Conceptual Models
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Conceptual Models: Thought Experiment, Mathematical Model, Analogy, Economic Model, Two-Stage Model of Free Will, World View

Conceptual Models: Thought Experiment, Mathematical Model, Analogy, Economic Model, Two-Stage Model of Free Will, World View


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About the Book

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 44. Chapters: Thought experiment, Mathematical model, Analogy, Economic model, Two-stage model of free will, World view, Scientific modelling, Temporal single-system interpretation, Mental model, Modeling and Simulation: Conceptual Modeling Overview, Square of opposition, Psychological Continuum Model, Nagel-Schreckenberg model, Peters Rose, Hypothetico-deductive model, Deductive-nomological model, Logical hexagon, Phonemic imagery, Mental model theory of reasoning, Causal diagram. Excerpt: In economics, a model is a theoretical construct that represents economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified framework designed to illustrate complex processes, often but not always using mathematical techniques. Frequently, economic models use structural parameters. Structural parameters are underlying parameters in a model or class of models. A model may have various parameters and those parameters may change to create various properties. In general terms, economic models have two functions: first as a simplification of and abstraction from observed data, and second as a means of selection of data based on a paradigm of econometric study. Simplification is particularly important for economics given the enormous complexity of economic processes. This complexity can be attributed to the diversity of factors that determine economic activity; these factors include: individual and cooperative decision processes, resource limitations, environmental and geographical constraints, institutional and legal requirements and purely random fluctuations. Economists therefore must make a reasoned choice of which variables and which relationships between these variables are relevant and which ways of analyzing and presenting this information are useful. Selec...


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Product Details
  • ISBN-13: 9781233073955
  • Publisher: Books LLC, Wiki Series
  • Publisher Imprint: Books LLC, Wiki Series
  • Height: 246 mm
  • No of Pages: 46
  • Spine Width: 3 mm
  • Weight: 100 gr
  • ISBN-10: 1233073958
  • Publisher Date: 18 Aug 2011
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Sub Title: Thought Experiment, Mathematical Model, Analogy, Economic Model, Two-Stage Model of Free Will, World View
  • Width: 189 mm


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