The Full Wiki

More info on Economic model

Economic model: Quiz

Advertisements
  
  

Question 1: In 2004 Philip Mirowski challenged this view and those who hold it, saying that chaos in economics is suffering from a biased "crusade" against it by ________ in order to preserve their mathematical models.
MercantilismNeoclassical economicsKeynesian economicsGeorgism

Question 2: The variables in ________ may well be subject to chaos.
Bond (finance)Financial marketDebtFinance

Question 3: A model however establishes an argumentative framework for applying logic and ________ that can be independently discussed and tested and that can be applied in various instances.
Set theoryMathematicsMathematical logicGeometry

Question 4: In ________, 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.
EconomicsKeynesian economicsMoneyHeterodox economics

Question 5: Market models often exclude ________ such as unpunished pollution.
ExternalityPublic goodEconomicsEnvironmental economics

Question 6: 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 ________ study.
Economic historyEconomicsEconometricsHeterodox economics

Question 7: For instance, in calculating the impact of a monetary loosening on output some models estimated a 3% change in ________ after one year, and one gave almost no change, with the rest spread between.
EconomyJEL classification codesGross domestic productEconomics

Question 8: It is straightforward to design an economic models susceptible to ________ of initial-condition sensitivity.
Butterfly effectEdward Norton LorenzChaos theoryAttractor

Question 9: Clearly, by the time ________ came along he had a lot of well-established math to draw from.
Thomas Robert MalthusDavid RicardoRobert Torrens (economist)John Stuart Mill

Question 10: ________ has vigorously argued that these lags are so long and unpredictably variable that effective management of the macroeconomy is impossible.
Robert SolowMilton FriedmanGary BeckerGeorge Stigler







Advertisements









Got something to say? Make a comment.
Your name
Your email address
Message