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The Market

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Chapter One

Chapter One. The Market.

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The Market

1. The Market. The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions --- John Maynard Keynes.

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Chapter 1 The Market

Chapter 1 The Market.

616 views • 60 slides

The Market

1. The Market. The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions --- John Maynard Keynes.

644 views • 59 slides

Economic Modeling

Economic Modeling. What causes what (causality, ???? ) in economic systems? At what level of detail shall we model an economic phenomenon? Which variables are determined outside the model ( exogenous, ?? ), and which are to be determined by the model ( endogenous, ?? )?.

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Chapter One

Chapter One. The Market. Economic Modeling. What causes what in economic systems? At what level of detail shall we model an economic phenomenon? Which variables are determined outside the model (exogenous) and which are to be determined by the model (endogenous)?.

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