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March 29, 2015

Homework Help: economics

Posted by tracey on Tuesday, May 15, 2007 at 9:05pm.

How do an economist as a scientist and an economist as a policy advisor help to create understanding of economics?

As a scientists, we conduct experiments and do research following the scientific method. (e.g., we observe a phenomena, form a hypothesis, gather data, test hypothesis, and then accept, modify, or reject the hypothesis).
As a policy advisor we teach/describe/explain how economies or economic forces work and what one can expect.

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