Modern Economics - Practice

Practice

Main articles: Economic methodology, Mathematical economics, and Schools of economics

Contemporary economics uses mathematics. Economists draw on the tools of calculus, linear algebra, statistics, game theory, and computer science. Professional economists are expected to be familiar with these tools, while a minority specialize in econometrics and mathematical methods.

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Famous quotes containing the word practice:

    I am out of practice at living.
    You are as brave as a motorcycle.
    Anne Sexton (1928–1974)

    They never consulted with books, and know and can tell much less than they have done. The things which they practice are said not yet to be known.
    Henry David Thoreau (1817–1862)

    The practice of S/M is the creation of pleasure.... And that’s why S/M is really a subculture. It’s a process of invention. S/M is the use of a strategic relationship as a source of pleasure.
    Michel Foucault (1926–1984)