What is the relationship of economics to other

sciences?

Economics is closely related to the other social sciences, particularly politics,

sociology (because some academics argue that economics is in fact a branch
of sociology) and ethics; there are also strong connections with psychology,
as economics is often influenced and affected by human behavior patterns.
Economic thought dates back to ancient Athens with Plato and Aristotle both
describing fledgling economic models in their writings.

Sociology, which is the study of human social behavior, can have a

quantifiable effect on the application of economics in many ways. Stock
market prices, for example, are often influenced much more by the
perceptions of investors and shareholders than by actual hard data.
Understanding what drives human behavior can lead to a better prepared
economic model, and can also mean markets can be tailored around specific
patterns of behavior.

Politics and economics are more visibly connected, thanks to the inseparable
link between the science of state and the health of the economy. Interestingly,
there is much debate about the level of agreement academic economists have
with political economic decisions, due to the often long time scales needed to
effect and alter economic models, which is often at odds with the need for
quick political fixes.
What are social sciences that are related to
economics?

While economics itself is often considered a social science, many of the social
sciences, including anthropology, sociology, political science and history, all
relate to economics and how the economy plays a role in human behavior
throughout different time periods and cultures. Understanding the production
and transfer of goods or money within a society is vital to understanding that
society as a whole. For this reason, economics is closely linked with all social
sciences and the study of human behavior.

Social sciences examine how humans interact within a society. The economy
is a great indicator of how those within a society can and do interact, and for
that reason it is imperative to understand economics if one hopes to engage in
the social sciences. For instance, one cannot study the Great Depression in
the United States or the Great Leap Forward in China without understanding
how it was the economy that drove human behavior in those periods.
Similarly, taking a look into a country's economic stability and transfer of
goods and services give anthropologists insight into that country's culture.

Human behavior and economics are so closely related that one cannot be
studied without the other. Economics itself is a social science, and the study
of economics can be related to all other social sciences.
 Economics as a Social Science
Economics is the study of social behavior guiding in the allocation of scarce
resources to meet the unlimited needs and desires of the individual members of a
given society.

Economics seeks to understand how those individuals interact within the social
structure to address key questions about the production and exchange of goods and
services. First, how are individual needs and desires communicated such that the
correct mix of goods and services become available? Second, how does a society
provide the incentives for these individuals to participate in the production these
goods? Third, how is production organized such that maximum-possible quantities are
made available given existing resources and production technology? Finally, given
that these individuals are at one time involved in the production process and at other
times seeking to acquire the goods that have been produced, how are trading rules and
exchange agreements established?