Theoretical Economics

Theoretical Economics Master Degree

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Tel : +8615850513534

E-mail : apply@acasc.cn

  • Application Deadline:2017/06/30
  • Tuition:¥17000.00
  • Application Fee:¥800.00
  • Service Fee:¥350.00
School Information

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How To Apply

Applying through ACASC generally takes a few minutes to complete. It takes 5 steps to complete the application.

1. Click “Apply Now” button at the top of the page.

2. Fill in online application form.

3. Upload required documents.

4. Pay the application fee and the ACASC service fee

5. Click “Submit” button.

Important notice: In order to apply, you need to create an account with ACASC.

Economics is concerned with the allocation of scarce resources. This general definition can be applied across a variety of applications including labor economics, financial economics (finance), macroeconomics, microeconomics, etc. For each of these areas, theoretical models are built (by theoreticians) and these models are tested (by applied economists). When they are built, they are built on the basis of how a simplied world should work under certain assumptions. For example, under the assumptions that people have unlimited wants, get satisfaction from consumption of resources, consumption of the first unit brings more satisfaction than consumption of the next unit, and a certain income and prices of goods, theoretical economics will predict that consumers will but some of each good. This is a theoretical model because it is completely created in the mind and shows what will happen if all the assumptions are correct. The models are usually mathematical in nature and, although they may look complex to the outside observer, are usually very simple abstractions from reality.

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