What is the study of how people manage resources called?

The study of how people manage resources is called Economics. This field encompasses the analysis of how individuals and societies make decisions about the allocation of scarce resources, such as time, money, and materials. Economics examines various mechanisms by which people and institutions distribute resources to meet their needs and wants.

Microeconomics is a branch of economics that focuses specifically on individual agents and markets, looking at how households and businesses make decisions to allocate resources. While it is an important aspect of economics, it does not encompass the entire study of resource management on a broader scale.

Macroeconomics, on the other hand, deals with the economy as a whole, including national productivity, total output, inflation, and overall economic growth. It covers larger aggregates and the overall functioning of an economy, rather than individual resource management decisions.

Behavioral Economics incorporates psychological insights into economic theory to explain why individuals might deviate from rational decision-making regarding resource management. While it provides valuable insights into economic behavior, it is considered a subset of the broader field of economics.

Thus, the most comprehensive and appropriate term for the study of how people manage resources is simply Economics.