THE ECONOMIST AS SCIENTIST

Economics Assignment Help Online

THE ECONOMIST AS SCIENTIST Economists try to address their subject with a scientist’s objectivity. They approach the study of the economy in much the same way as a physicist approaches the study of matter and a biologist approaches the study of life They devise theories, collect data, and then analyze these data in an attempt to verify […]

Thinking Like an Economist

Economics Assignment Help Online

Thinking Like an Economist Every field of study has its own language and its own way of thinking. Mathematicians talk about axioms, integrals, and vector spaces. Psychologists talk about ego, id, and cognitive dissonance. Lawyers talk about venue, torts, and promissory estoppel. Economics is no different. Supply, demand, elasticity, comparative advantage, consumer surplus, deadweight loss-these terms are part […]