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  2. Economic impact analysis - Wikipedia

    en.wikipedia.org/wiki/Economic_impact_analysis

    An economic impact analysis attempts to measure or estimate the change in economic activity in a specified region, caused by a specific business, organization, policy, program, project, activity, or other economic event. [2] The study region can be a neighborhood, town, city, county, statistical area, state, country, continent, or the entire globe.

  3. Externality - Wikipedia

    en.wikipedia.org/wiki/Externality

    In microeconomic theory, externalities are factored into competitive equilibrium analysis as the social effect, as opposed to the private market which only factors direct economic effects. The social effect of economic activity is the sum of the indirect (the externalities) and direct factors.

  4. Problems with economic models - Wikipedia

    en.wikipedia.org/wiki/Problems_with_economic_models

    Economic models can be such powerful tools in understanding some economic relationships that it is easy to ignore their limitations. One tangible example where the limits of economic models allegedly collided with reality, but were nevertheless accepted as "evidence" in public policy debates, involved models to simulate the effects of NAFTA ...

  5. The Shows Should Go On: Southern California Thrives on the ...

    www.aol.com/shows-southern-california-thrives...

    Beyond the perceived glitz and glamour of producing film and television shows lies another crucial economic engine of the entertainment industry: premieres, award shows and events. These ...

  6. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  7. Spillover (economics) - Wikipedia

    en.wikipedia.org/wiki/Spillover_(economics)

    19th century economists John Stuart Mill and Henry Sidgwick are credited with founding the early concepts related to spillover effects. These ideas extend upon Adam Smith's famous ‘Invisible Hand’ theory which is a price that suggests prices can be naturally determined by the forces of supply and demand to form a market price and market quantity where buyers and sellers are willing to make ...

  8. Macroeconomic model - Wikipedia

    en.wikipedia.org/wiki/Macroeconomic_model

    A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such as the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices.

  9. List of unsolved problems in economics - Wikipedia

    en.wikipedia.org/wiki/List_of_unsolved_problems...

    Standard economic theory suggests that in relatively open international financial markets, the savings of any country would flow to countries with the most productive investment opportunities; hence, saving rates and domestic investment rates would be uncorrelated, contrary to the empirical evidence suggested by Martin Feldstein and Charles ...