Normative economics flashcard sets

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normative economics definitions
# Definition Sets
1judgments about "what ought to be" in economic matters.4 sets
2with value judgements3 sets
3economic statements that reflect subjective value and are based on ethical positions2 sets
4economic statements that reflect subjective value judgements and are based on ethical positions.2 sets
5economics that state what should be2 sets
6makes prescriptions about the way the economy should work2 sets
7the part of economics involving value judgments about what the economy should be like; focused on which economic goals and policies should be implemented; policy economics2 sets
8analysis involving value judgments about economic policies (relates to whether things are good or bad. a statement of what ought to be. )2 sets
9analysis involving value judgments about economics policies; what ought to be1 set
10prescriptions about how economics should work1 set
11value judgments about what the economy should be like; looks at the desirability of certain aspects of the economy and underlies expressions of support for particular economic policies1 set
12describing what should be; economic opinions based on logic1 set
13incorporates value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal (policy economics). what ought to be1 set
14incorporates value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal (policy economics)1 set
15analysis that typically focuses on issues of social welfare, examining what will enhance or detract from the common good1 set
16attempts to describe what ought to be1 set
17the study of what ought to be. it is inductive and involves value judgments.1 set
18analysis involving value judgements about economic policies; relates to whether things are good or bad. a statement of what ought to be.1 set
19focuses on opinions and what "ought to be". untestable theories. critical to policy economics.1 set
20prescriptive, value-laden, what should?1 set
21the parts of economics involving value judgements about what the economy should be like; focused on which ecnomic goals and policies should be implemented1 set
22a subset of economics founded on value judgements and leading to assertions of what ought to be1 set
23makes prescriptions about the way the economy should work.1 set
24focuses on value judgments about what the economy should be like or what policy actions should be taken to achieve a goal1 set
25addresses what should be. value judgements and opinions that cannot be tested. someone thinking that something should happen because it would make things better.1 set
26the part of economics involving value judgments about what the economy should be like (what should be)1 set
27an approach to economics that analyzes outcomes of economics behavior, evaluates them as good or bad, and may prescribe courses of action1 set
28economics in which judgments about the desirability of various policies are made; the conclusions rest on value judgments as well as facts and theories1 set
29what should be1 set
30the judgement of what ought to be in economic matters1 set
31economics that state what should be (what should be)1 set
32tries to prescribe economic policy1 set
33the branch of economics that states the way the economy should operate. this statement is based on values and can be proved neither right or wrong. is used to recommend ways to change the world, to improve it, and to make it a better place for both man and beast.1 set
34incorporates value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal1 set
35deals with statements based on personal opinion or value judgment ; deals with what "should be or what ought to be"1 set
36the branch of economic analysis that makes presriptive statements about how the economy should work1 set
37analysis that involves saying how the world should work1 set
38part of the economy dealing with value judgements of what the economy "ought to be"1 set
39deals with judgment or values; opinions/personal likes or dislikes; uses should or ought1 set
40economic analysis involving value judgments about what the economy should be like1 set