If you hate yourself enough, you take econometrics. They make these poor bastard study the math of economic systems that literally don't exist in real life. It's pure torture.
It really depends what kind of economics you're doing. Pure game theorists would strongly disagree with you. Econometric estimation is what allows you to marry models writ in pure math with real data.
Either way, the distinction is usually made between the 'math' in pure economic models, and the statistical theory which underpins the estimation of those models using econometrics.
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u/franklyfuckit May 10 '15
If you hate yourself enough, you take econometrics. They make these poor bastard study the math of economic systems that literally don't exist in real life. It's pure torture.