The study of consumer goods related to faggots. Fagonomics is becoming a larger topic as the number of fags increase and as they flaunt there gayness.
"Jimmy I have an idea to make us rich, I just learned it in my Fagonomics class. Lets go out to San Fransico and sell tight smily face t-shirts to all those professional butt dart players!"
AIDS has had a very profound effect on the fagonomics of bath houses in the United States.