applied economics

Applied Economics

The study of observing how economic theory works in practice. Applied economics may be practiced at the macroeconomic or microeconomic levels. For example, one may conduct a study examining the performance of a government regulation in a national economy. This would involve gathering data from real businesses and/or individuals, as opposed to constructing a model on how such regulation should work. The term originated in the early 20th century.

applied economics

the application of economic analysis to real world economic situations. Applied economics seeks to employ the predictions emanating from ECONOMIC THEORY in offering advice on the formulation of ECONOMIC POLICY. See ECONOMIC MODELS, HYPOTHESIS, HYPOTHESIS TESTING.

单词	applied economics
释义	DictionarySeeeconomics applied economics Applied Economics The study of observing how economic theory works in practice. Applied economics may be practiced at the macroeconomic or microeconomic levels. For example, one may conduct a study examining the performance of a government regulation in a national economy. This would involve gathering data from real businesses and/or individuals, as opposed to constructing a model on how such regulation should work. The term originated in the early 20th century. applied economics the application of economic analysis to real world economic situations. Applied economics seeks to employ the predictions emanating from ECONOMIC THEORY in offering advice on the formulation of ECONOMIC POLICY. See ECONOMIC MODELS, HYPOTHESIS, HYPOTHESIS TESTING.
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