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  2. Circular flow of income - Wikipedia

    en.wikipedia.org/wiki/Circular_flow_of_income

    Basic diagram of the circular flow of income. The functioning of the free-market economic system is represented with firms and households and interaction back and forth. [2] The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between ...

  3. 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.

  4. Template:Infobox economy - Wikipedia

    en.wikipedia.org/wiki/Template:Infobox_economy

    An infobox for economies Template parameters [Edit template data] This template prefers block formatting of parameters. Parameter Description Type Status Country country Name of the country String optional Image image The name of the image file to display, without the "File:" prefix String optional GDP gdp Gross domestic product (typically nominal, unless stated otherwise) String optional GDP ...

  5. Robinson Crusoe economy - Wikipedia

    en.wikipedia.org/wiki/Robinson_Crusoe_economy

    A Robinson Crusoe economy is a simple framework used to study some fundamental issues in economics. [1] It assumes an economy with one consumer, one producer and two goods. The title " Robinson Crusoe " is a reference to the 1719 novel of the same name authored by Daniel Defoe .

  6. Category:Economics models - Wikipedia

    en.wikipedia.org/wiki/Category:Economics_models

    DAD–SAS model; Diamond–Dybvig model; Discrete choice; Dividend discount model; Dixit–Stiglitz model; Domar serfdom model; Double marginalization; Doughnut (economic model) Dual-sector model; Dynamic discrete choice

  7. Doughnut (economic model) - Wikipedia

    en.wikipedia.org/wiki/Doughnut_(economic_model)

    The name derives from the shape of the diagram, i.e. a disc with a hole in the middle. The centre hole of the model depicts the proportion of people that lack access to life's essentials (healthcare, education, equity and so on) while the crust represents the ecological ceilings (planetary boundaries) that life depends on and must not be ...

  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. Lucas islands model - Wikipedia

    en.wikipedia.org/wiki/Lucas_islands_model

    The Lucas islands model is an economic model of the link between money supply and price and output changes in a simplified economy using rational expectations. It delivered a new classical explanation of the Phillips curve relationship between unemployment and inflation. The model was formulated by Robert Lucas, Jr. in a series of papers in the ...

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