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Aside from the distinguishing between microeconomics and macroeconomics, students who are studying economics must also learn the difference between positive economics and normative economics. The former deals with that which is, while the later deals with that which ought to be. Other distinguishing characteristics include economic theory and applied economics.
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The MA in Economics at Western Illinois University is a specialized program preparing students for various positions in business and government, or desiring to teach in two-year colleges, or intending to advance into doctorate studies in business, economics, and the law.