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:

    My paternal grandmother would not light a fire on the Sabbath and piled all Sunday’s washing-up in a bucket, to be dealt with on Monday morning, because the Sabbath was a day of rest—a practice that made my paternal grandfather, the village atheist, as mad as fire. Nevertheless, he willed five quid to the minister, just to be on the safe side.
    Angela Carter (1940–1992)

    By practice and conviction formed,
    With ancient stubbornness ingrained,
    Although her body clung and swarmed,
    My own identity remained.
    Yvor Winters (1900–1968)

    If you leave your work for one day, you’ll be out of practice for three.
    Chinese proverb.