noun
applied economics
The branch of economics that uses economic theory and quantitative methods to analyze real-world situations.
彼は大学で応用経済学を専攻している。
He is majoring in applied economics at university.
応用経済学の手法を使って市場分析を行った。
We conducted a market analysis using methods from applied economics.
Compound of 応用 (application) and 経済学 (economics). The term is a direct calque from English 'applied economics'.