Models and Theories
Completion requirements
Watch this video on why economists need models and theories to simplify
reality. Once economic reality is simplified, it is easier to understand
and predict its future behavior.
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=lYHy2XLa4u0&list=PL336C870BEAD3B58B&index=5
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Last modified: Wednesday, 24 January 2024, 8:42 PM