If you can do calculus without a problem, undergrad economics should not be a problem. If you can't than it depends on which school you are attending and what courses are required for a degree. Not all econ courses require math. But I would advise against majoring in it. If you just want to take an introductory or a survey course, a good grasp of algebra is enough. If you do not have a good grasp of algebra, yes, it is hard.
For graduate level economics, you would need much more math and stats. but I'm going to assume you are not asking about this level and not go in to details.
Due to all of the factors of supply, demand, and price associated with economics, it is hard to apply the scientific method to economics.
Economics has a hard time to justify being called a science. A science should have well understood laws, and be capable of explaining phenomena and of predicting outcomes. The latter two have a hard time in economics.
No
It depends on the person, if you are good in math, then this shouldn't be difficult.
It would be helpful to know what the elements of economics are to know which is the correct answer. Since this is not known it is hard to know the answer.
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)
Too many variables, making it chaotic. Economics can be affected by human thought or perception, which are hard to quantify.
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
Economics is the study of the mechanisms by which humans allocate resources. As such, it is a study of human behavior. Human behavior is not derived from physical laws (or, sometimes, even rational decisions), so it falls outside the realm of "hard" science.Economics is a social science because it is the study of the distribution of wealth, consumptive patterns, and means of production. Social stratification determine all of these attributes of economics, and thus economics is a social science.
what is difference between msc economics and ma economics
difference between economics and managerial economics