What is the difference between quantitative economics and regular economics?
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$2 Answers
Quantitative Economics is the type of economics which use mathematical and statistical tools for analyzing and studying the economic fundamentals. The various techniques used by Quantitative Economics are regression analysis and correlation analysis. It also studies various theories such as game theory. Quantitative economics has helped in making the study of economics more scientific. This economics also use forecasting methods which are helpful in planning process. This economics also uses cost benefit analysis in order to determine the feasibility of a particular course of action.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
quantitative economics refer to results; sales forecast, demand and supply laws, variables. means tools to measure the values. like
Regression analysis. correlations. it more involves 'Managerial economics course' and 'econometrics'
however regular economics more depend on knowing general definitions of economics, micro and macro economics, theories that are applicable and etc.
thanks
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
