Economics as an Applied Science

1. Economics as an
Applied Science
Topic 2- Applied Economics 12

3. Economics?
What is

4. Applied Economics
Applied Economics
• applying general principles to solve
definite problems.
• is the study of social behavior guiding
in the allocation of scarce resources to
meet the unlimited needs and desires
of the individual members of a given
society.
The study of economics in relation to real world
situation.