Increased computing capacity and flexibility have stimulated and shaped the development of modern economics by permitting formal theory to be applied to large databases. The result has been the growth of econometrics and a much wider range of economic analyses, including interindustry analysis, regional economics, public finance and governmental decisionmaking, the development of macroeconomic models for large-scale economic forecasts and simulations, and analysis of economic aspects of public policy issues, especially those pertaining to education, health, and poverty. Despite the dramatic growth in the use of computers in economic analyses, some major economic problems unamenable to computational methods will remain unresolved - e.g., "fine-tuning" of price stability, employment, and production growth. Other problems, relating especially to methodological issues in economics, have been aggravated by the more extensive application of computers. None of these problems is new, however, nor attributable to computer use in itself.
importance of statistics in field of economics
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
What led to the emergency of managerial economics as a separate field of study
the contribution of macroeconomics to microeconomics
state and mention one field of diciplane related to economics
importance of statistics in field of economics
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
There are many reasons why statistics in are in important in a field of computer science. These statistics help improve computers.
What led to the emergency of managerial economics as a separate field of study
is it worth by taking commerce accountancy economics and computer science
the contribution of macroeconomics to microeconomics
Hello, I just want to know the information about the "latest invention in the field of computer technology" for my homework. Please help me Regards Suramya
state and mention one field of diciplane related to economics
Net exports.
Token economics in the field of psychology refers to a system where individuals are rewarded with tokens for desirable behaviors or achievements, which can then be exchanged for rewards or privileges. This system is often used in behavior modification programs to reinforce positive behavior and encourage desired outcomes.
isn't it is the consumption. production,
Adam Smith was an economic philosopher who contributed to the field of economics by outlining his theory in the book, "An Inquiry into the Nature and Causes of the Wealth of Nations." David Hume was another economic philosopher who contributed to the field of economics by contributing to the understanding of economic anthropology.