three characteristics of an economist as a scientist.?

Question

list three characteristics of an economist as a scientist and three characteristics of an economist as a policy advisor.

Answer 1

eco scientist.... 1. eatablishes theories based on facts
2. evaluates and tests them against the hypothesis
3. makes models (econometric) of the confirmed theories for further application..

eco policy.............1. siplifies and makes the data abstract in order to aggregate the problem as well as solution
2. suggests short run as well as long run analysis of the present conditions.
3. suggests short run as well as long run policy for th resulution of the issue.

Answer 2

Scientific characteristics.
- Careful data collection and goals of precise measurement.
- Development of mathematical models to describe real world occurences.
-Willingness to adjust or abandon models which don't adaquitely explain data.

Policy advisor:
-Economists study policy effects extensively with a wide variety of models. Most macro economic models can be adjusted to reflect policy changes, while micro models will tell you how policies will effect individual/firm decisions.

-Economists study a wide variety of taxes, incentives, contracts. Given this theory, economists can suggest the types of mechanisms that are most efficient at achieving desired effects in different situations. (As with everything, this is far from perfect).

-Economists study political economy: the economics of politics and government organizations. Economists can shed some light of efficient ways of implementing a project internatlly so that it gains political support or support of offices implimenting policy.

Things that economics can't do, but some economists do anyway:
-Provide social priorities for the public.
-Support political agendas by picking convient models which overlook downsides.
-Accurately predict economic conditions more than a few months out.

Answer 3

a difficult question and will try my best. economist as a scientist a) he studies economic history b) he makes deductions on the basis of the past c) he tries to combine his knowledge of human factors vs. known real factors (such as the quantity of money etc.)
re. as a policy advisor
a) he has a background of multiple studies -- history, geography, politics, psychology etc. etc.
b) he studies carefully the cause and effect of many past elements seen in the economy
c) he is not a politician -- thus he leaves the political end of the equation to his boss --who in all probability is a politician...voila. hope it helps.