ProgramCIP 45.0602

Applied Economics

A program that focuses on the application of economic principles and analytical techniques to the study of particular industries, activities, or the exploitation of particular resources. Includes instruction in economic theory; microeconomic analysis and modeling of specific industries, commodities; the economic consequences of resource allocation decisions; regulatory and consumer factors; and the technical aspects of specific subjects as they relate to economic analysis.

Definition from U.S. Department of Education, National Center for Education Statistics (CIP 2020).

Also called Behavioral and Experimental Economics.