In Quest of the Craft Economic Modeling for the 21st Century 1st Edition by Douglas Meade ISBN 8866558192 9788866558194

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Product details:
ISBN 10: 8866558192
ISBN 13: 9788866558194
Author: Douglas Meade

In Quest of the Craft Economic Modeling for the 21st Century 1st Edition Table of contents:

• Chapter 1: The Evolution of Economic Thought

  • Classical Economics and Early Models

  • The Rise of Keynesian Economics

  • The Shift to Modern Microeconomic and Macroeconomic Models

• Chapter 2: The Role of Assumptions in Economic Models

  • The Necessity of Simplification

  • Limitations and Strengths of Assumptions

  • Realism vs. Idealism in Economic Theory

• Chapter 3: Understanding Mathematical Tools for Modeling

  • Key Mathematical Concepts in Economic Modeling

  • The Role of Calculus, Algebra, and Statistics

  • Interpreting Data and Understanding Models

• Chapter 4: Microeconomic Models

  • The Foundations of Microeconomic Theory

  • Demand, Supply, and Market Equilibrium

  • Game Theory and Strategic Interaction

  • Behavioral Economics and Its Influence on Modeling

• Chapter 5: Macroeconomic Models

  • The Basics of Aggregate Demand and Supply

  • National Income Accounting and Growth Models

  • Business Cycle Theory and Its Application

  • Inflation, Unemployment, and Fiscal Policy Modeling

• Chapter 6: Modeling in the Age of Globalization

  • The Influence of Global Markets on Local Economies

  • International Trade and Exchange Rate Models

  • Capital Flows and Global Financial Systems

• Chapter 7: Computational Methods in Economic Modeling

  • The Rise of Computational Economics

  • Simulation and Agent-Based Models

  • Using Software for Economic Modeling (e.g., MATLAB, Python)

• Chapter 8: Policy Analysis and Economic Forecasting

  • How Economic Models Inform Policy Decisions

  • The Role of Forecasting Models in Government and Business

  • Evaluating the Effectiveness of Economic Policies

• Chapter 9: Ethical Considerations in Economic Modeling

  • The Potential Biases in Economic Models

  • The Ethical Implications of Model Predictions

  • The Responsibility of Economists in Policy Decision-Making

• Chapter 10: The Future of Economic Modeling

  • The Impact of Technological Advances (e.g., AI, Big Data)

  • The Need for Interdisciplinary Approaches in Economic Research

  • Challenges and Opportunities for the Next Generation of Economic Models

• Conclusion

  • Reflecting on the Craft of Economic Modeling

  • The Future Role of Economists in Addressing Global Challenges

  • Final Thoughts and Areas for Future Exploration

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