The application of statistical and mathematical methods in the field of economics to test economic theories, quantify relationships and other entities of interest, and the methodological development of the techniques for doing these things.

108 Economic Appraisal Economic Appraisal

A general term for the economic evaluation of options. This can be done from a variety of perspectives. See Cost-benefit Analysis, Cost-effectiveness Analysis, Cost-utility Analysis and Financial Appraisal.

Was this article helpful?

0 0

Post a comment