Normative economics flashcard sets

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normative economics definitions
# Definition Sets
1judgments about "what ought to be" in economic matters.4 sets
2economic statements that reflect subjective value judgements and are based on ethical positions.3 sets
3with value judgements3 sets
4economics that state what should be2 sets
5the 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
6analysis involving value judgments about economic policies (relates to whether things are good or bad. a statement of what ought to be. )2 sets
7economic statements that reflect subjective value and are based on ethical positions2 sets
8makes prescriptions about the way the economy should work.1 set
9the 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
10tries to prescribe economic policy1 set
11incorporates 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
12incorporates value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal1 set
13analysis involving value judgments about economics policies; what ought to be1 set
14attempts to describe what ought to be1 set
15the parts of economics involving value judgements about what the economy should be like; focused on which ecnomic goals and policies should be implemented1 set
16focuses on opinions and what "ought to be". untestable theories. critical to policy economics.1 set
17analysis that typically focuses on issues of social welfare, examining what will enhance or detract from the common good1 set
18prescriptions about how economics should work1 set
19value 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
20the branch of economic analysis that makes presriptive statements about how the economy should work1 set
21describing what should be; economic opinions based on logic1 set
22the judgement of what ought to be in economic matters1 set
23incorporates 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
24a subset of economics founded on value judgements and leading to assertions of what ought to be1 set
25analysis that involves saying how the world should work1 set
26prescriptive, value-laden, what should?1 set
27deals with areas of the subject that are open to personal opinion and belief, rather than having the capability of being proven to be correct or not1 set
28makes prescripitions about the way the economy should work1 set
29economics in which judgments about the desirability of various policies are made; the conclusions rest on values as well as facts and theories1 set
30part of the economy dealing with value judgements of what the economy "ought to be"1 set
31economics in which judgments about the desirability of various policies are made; the conclusions rest on value judgments as well as facts and theories1 set
32focuses on value judgments about what the economy should be like or what policy actions should be taken to achieve a goal1 set
33addresses 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
34the study of what ought to be. it is inductive and involves value judgments.1 set
35the part of economics involving value judgments about what the economy should be like (what should be)1 set
36makes prescriptions about the way the economy should work1 set
37what should be1 set
38an approach to economics that analyzes outcomes of economics behavior, evaluates them as good or bad, and may prescribe courses of action1 set
39economics that state what should be (what should be)1 set
40this deals the, what should be, of economy1 set