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Economic model: Economics, Theory, Variable (mathematics), Logic, Mathematical model, Scientific modelling, Parameter, Macroeconomic model - Brossura

 
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. 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.

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