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Economics models

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Phillips curve
economic model illustrating an inverse relationship between inflation and unemployment
IS/LM model
Islm
economic model
simplified representations of economic reality
Solow–Swan model
neoclassical model of long-run economic growth based on at capital accumulation, labor or population growth, and increases in productivity due to technological progress
Mundell–Fleming model
economic model
Cournot competition
economic model in which companies compete on the amount of output they will produce, decided independently of each other and at the same time
input-output model
quantitative economic model that represents the interdependencies between different sectors of a national economy or different regional economies
Harrod–Domar model
Keynesian model of economic growth explaining an economy’s growth rate in terms of the level of saving and of capital
Heckscher–Ohlin model
general equilibrium model of international trade by E. Heckscher and B. Ohlin, based on Ricardo's theory of comparative advantage
AD-AS model
Keynesian macroeconomic model that explains price level and output through the relationship of aggregate demand and aggregate supply
Tableau économique
18th century physiocratic economic model
Edgeworth box
model of an economic market
macroeconomic model
analytical tool designed to describe the operation of the economy of a country or a region
Bertrand competition
economic model where firms set prices exceeding their marginal cost and their customers choose quantities at those prices, so that each firm maximise their profits by undercutting competitors' prices
cobweb model
explanatory approach for market price oscillation in markets around market equilibrium
doughnut
economic model used to measure the performance of an economy by the extent to which the needs of people are met without overshooting Earth's ecological ceiling
Keynesian cross
diagram in Keynesian economics that plots aggregate income (labeled as Y on the horizontal axis) and planned total spending (labeled as AD on the vertical axis)
circular flow of income
economy model with exchange flows of money, goods and services, between economic agents
Ramsey–Cass–Koopmans model
neoclassical economic model that describes the dynamics of economic growth over time
Rostow's stages of growth
historical model of economic growth
MONIAC Computer
fluidic analogue computer simulating the UK ecomomy
Dividend discount model
method of valuing a company's stock price
overlapping generations model
economic model
toy model
deliberately simplistic model with many details removed so that it can be used to explain a mechanism concisely, also useful in a description of the fuller model
World3
The World3 model is a system dynamics model for computer simulation of interactions between population, industrial growth, food production and limits in the ecosystems of the earth. It was originally produced and used by a Club of Rome study that produced the model and the book The Limits to Growth (1972). The creators of the model were Dennis Meadows, project manager, and a team of 16 researchers.
dual-sector model
model in developmental economics
Big push model
A concept of economics in developing countries
AK model
endogenous growth model where output is a linear function of capital, without diminishing returns
Lange model
neoclassical economic model for a hypothetical socialist economy
Open Music Model
economic and technological framework which foresees the playback of prerecorded music as a service
Diamond–Dybvig model
economic model of bank runs and financial crises
discrete choice
choice among two or more discrete alternatives
Harris–Todaro model
economic model
Mincer equation
equation explaining wages via schooling and experience
Guns versus butter model
macroeconomic relationship between defense spending and civilian welfare
exogenous and endogenous variables
variables in an economic model
Mahalanobis model
Marxist model of economic development
Kaldor's growth laws
economic relationship between growth in manufacturing and growth of the broader economy
overshooting model
theoretical explanation for exchange rate volatility
backwardness
Backwardness is a lack of progress by a person or group to some perceived cultural norm of advancement, such as for example traditional societies relative to modern scientific and technologically advanced industrialized societies.
Bargaining Model of War
transactional view of violent conflict in international relations theory