Across
- 1. generalisation based on rational behaviour and logical reasoning.
- 9. Statement of what is.Based on facts supported with evidence.
- 10. Collecting and identifying economic problems.
- 11. Father of economics
- 12. Government policy aimed to improve efficiency with nations allocative resources.
- 13. means by which objectives might be achieved.
- 16. Studies the economy as a whole.
- 17. Moving from facts to theory.
- 19. What is true for one is true for all.
- 22. Adam Smith
- 24. Vilfredo Pareto
- 25. Statement of one's value judgement and personal opinion on what should be, ought to be and could be done.
- 26. Conclusion drawn to a small sample can be misleading.
- 28. general statement of what will happen given certain circumstances.
- 29. method Also known as Inductive methodology.
Down
- 2. "after this, therefore because of this".
- 3. achievement of a desirable level of a particular economic variable.
- 4. Root of technic of thinking in economics.
- 5. Moving from theory to facts.
- 6. Another name for Deductive.
- 7. Combination of facts and theory to formulate economic policy.
- 8. concerns it's self with a behaviour of a small individual economic units.
- 14. Milton Friedman
- 15. simplified picture of reality.
- 18. believing in what we need to believe and ignoring the facts.
- 20. Alfred Marshal
- 21. Establishes cause and effect.
- 23. J.M Keynes
- 27. Organising facts derive economic principals,laws and theories.