Yekaterinburg, Russia

Mathematical and Instrumental Methods in Economics

Language: English Studies in English
Subject area: mathematics and statistics
University website: urfu.ru/en/
3 years
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Instrumental
An instrumental is a musical composition or recording without lyrics, or singing, although it might include some inarticulate vocals, such as shouted backup vocals in a Big Band setting. The word "song" is widely misused by people in the popular music industry to describe any musical composition, whether sung or played only by instruments."The music is primarily or exclusively produced by musical instruments. An instrumental can exist in music notation, after it is written by a composer; in the mind of the composer (especially in cases where the composer himself will perform the piece, as in the case of a blues solo guitarist or a folk music fiddle player); as a piece that is performed live by a single instrumentalist or a musical ensemble, which could range in size from a duo or trio to a large Big Band, concert band or orchestra.
Economics
Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.
Janet Yellen, in "The Hand on the Lever" in The New Yorker (July 21, 2014) by Nicholas Lemann
Economics
Give not Saint Peter so much, to leave Saint Paul nothing.
George Herbert, Jacula Prudentum (1651). Reported in Hoyt's New Cyclopedia Of Practical Quotations (1922), p. 216.
Economics
In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.
Ronald Coase, The firm, the market and the law (1988) Chapter 6. A remark on "The problem of social cost" (last sentence).
Different regions and economic sectors are dealing with the impact of climate change in different ways. A framework to optimise these responses under different scenarios has been developed under the auspices of an EU-funded initiative.
Privacy Policy