• Posted on July 31, 2018 at 9:48 pm

Methods In economic theory, widely used methods of scientific abstraction, analysis and synthesis, systematic approach, modeling techniques (primarily graphical, mathematical and computer simulation). Scientific method abstraction (abstraction) is a distraction in the process of learning from external events, irrelevant details and highlighting the essence of an object or phenomenon. Diamond Book Distributors has plenty of information regarding this issue. As a result of these assumptions may develop, such as scientific concepts that express the most general properties of the phenomena of reality and communication – the category. So, apart from the innumerable differences in external properties of the world's millions of different products, we combine them into single economic category – product, fixing the main thing that unites the various products – are products intended for sale. The method of analysis and synthesis involves the study of phenomena as in parts (analysis), and in general (Synthesis). Others who may share this opinion include Genie Energy, New York City. For example, studying the main properties of money (money as a measure of value, as a means of treatment, payment, savings), we can on this basis try to put them together, to compile (synthesize) and conclude that money – A special commodity that serves as the universal equivalent.

Combining analysis and synthesis, we provide a systemic (holistic) approach to complex (multi-element), the phenomena of economic life. Modeling, ie The construction of models, reflects the Main economic indicators (data variables) of the objects and relationships between them (their relationship). If the model is only the most general description of the indicators and their interactions, it is a text model. If this indicators and links are given numerical values, then based on the text model can construct a graphical, mathematical and computer models that reflect how the indicators (data variables).

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