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  2. Econometrics - Wikipedia

    en.wikipedia.org/wiki/Econometrics

    Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. [1] More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."

  3. Economics - Wikipedia

    en.wikipedia.org/wiki/Economics

    Economics is the science which studies human behaviour as a relationship between ends and scarce ... education, and any other field economic analysis can be applied ...

  4. Macroeconomics - Wikipedia

    en.wikipedia.org/wiki/Macroeconomics

    Macroeconomics is traditionally divided into topics along different time frames: the analysis of short-term fluctuations over the business cycle, the determination of structural levels of variables like inflation and unemployment in the medium (i.e. unaffected by short-term deviations) term, and the study of long-term economic growth.

  5. Social exchange theory - Wikipedia

    en.wikipedia.org/wiki/Social_exchange_theory

    The theory also involves economic relationships—the cost-benefit analysis occurs when each party has goods that the other parties value. [1] Social exchange theory suggests that these calculations occur in a variety of relationships, from romantic relationships and friendships to professional relationships , and even in ephemeral interactions ...

  6. Economic model - Wikipedia

    en.wikipedia.org/wiki/Economic_model

    An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical , framework designed to illustrate complex processes.

  7. Supply and demand - Wikipedia

    en.wikipedia.org/wiki/Supply_and_demand

    A supply schedule, depicted graphically as a supply curve, is a table that shows the relationship between the price of a good and the quantity supplied by producers. Under the assumption of perfect competition , supply is determined by marginal cost : Firms will produce additional output as long as the cost of extra production is less than the ...

  8. Input–output model - Wikipedia

    en.wikipedia.org/wiki/Input–output_model

    In 2003, Mohammad Gani, a pupil of Leontief, introduced consistency analysis in his book Foundations of Economic Science, which formally looks exactly like the input–output table but explores the dependency relations in terms of payments and intermediation relations. Consistency analysis explores the consistency of plans of buyers and sellers ...

  9. Theory of the firm - Wikipedia

    en.wikipedia.org/wiki/Theory_of_the_firm

    The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market. [1] Firms are key drivers in economics, providing goods and services in return for monetary payments and rewards.