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Applied Economics

What is Applied Economics?
Applied economics is a condition that refers to the application of economic theory and analysis. it is typically characterized by the application of economic theory and econometrics to address practical issues in a range of fields including labour economics, development economics, health economics, monetary economics, public economics and economic history.

Contributions which make use of the methods of mathematics, statistics and operations research will be welcomed, provided the conclusions are factual and properly explained. Applied Economics has a long history going back to the writing of Say and Mill. Say wrote about “applying” the “general principles of political economy” to “ascertain the rule of action of any combination of circumstances presented to us.” The full title of Mill’s (1848) work is Principles of Political Economy with Some of Their Applications to Social Philosophy.

Applied Economics is a journal that interprets its subject area as “the application of economic analysis to specific problems in both the public and private sectors” and seeks to publish “quantitative studies, the results of which are of use in the practical field” and thus may help “bring economic theory nearer to reality”; Applied Economics is a leading peer-reviewed journal in economics and its practical applications.

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2012 Answer if you can..