Dublin, Ireland

Economic Science in Policy Analysis

Master's
Table of contents

Economic Science in Policy Analysis at IPA

Language: EnglishStudies in English
Subject area: economy and administration
Qualification: Level 9 NFQ
Degree - Masters (Level 9 NFQ)
University website: www.ipa.ie/

Definitions and quotes

Analysis
Analysis is the process of breaking a complex topic or substance into smaller parts in order to gain a better understanding of it. The technique has been applied in the study of mathematics and logic since before Aristotle (384–322 B.C.), though analysis as a formal concept is a relatively recent development.
Policy
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making. Policies to assist in subjective decision making usually assist senior management with decisions that must be based on the relative merits of a number of factors, and as a result are often hard to test objectively, e.g. work-life balance policy. In contrast policies to assist in objective decision making are usually operational in nature and can be objectively tested, e.g. password policy.
Science
Science (from Latin scientia, meaning "knowledge") is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe.
Analysis
The terms synthesis and analysis are used in mathematics in a more special sense than in logic. In ancient mathematics they had a different meaning from what they now have. The oldest definition of mathematical analysis as opposed to synthesis is that given in Euclid, XIII. 5, which in all probability was framed by Eudoxus: "Analysis is the obtaining of the thing sought by assuming it and so reasoning up to an admitted truth; synthesis is the obtaining of the thing sought by reasoning up to the inference and proof of it."
Florian Cajori, A History of Mathematics (1893). p. 30
Policy
To beguile the time,
Look like the time; bear welcome in your eye,
Your hand, your tongue: look like the innocent flower,
But be the serpent under 't.
William Shakespeare, Macbeth (c. 1605), Act I, Scene 5.
Analysis
Vieta presented his analytic art as "the new algebra" and took its name from the ancient mathematical method of "analysis", which he understood to have been first discovered by Plato and so named by Theon of Smyrna. Ancient analysis is the 'general' half of a method of discovering the unknown in geometry; the other half, "synthesis", being particular in character. The method was defined by Theon like this: analysis is the "taking of the thing sought as granted and proceeding by means of what follows to a truth that is uncontested"'. Synthesis, in turn, is "taking the thing that is granted and proceeding by means of what follows to the conculsion and comprehension of the thing sought" (Vietae 1992: 320). The transition from analysis to synthesis was called "conversion", depending on whether the discovery of the truth of a geometrical theorem or the solution ("construction") to a geometrical problem was being demonstrated, the analysis was called respectively "theoretical" or "problematical".
Burt C. Hopkins, "Nastalgia and Phenomenon: Hussel and Patočka on the End of the Ancient Cosmos," The Phenomenological Critique of Mathematisation and the Question of Responsibility: Formalisation and the Life-World (2015) ed., Ľubica Učník, Ivan Chvatík, Anita Williams, p. 71, Contributions to Phenomenology 76
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