1) The study of economics comes about because of Scarcity.
2) It is mainly based on assumptions, and what we study usually don't apply in real life.
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explain in details the relationships between economics facts, theory and policy.
Theoretical economics is the processes of deriving theories & laws from facts. From: Muhammad Nouman Akbar.
The most important econims in Wyoming are also mining and of course touroms
Government courses tend to be more memorization of facts than anything else, while economics can include math and graphs. Since economics requires more critical thinking and mathematics, it would probably be better to take a government course online, and an economics course in person.
Both the degree have their own scope. If we talk about facts and figures than BBA have a slightly upper edge.
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
Descriptive Economics, or Positive Economics, is the branch of economic inquiry that analyzes and explains economic phenomena as they are, without making any statements about how they ought-to be. (this according to the Economy Professor website)
Frank Livesey has written: 'A textbook of core economics' -- subject(s): Economics 'Stage 1 economics' -- subject(s): Economics 'Dictionary of Economics' 'Economics' -- subject(s): Economics, Marketing, Problems, exercises 'A modern approach to economics' -- subject(s): Economics 'Economics (A.C.C.A.)' 'Economics for business decisions' -- subject(s): Managerial economics 'Economics (Marketing)' 'A textbook of economics' -- subject(s): Economics 'Objective tests in A Level economics' -- subject(s): Economics, Examinations, questions, Problems, exercises
Social sciences involve the study of human society and social relationships, exploring aspects such as behavior, culture, economics, and politics. These disciplines include fields like sociology, psychology, anthropology, and economics. Social scientists use research methods to understand patterns and dynamics within societies, aiming to provide insights into human behavior and societal issues.
what is difference between msc economics and ma economics