Applied economics is a field of economics that uses economic principles and methods to solve real-world problems. It is distinct from pure economics, which is more theoretical in nature. Applied economics deals with issues such as unemployment, inflation, economic growth, and interest rates. It also looks at the impact of government policies on the economy.

Some examples of applied economics research topics include:

– The impact of minimum wage laws on employment levels

– The effect of taxation on consumer spending

– The role of interest rates in influencing investment decisions

– The impact of government spending on economic growth

– The effect of trade barriers on international trade flows

Applied economics is used by policy makers to make decisions about economic issues. It is also used by businesses to make decisions about pricing, investment, and other strategic decisions. Applied economics is a useful tool for understanding and predicting economic behavior.