Applied economics is the application of economic theory to determine the likely outcomes associated with various possible courses of action in the real world. The purpose of applied economics is to improve the quality of practice in business, public policy, and daily life by thinking rigorously about costs and benefits, incentives, and human behaviour. Applied economics can involve the use of case studies and econometrics, which is the application of data to statistical models and comparing the results against the theories being tested.

Applied economics is a popular tool in business planning and for public policy analysis and evaluation. AACS Consulting utilizes the insights gained from economic theory and research to assist its clients in making better decisions and solving real-world problems. By better understanding the likely consequences of choices made by individuals, businesses, and policymakers, we help our clients establish a hypothetical outcome based on the specific ongoing circumstances, drawn from the known implications of general economic laws and models. Our Economic research services pan across multiple sectors with cross-cutting functions: