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Economics as a social science

Economics as a social science

Flow diagram showing observation, assumptions, a simplified model, a testable prediction and comparison with real-world data, with revision after conflicting evidence and ceteris paribus applied during modelling

Economics is a social science because it studies how people and societies choose to use scarce resources. Economists observe behaviour, construct theories and compare their predictions with evidence.

1.1.1 Economic methodology Lesson

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

Step-by-step lessons on AQA A Level Economics 1.1.1 Economic methodology. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.

Lessons