Can I read Understanding Economic Models on EtoBox?
Understanding Economic Models by georgeregina755 is a document available to read on EtoBox.
What is Understanding Economic Models about?
An economic model is a theoretical framework that uses a set of variables and logical/quantitative relationships to represent complex economic processes in a simplified way. Models can have exogenous variables that change to create responses, and are used to investigate theories, fit theories to real-world data, and inform policymaking and forecasting. Economic models simplify enormous complexity and isolate key relationships to further understanding.
- Author
- georgeregina755
- Language
- EN