Question

what are the method of studying economics ?​

Answer 1

The usual methods of scientific studies — deduction and induction, are available to the economist. Both methods come from science, viz., Logic. The deductive method involves reasoning from a few fundamental propositions, the truth of which is assumed.

Answer 2

Answer:

The usual methods of scientific studies — deduction and induction, are available to the economist. Both methods come from science, viz., Logic. The deductive method involves reasoning from a few fundamental propositions, the truth of which is assumed.

There are two methods used by economic theory: the hypothetical-deductive method used principally by neoclassical economists, and the historical-deductive method adopted by classical and Keynesian economists.

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