范里安 现代观点 ch01.pptVIP

Chapter One The Market Economic Modeling What causes what in economic systems? At what level of detail shall we model an economic phenomenon? Which variables are determined outside the model (exogenous) and which are to be determined by the model (endogenous)? Modeling the Apartment Market How are apartment rents determined? Suppose apartments are close or distant, but otherwise identical distant apartments rents are exogenous and known many potential renters and landlords Modeling the Apartment Market Who will rent close apartments? At what price? Will the allocation of apartments be desira