Economic models generally consist of a set of mathematical equations that describe a theory of economic behavior. The aim of model builders is to include enough equations to provide useful clues about ...

Economic models generally consist of a set of mathematical equations that describe a theory of economic behavior. The aim of model builders is to include enough equations to provide useful clues about ...

He currently researches and teaches economic sociology and the social ... The Black-Scholes model is a mathematical equation used to calculate the fair price of financial instruments.

Bank of Canada economists have spent the past year scribbling down new equations and thinking about the structure of the economy. At its core, an economic model is a jumble of math built on top of ...

Three actions — debt reduction, a youth solidarity tax and limiting increases in public-sector salaries — that could lead to sustainable prosperity ...

Tinbergen helped develop the theory of underlying econometrics and the use of statistics to test economic theories. An innovator in macro-econometric modeling, Tinbergen developed multi-equation ...

Financial engineers have put too much faith in untested axioms and faulty models ... the relative role of concepts, equations and empirical data. Classical economics has no framework through ...