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en:economic-model [2013/10/28 14:30]
federico translated
en:economic-model [2018/09/13 13:48] (current)
federico [Examples of Economic Models]
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 ===== Predictive Capacity of an Economic Model ==== ===== Predictive Capacity of an Economic Model ====
  
-An economic model cannot predict the outcome of economic policies with 100 precision, since the economic (human and social) behavior is influenced by randomness and is unpredictable. But economic models can give hints about the direction of the behavior of economic variables and estimates about it's magnitude.+An economic model cannot predict the outcome of economic policies with 100precision, since the economic (human and social) behavior is influenced by randomness and is unpredictable. But economic models can give hints about the direction of the behavior of economic variables and estimates about it's magnitude.
  
 ==== Cualitative deviations ==== ==== Cualitative deviations ====
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 Unrealistic assumption can lead to wrong conclusions. A model applied successfully in a country, may not be applied with success in another country with different parameters and social structures. ​ Unrealistic assumption can lead to wrong conclusions. A model applied successfully in a country, may not be applied with success in another country with different parameters and social structures. ​
  
-===== Quantitative deviations ​=====+==== Quantitative deviations ====
  
 Deviations from the outcome can be near zero in average or can be always positive or negative. Models with deviations near zero are preferred over models with average positive or negative deviations. Deviations from the outcome can be near zero in average or can be always positive or negative. Models with deviations near zero are preferred over models with average positive or negative deviations.
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 ===== Examples of Economic Models ===== ===== Examples of Economic Models =====
  
-[[IS-LM model]] \\ +IS-LM model \\ 
-[[Keynesian model]]\\ +Keynesian model\\ 
-[[IMF model]]\\ +IMF model\\ 
-[[Supply and Demand model]]\\ +Supply and Demand model\\ 
-[[Perfect Competition model]]\\ +Perfect Competition model\\ 
-[[Cash flow]]+Cash flow\\ 
 +Solow Model 
 + 
 +[[Microeconomics Definition]]
en/economic-model.1382985021.txt.gz · Last modified: 2015/03/26 11:48 (external edit)