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The economic model forecasting involves estimating several simultaneous equations which are generally behavioural equation mathematical identities and market clearing equations.The econometric model techniques is known also as simultaneous equation methods and complete system approach to forecasting. This techniques uses mathematical and statistical tools.
the sources of market failure
explain how macro and micro issues may be represented using production possibility curve
could a nations production possibilities curve ever shift inward
Income and Substitution Effects: Normal Good * The Special Case--The Giffen Good - The income effect may be large enough theoretically to cause the demand c
sequential game
Consider a decision faced by a cattle breeder. The breeder must decide how many cattle he should sell in the market each year and how many he should retain for breeding purposes.
How equilibrium is achieved under monopoly
different types of production funtion and curve given by different economist
what is the definition of economic system?
illustration for demand of big macs using indifference curve and budget line
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