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The Art of Building Economic Models

ByHomework Help Classof1

When you build a model, how do you know which details to include and which to leave out? There is no simple answer to this question. The right amount of detail depends on your purpose in building the model in the first place. There is, however, one guiding principle: This means that a model should contain only the necessary details.

Details

Publication Date
Jul 3, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Homework Help Classof1

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Format
PDF

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