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)

    “Certainly, young children can begin to practice making letters and numbers and solving problems, but this should be done without workbooks. Young children need to learn initiative, autonomy, industry, and competence before they learn that answers can be right or wrong.”
    —David Elkind (20th century)

    “Like the British Constitution, she owes her success in practice to her inconsistencies in principle.”
    —Thomas Hardy (1840–1928)