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.
Tag: University
The Technique of Scientific Writing in Economics
Since I started training individual students from several economic faculties in German Universities about the technique of scientific writing, they
The Economic Concept of Opportunity Costs
The economic concept of opportunity costs is the most fundamental issue of economics as a social science. It explains the
What is Economics?
What is Economics, and how can students define economics as a science? Therefore, our motivation in this article is to