18 Answers
my name is Abdulkadir Mohamed ALI
Master of fınance and economic development
sub: managerial economics
Normative economics is the economics of how things should be
Microeconomics is normative Science
Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production
microeconomics is to behave rationally - which amounts to the imperative to use the most efficient means to achieve a given set of ends - and also that the ends themselves are not contestable. Surely, other social scientists argue, the whole matter of normative ethics
My name is Jimcale Ga'al, I'm one of the Students of Financial and Economic development, If I Try my best the answer of the Question, Is Microeconomics positive or normative? Microeconomics is positive which based on scientific method, it tries to describe facts and explain Various Economic conditions, it has available evidence, objective explanation and rejection of theory. it analyses the problem of economics and examine the causes of problems. so microeconomics positive based on knowledge directly. while microeconomics also is normative. it based on aspects, thinks,opinion, it makes value judgement about behavior and evaluative standard. Normative is phenomena in Human societies of designating some actions. for example, which things are good or bad and which actions are right or wrong. so Microeconomics deals with both positive and normative.
My Name is Ahmed Farah Salah
MF&ED
Subject: Microeconomic Analysis
If I participate our discussion the Question is the Microeconomics is positive or normative science?
The Answer of this Question are:
Microeconomics is positive economics in their scientific format.
On other hands to discuss about what Positive and Normative Economic are explained in that points given below:-
Positive economicsis related to the analysis which is limited to cause and effect relationship between variables.
It explains people about how the economy of the country operates.
Positive economics is alternatively known as pure economics or descriptive economics.
Positive economics is descriptive.
normative economicsaims at examining real economic events from the moral and ethical point of view. It is used to judge whether the economic events are desirable or not.
Normative economics is prescriptive.
Microeconomics is both positive and normative science:
microeconomics is positive in terms of its scientific format, it describes and explains various economic phenomena which is based on facts that can be approved or not, microeconomics can also be described as normative because it deals with the value and fairness of the economy, it tries to determine people’s desirability regarding different economic programs and conditions. On the other hand, normative sense means a standard for evaluating or making judgments about the behavior or outcomes.
Since theories in microeconomics can be tested using scientific methods after properly gathering the necessary facts and data, it’s definitely correct to consider it a positive science. However, when individual practitioners impose their personal value judgements about how people should behave in specific types of economic situations, it then becomes a normative science.
Normative science is the attempt to apply science to normative questions, for example, how long should we stay quarantined? I don't think this concept is very well named because normative science can't be science. You can make ethical decisions based on scientific conclusions but those ethical decisions will always draw on ethical premises (premises about what would be right or wrong) which are not part of science. For example science can't tell us that we don't want people to die or that we do want the economy to be healthy. Even such obvious ethical premises are not part of science in any sense.
Positive economics
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena It focuses on facts and cause-and-effect behavioral relationships and includes the development and testing of economic theories. An earlier term was value-free economics. Positive economics as science, concerns analysis of economic behavior. Positive economics concerns what is. To illustrate, an example of a positive economic statement is as follows: "The unemployment rate in France is higher than that in the United States." Another is: “An increase in government spending would lower the unemployment rate.” Either of these is potentially falsifiable. In contrast, a normative statement is, for example, “Government spending should be increased.”
Normative economics
Normative economics (as opposed to positive economics) is a part of economics that is objective fairness or what the outcome of the economy or goals of public policy ought to be.
Economists commonly prefer to distinguish normative economics from positive economics. Many normative (value) judgments, however, are held conditionally, to be given up if facts or knowledge of facts changes, so that a change of values may be purely scientific.
On the other hand, welfare economist Amartya Sen distinguishes basic judgements, which do not depend on such knowledge, from nonbasic judgments, which do. He finds it interesting to note that "no judgments are demonstrably basic" while some value judgments may be shown to be nonbasic. This leaves open the possibility of fruitful scientific discussion of value judgments.
Positive and normative economics are often synthesized in the style of practical idealism. In this discipline, sometimes called the "art of economics," positive economics is utilized as a practical tool for achieving normative objectives.
Economic is positive science
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena, Positive economics is concerned with the development and testing of positive statements about the world that are objective and verifiable
To illustrate, an example of a positive economic statement is as follows: “An increase in government spending would lower the unemployment rate.” Either of these is potentially falsifiable
For anyone working in a management position it is helpful to distinguish between positive and normative statements. Managers and the people they work with, or are advised by, are likely to make liberal use of both, although normative statements may sometimes be disguised as positive statements. Whilst both types of statement may deserve attention, better management decisions are likely to result when the distinction between them is recognized.
Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive, judgments toward economic development, investment projects, statements, and scenarios. Unlike positive economics, which relies on objective data analysis, normative economics heavily concerns itself with value judgments and statements of "what ought to be" rather than facts based on cause-and-effect statements.
Normative statements derive from an opinion or a point of view. Thus the words 'should', 'ought to' or 'it is better to' frequently occur. The validity of normative statements can never be tested. Positive statements, on the other hand, can be tested, at least in theory, if not always in practice,Normative economics expresses ideological judgments about what may result in economic activity if public policy changes are made
(So micro economics is positive science)
Hello, Lectures and students My's Name Ahmed Abdirahman Nor. If I participate our discussion Microeconomics is positive or normative science?
positive is objective and only Describes about fact, While Normative science is Subjective and opinion.
so, Microeconomics is the study how Individuals, firms make their decisions at the small scale.
So We Can say Micro economics is Both Positive and Normative Science, as we know most Economist or consultants use normative judgement .
#Positive Economics
Positive economics is objective and fact-based where the statements are precise, descriptive, and clearly measurable.
Positive economics is a stream of economics that focuses on the description, quantification, and explanation of economic developments, expectations, and associated phenomena
#Normative Economics
Normative economics is subjective and value-based, originating from personal perspectives, feelings, or opinions involved in the decision-making process.
Normative economics statements are rigid and prescriptive in nature
Abdishakur Osman Nor Shakra
Question:
Is Microeconomics a Positive Science or Normative Science?
Answers:
1- #Microeconomic
2- #Positive Science
3- #Normative Science
Microeconomics
Microeconomics is the study of Individuals, households and firms' behavior in decision making and allocation of resources
#Positive Economic
Positive economics is a part of economics that contemplates the explanation and elucidation of economic occurrence.
#Normative Economics
Normative economics is an outlook on economics that contemplates normative or ideologically dictatorial, discernments toward economic enhancement, statements, investment projects and framework.
And then
-Microeconomics is positive economics in their scientific format.
-Normative economics tries to give policy advice, or takes political stance regarding what is right and what is wrong
Hassan Mohamud Ahmed "Barsane"
Miceconomics is a positive science because a Positive economics uses objective analysis in the study of economics. Microecomics analyse and explain economic phenomena, it also determine and observe facts that can be examined and tested.
while normative economics focuses on the value of economic fairness or what the economy should be
Yes are both positive science and normative science
in Microeconomics as positive science is to seeks to analyse and explain economic phenomena as they stand as a positive science,microeconomics seeks to answer such questions as "what is"."why it is" and "what will be"
in normative science is to to seek to answer the normative question on the basis the certain predetermined norms and social value'
Is positive science because it follows scientific method that means is to predict events or phenomenon it examines facts.
my name is Abdulkadir Mohamed ALI
Master of fınance and economic development
sub: managerial economics
Normative economics is the economics of how things should be
Microeconomics is normative Science
Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production
microeconomics is to behave rationally - which amounts to the imperative to use the most efficient means to achieve a given set of ends - and also that the ends themselves are not contestable. Surely, other social scientists argue, the whole matter of normative ethics
Masters in Finance and Economic Developments
Name: Mohamed Abdi Ashkir
IS MICROECONOMICS A POSITIVE OR NORMATIVE SCIENCE?
Firstly, let I define terms microeconomics Positive economics and Normative economics than we should understand weather is microeconomics a positive or Normative science?
Microeconomics: is the branch of economics that analyses market behaviour of individuals, households and firms' behaviour in decision making in order to understand how these decisions and behaviour affect the supply and demand for goods and service focuses on parts of the economy allocation of resources.
Positive economics: is the economics of how things actually are - or the “is”.
Normative economics: is the economics of how things should be - or the “ought”
Although these questions have a lot of Augments in the Economist opinion, in my view points of understanding I would say microeconomics can be used for either normative or positive purposes. It depends on how to use for economist explanation Positive economics states an economic issue and normative economics provides the numerical-value-based solution for the posed problem.
Positive economics: a value-free explanation. an economic statement that has evidence or a source to check it up
Normative economics: a value-based explanation an economic statement that is only opinion without a source or anything to check or back it up
To understand more let as look some examples of positive and normative below table
Positive economics its factually
Normative economics “ought” not sure
High interest rate will depend on house price
Basic healthcare to all citizen should be free
Disposable income has declined 20% over past 5 years
Minimum wages of should be raised
When Disposable income fall demand for own label supermarket foods raises
High education should be free