Economic Models

Explore the groundbreaking contributions of Jan Tinbergen in the field of economics, his pioneering work in econometrics, and his influential theories on economic policy and income distribution.

Discover the game theory strategy of tit for tat, emphasizing mutual cooperation and its applications in various fields including economics, biology, and trade.

Dive into the indispensable economic principle of the guns-and-butter curve that unveils the delicate balance between military and domestic expenditures, opportunity costs, and the vital lessons of history regarding production space.

Explore the essence of endogenous variables, their significance in economic modeling, and unravel complex relationships within statistical models using engaging examples.

Discover how the equation of exchange reveals critical relationships in the economy between money supply, velocity of money, price levels, and expenditures.