+**Modern Economics** emerged in the 20th century, employing [Mathematical Models](/wiki/Mathematical_Models) and empirical data to analyze resource allocation and human choice. It seeks to understand [Scarcity](/wiki/Scarcity) and optimize outcomes, shaping global markets and policy decisions.
+## See also
+- [Microeconomics](/wiki/Microeconomics)
+- [Macroeconomics](/wiki/Macroeconomics)
+- [Behavioral Economics](/wiki/Behavioral_Economics)
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