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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 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. |
| ==== Cualitative deviations ==== | ==== Cualitative 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]] | + | Solow Model |
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| + | [[Microeconomics Definition]] | ||