Normative economics is an approach to economics that

A) seeks to understand behavior and the operation of systems without making judgments.
B) analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe preferred courses of action.
C) applies statistical techniques and data to economic problems.
D) examines the role of government in the economy.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.

Economic Behavior

The study of human actions in purchasing, selling, and managing resources, especially in response to economic stimuli or policies.

Prescribed Courses

Courses that are required to be taken to complete a degree or certification program.