场赞赏经济塑造的.pptVIP

Chapter One The Market --- Appreciating Economic Modeling The Purpose of this Chapter To begin to understand the art of building an economic model To begin to understand three basic elements of modeling in economics: – Purpose – Simplification through assumptions – Value judgment The Purpose of an Economic Model The purpose of an economic model is to help provide precise insights ( 精 确的洞察力） on a specific economic phenomenon. Thus: – Different phenomena needs different model; – Simplification by assumption is necessary An Illustration: Modeling the Apartment Market Purpose: How a