Economy: How do economists measure utility objectively/fairly? What is behavioral economics, and how is it applied to consumers in the study of economics? What influence does microeconomics have on macroeconomics? What is the impact of an increase in marginal propensity to save in a sim...
Explain why real GDP is a better measure of the performance of an economy compared to nominal GDP? If prices rise, people's income from selling goods increases. The growth of real GDP ignores this gain, however. Why, then, do economis...
When economists try to measure legal rules and institutions their approach is often a "just do it" one, implicitly assuming that the complexity of the law ... MM Siems - 《Social Science Electronic Publishing》 被引量: 7发表: 2011年 How Economists Model the World into Numbers - Marcel Boum...
Sectors are used by economists to classify economic activity by grouping companies that are engaged in similar business activities. For example, some sectors are engaged in activities that involve the earliest stages of the production cycle, such as extractingraw materials. Other sectors involve the m...
How do economists measure the money supply? Economists use a formalized measurement tool known as monetary aggregates to gauge the amount of money in circulation. These tools help economists understand the health of the economy and let central banks like the Federal Reserve craft monetary policy. ...
Measure for Measure: How Economists Model the World into NumbersmodelsmacroeconomicseconometricsmeasurementinstrumentsThe article discusses economic models as instruments of measuring economic phenomena from obtainable numerical facts; as in the theory of measurement where measSocial Science Electronic Publishing...
Growth rates measure how quickly variables increase or decrease, showing the net change in value over some period of time. First applied to the study of biological populations and diseases, growth rates today are an important factor for economists, policy makers, company managers, entrepreneurs, and...
Economists have never been shy about taking on the big questions that disciplines such as history, sociology, or political science consider their own province. What have been slavery's long-run implications for contemporary American society? Why do some communities exhibit higher levels of social tru...
Indeed,America’s 2.8 per cent annualised growthin the second quarter was instantly compared to economists’ 2 per cent forecast, with predictable results. It’s a handy heuristic. But it’s far too simplistic. Here are some steps to help put “higher than expected” numbers into context ...
Economy: How do economists measure utility objectively/fairly? How is the aggregate demand curve derived in the Classical model and how does it shift? How is that different from the AD curve in the Keynesian model? 1. How is the aggregate demand curve derived in the Classical model and ho...