What is Economic Model

An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes. Frequently, economic models posit structural parameters. A model may have various exogenous variables, and those variables may change to create various responses by economic variables. Methodological uses of models include investigation, theorizing, and fitting theories to the world.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Economic model

Chapter 2: Econometrics

Chapter 3: Macroeconomics

Chapter 4: Mathematical model

Chapter 5: Neoclassical economics

Chapter 6: Rational expectations

Chapter 7: Index of economics articles

Chapter 8: Lucas critique

Chapter 9: Macroeconomic model

Chapter 10: Bellman equation

Chapter 11: Econometric model

Chapter 12: Lars Peter Hansen

Chapter 13: Applied economics

Chapter 14: Economics education

Chapter 15: Qualitative economics

Chapter 16: Dynamic stochastic general equilibrium

Chapter 17: Mathematical economics

Chapter 18: Real business-cycle theory

Chapter 19: Mathematical finance

Chapter 20: Criticisms of econometrics

Chapter 21: Causal inference

(II) Answering the public top questions about economic model.

(III) Real world examples for the usage of economic model in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Economic Model.