
Kiryl Kurylionak, assistant professor, Chair of banking economy, Belarusian State University, Candidate of Economic Sciences;
Alena Kurylionak, senior researcher, Sector of foreign trade problems, Institute of Economics, National Academy of Sciences of Belarus.
Summary.
The article considers the promising areas of theory and practice integration, such as development of adequate production functions and cost functions of a particular business, the method of econometric modeling of demand analysis introducing to practice, wider use of stochastic methods. Some aspects of economic analysis related to the digital economy are briefly reviewed. This will contribute to the creation of practice-oriented tools that meet new challenges.
Key words: economic analysis, production function, cost function, demand modelling, elasticity, finance assets valuation, staff incentives, digital economy.
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