Information technologies and the data they create are changing the world rapidly in a multitude of ways. The legal profession, one of the most traditional and adverse to change, is beginning to adapt. A new breed of data …

What is economic policy? If economics can be described as the study of the allocation of scarce resources among agents, economic policy can be described as the public rules and regulations that guide that allocation. …

What is maths programming? Mathematical programming, or computational programming, is the process of translating mathematically representable problems into computer languages then harnessing the power of computers to …

What is decision analysis? Decision analysis is a subcategory of decision science. Ultimately, all data science could be classified as decision science, because the entire point of data analytics and informatics is to …

What is optimization Optimization is about making choices that lead to first best outcomes. Mathematically, optimization is usually described with differential calculus, though when functions are linear, and problems are …

What is macroeconomics Macroeconomics is the field of economics that deals with aggregated quantities. Microeconomics, for example, might deal with firm level economics, while macroeconomics might deal with aggregate …