What Is Social Economics?
Social economics is a multidisciplinary field that studies the relationship between economics and society. Most definitions of social economics assume that economic conditions affect social issues and vice versa. Social economics is also known as socioeconomics.
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Social Economic Assumptions
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Social economics studies how changes in the economic or social behavior affect society as a whole. According to the Society for the Advancement of Socio-Economics, social economics assumes that economies are not self-contained, but that they work in conjunction with societal attitudes, beliefs, values and interests.
Social Economic Status
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Economic conditions can affect the level of crime. Examples of socioeconomic issues include the relationship between families living in poverty and crime rates in their neighborhoods, changes in the minimum wage and their effects on regional employment, and the impact of large corporations shutting down business in small areas that depend on them for employment.
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Determining Socioeconomic Status
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Education is one factor in socioeconomic status. To determine socioeconomic status of a family or individual, you must assess personal income, education, community and group associations, residential neighborhoods, careers and networks. Someone's socioeconomic status isn't stationary, but can shift according to the area in which they reside.
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