Quantitative Economics
Quantitative Economics is a branch of economics that uses mathematical and statistical methods to analyze economic phenomena. It focuses on quantifying relationships between different economic variables, such as supply and demand, prices, and consumer behavior. By employing models and data analysis, economists can make predictions and inform policy decisions.
This field often involves the use of tools like regression analysis, time series analysis, and econometric modeling. These techniques help economists understand trends, test theories, and evaluate the impact of economic policies. Overall, quantitative economics provides a framework for making data-driven decisions in various economic contexts.