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Thinking like an economist

Thinking like an economist

Flow diagram showing a real-world issue leading to assumptions, economic model, ceteris paribus analysis, prediction, evidence and refinement

Economic methodology is the study of how economists build theories, use models, test claims and judge policy choices. It matters because economics is about scarce resources and choices, so good economists ask how we know something, not just what the theory says.

1.1.1 Economic methodology Lesson

  1. A Level
  2. /Economics
  3. /1.1.1 Economic methodology