What is use of analytical tools in the modern economics, Microeconomics

Assignment Help:

What is use of analytical tools in the modern economics?

Analytical Tools:

Modern economics also gives different powerful analytical tools which are usually specified by geometrical or mathematical models. Benefits of such tools can assist us to analyze complicated economic behavior and phenomena by a simple diagram or mathematical structure into a model. Illustration are comprise:

a. The demand-supply curve model,

b. Samuelson’s overlapping generation model,

c. The principal-agent model, and

d. The game theoretical model.


Related Discussions:- What is use of analytical tools in the modern economics

Estimating the educational structure, Estimating the Educational Structure ...

Estimating the Educational Structure of the Labour Force in the Economy for the Target Year The educational levels of persons within each occupational structure for the base y

Show the environmental taxes, Q. Show the Environmental Taxes? Environm...

Q. Show the Environmental Taxes? Environmental Taxes: Taxes which are imposed on particular activities, or particular products, which are considered to be especially damaging t

Monopsony, what are the advantages of monopsony?

what are the advantages of monopsony?

International Quota Agreements , Define International Quota Agreements, •...

Define International Quota Agreements, • International Quota Agreements seek to prevent fall in commodity prices by regulating their supply. Under the quota agreement export quot

Price and output determination, Ask question #Minimum sources of monopoly10...

Ask question #Minimum sources of monopoly100 words accepted#

Tax incidence, if the inverse demand curve is p=120-Q and the marginal cost...

if the inverse demand curve is p=120-Q and the marginal cost constant at 10, how does the monopoly a specific tax of 10 per unif affect the monopoly optimum and welfare of consumer

Intermediate microeconomics, For each of following production functions, co...

For each of following production functions, comment on the ability to substitute capital for labor. Note that Q, K, and L denote output, capital, and labor respectively. A: B

Economics question im stuck with, The prevention of major swings in economi...

The prevention of major swings in economic activity can be handled most easily by the: A. Household sector B. business sector C. financial sector D. government sector why?

Land resources , Normal 0 false false false EN-IN X-N...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Explain term Markets , A market is nothing more or less than the locus of e...

A market is nothing more or less than the locus of exchange, it is not of necessity a place, but easily buyers and sellers coming together for transactions.   Transactions happen

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd