perspective applies the ideas of other social sciences such as sociology, psychology, and identity group studies....
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Cognitive School of Psychology
- Cognitive psychology studies mental processes, including how people think, perceive, remember, and learn. It is related to other disciplines such as neuroscience, philosophy, and linguistics.
- This branch of psychology emerged during the 1950s as a response to behav...
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