Social order, a dynamic, complex system enabled by various societal processes, encompasses diverse dimensions such as economic, social, political, and technological aspects. This article discusses the economic order, and elucidates the definitions of social and economic orders from an economist’s perspective. It also examines the relationship between societal subsystems, individual interactions, and social order. Furthermore, digital and government orders are explored, including their potential drawbacks, within the context of resource allocation, market failure, and social welfare.
Econometrics is part of the economic as a science, which deals with the statistical (empirical) modelling of economic theories (hypotheses) in order to explain, confirm or disprove economic theory empirically.
Since I started training individual students from several economic faculties in German Universities about the technique of scientific writing, they asked me where they could find some inspiration to get an appropriate topic for their Bachelor and Master thesis. Depending on the regulations of your university, the supervising professor or