The phrase "application of economics" is correct and usable in written English.
It can be used when discussing how economic theories or principles are applied in real-world situations or specific fields.
Example: "The application of economics in public policy can lead to more effective decision-making and resource allocation."
Alternatives: "use of economics" or "implementation of economic principles".
Fittingly for a Nobel laureate who pioneered the application of economics to areas such as discrimination, crime and the family, his answers involved market mechanisms.
Human capital was also an opportunity to further explore his interest in extending the application of economics to non-market behaviour.
The benefit of knowing and preparing for a properly evaluated "most likely event" scenario is the resultant correct application of economics, and personnel resources of emergency responders.
http://www.healtheconomics.org - The International Health Economics Association was formed to increase communication among health economists, foster a higher standard of debate in the application of economics to health and healthcare systems, and assist young researchers at the start of their careers.
A project led by Wendy Carlin, an economics professor at University College London, is developing a new curriculum putting an emphasis on real-world applications of economics, that will be offered to economics students later this year.
The analysis of Friedman, which would be an important inspiration also for Mincer's work (see his interview in Teixeira [2006]; also Mincer's dissertation [1957]), was an important stimulus for Becker, not the least due to Friedman's encouragement to explore innovative applications of economics.
Managerial economics, application of economic principles to decision-making in business firms or of other management units.
To measure the effectiveness of short term trainings in improving knowledge of health economics and application of economic way of thinking in policy research.
To get a better understanding of medical nutrition-related health economics and to advance the greater picture of application of health economics in medical nutrition, this systematic literature review was undertaken to assess the current evidence.
That had an enormous impact on policy, and it was an application of Chicago economics.
The wider application of mathematical economics was joined by an increasing sophistication of empirical work under the rubric of "econometrics," a field comprising economic theory, mathematical model building, and statistical testing of economic predictions.
