An Analysis of the Relationship Between Theoretical Economics and Applied Economics

With the increasing enhancement of China's economic strength, various theoretical aspects related to economics have garnered widespread attention from all sectors of society. Clarifying the concepts of theoretical economics and applied economics, and understanding the relationship between the two, has become a primary focus in numerous developmental fields today. Comparatively, any theoretical research requires consideration of practical outcomes. However, during the study of economic theories, deviations inevitably arise due to multiple influencing factors, and the content related to theoretical economics has not been highly emphasized, ultimately leading to problems in economic activities. Therefore, mastering the relationship between theoretical economics and applied economics to promote orderly economic activities has become an important direction for economic endeavors. This paper delves into the relationship between theoretical economics and applied economics, analyzes their significance within the field of economics, identifies current issues, and proposes effective strategies to promote the balanced development of both, aiming to provide valuable references for economic research and practice.

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Publication Details

Journal
Highlights in Business Economics and Management
Published
2024-11-19
DOI
https://doi.org/10.54097/0xw51376
Primary Topic
Advanced Research in Science and Engineering
Type
article
Field-Weighted Citation Impact
0.00
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article

An Analysis of the Relationship Between Theoretical Economics and Applied Economics

Lingyan Wu
Highlights in Business Economics and Management
Advanced Research in Science and Engineering
article

An Analysis of the Relationship Between Theoretical Economics and Applied Economics

Lingyan Wu
article en

Abstract

With the increasing enhancement of China's economic strength, various theoretical aspects related to economics have garnered widespread attention from all sectors of society. Clarifying the concepts of theoretical economics and applied economics, and understanding the relationship between the two, has become a primary focus in numerous developmental fields today. Comparatively, any theoretical research requires consideration of practical outcomes. However, during the study of economic theories, deviations inevitably arise due to multiple influencing factors, and the content related to theoretical economics has not been highly emphasized, ultimately leading to problems in economic activities. Therefore, mastering the relationship between theoretical economics and applied economics to promote orderly economic activities has become an important direction for economic endeavors. This paper delves into the relationship between theoretical economics and applied economics, analyzes their significance within the field of economics, identifies current issues, and proposes effective strategies to promote the balanced development of both, aiming to provide valuable references for economic research and practice.

Highlights in Business Economics and ManagementVol. 42
Openalex Percentile: Top 77%
Advanced Research in Science and Engineering
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