Debates about Econometrics Is the role of econometrics the same as mathematical economics? ANS:The main task of mathematical economics is to express economic theory in the mathematical form of equations (or models)without regard to measurability or empirical verification of economic theory. To check whether a theory is consistent with reality,one needs econometrics Econometrics 15-Zhuxi 17Econometrics 15 - Zhuxi 17 Debates about Econometrics Is the role of econometrics the same as mathematical economics? ANS: The main task of mathematical economics is to express economic theory in the mathematical form of equations (or models) without regard to measurability or empirical verification of economic theory. To check whether a theory is consistent with reality, one needs econometrics