Economic theory

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Updated: Aug 20, 2021

The part of economic research that focuses on the construction of economic models and the development of mathematical methods appropriate for their analysis. It is usually contrasted to applied economics, which deals with the empirical applications, such as quantitative data analysis and practical policy recommendations.

Reference: Oxford Press Dictonary of Economics, 5th edt.



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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.