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68 relations: Adaptive expectations, Agent (economics), Agent-based computational economics, Agent-based model, Aggregate data, Budget constraint, Business cycle, Comparative statics, Computational economics, Dynamic stochastic general equilibrium, Dynamical system, Econometrica, Econometrics, Economic forecasting, Economic growth, Economic model, Economica, Economics, Economist, Economy, Edmund Phelps, Employment, Fiscal policy, Forecasting, Goods, Gross domestic product, History of macroeconomic thought, IS–LM model, Jan Tinbergen, Journal of Political Economy, Journal of Public Economics, Keynesian economics, Lawrence Klein, Lucas critique, Macroeconomics, Mathematical model, Mathematical optimization, Microfoundations, Milton Friedman, Monetary policy, Mundell–Fleming model, Nash equilibrium, National Income and Product Accounts, Neoclassical economics, Netherlands, Network effect, New Keynesian economics, Nobel Memorial Prize in Economic Sciences, Phillips curve, Preference, ..., Price level, Production function, Ramsey–Cass–Koopmans model, Rational expectations, Real business-cycle theory, Representative agent, Robert Lucas Jr., Social welfare function, Strategy (game theory), The American Economic Review, The Review of Economics and Statistics, Think tank, Thomas F. Cooley, Time series, United Kingdom, United States, Wharton Econometric Forecasting Associates, 1973–75 recession. Expand index (18 more) »
Adaptive expectations
In economics, adaptive expectations is a hypothesized process by which people form their expectations about what will happen in the future based on what has happened in the past.
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Agent (economics)
In economics, an agent is an actor and more specifically a decision maker in a model of some aspect of the economy.
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Agent-based computational economics
Agent-based computational economics (ACE) is the area of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents.
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Agent-based model
An agent-based model (ABM) is a class of computational models for simulating the actions and interactions of autonomous agents (both individual or collective entities such as organizations or groups) with a view to assessing their effects on the system as a whole.
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Aggregate data
In statistics, aggregate data are data combined from several measurements.
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Budget constraint
A budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income.
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Business cycle
The business cycle, also known as the economic cycle or trade cycle, is the downward and upward movement of gross domestic product (GDP) around its long-term growth trend.
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Comparative statics
In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter.
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Computational economics
Computational economics is a research discipline at the interface of computer science, economics, and management science.
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Dynamic stochastic general equilibrium
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a method in macroeconomics that attempts to explain economic phenomena, such as economic growth and business cycles, and the effects of economic policy, through econometric models based on applied general equilibrium theory and microeconomic principles.
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Dynamical system
In mathematics, a dynamical system is a system in which a function describes the time dependence of a point in a geometrical space.
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Econometrica
Econometrica is a peer-reviewed academic journal of economics, publishing articles in many areas of economics, especially econometrics.
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Econometrics
Econometrics is the application of statistical methods to economic data and is described as the branch of economics that aims to give empirical content to economic relations.
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Economic forecasting
Economic forecasting is the process of making predictions about the economy.
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Economic growth
Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.
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Economic model
In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them.
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Economica
Economica is a peer-reviewed academic journal of generalist economics published on behalf of the London School of Economics by Wiley-Blackwell.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Economist
An economist is a practitioner in the social science discipline of economics.
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Economy
An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution, or trade, and consumption of goods and services by different agents.
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Edmund Phelps
Edmund Strother Phelps, (born July 26, 1933) is an American economist and the winner of the 2006 Nobel Memorial Prize in Economic Sciences.
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Employment
Employment is a relationship between two parties, usually based on a contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.
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Fiscal policy
In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.
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Forecasting
Forecasting is the process of making predictions of the future based on past and present data and most commonly by analysis of trends.
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Goods
In economics, goods are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.
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Gross domestic product
Gross domestic product (GDP) is a monetary measure of the market value of all final goods and services produced in a period (quarterly or yearly) of time.
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History of macroeconomic thought
Macroeconomic theory has its origins in the study of business cycles and monetary theory.
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IS–LM model
The IS–LM model, or Hicks–Hansen model, is a macroeconomic tool that shows the relationship between interest rates (ordinate) and assets market (also known as real output in goods and services market plus money market, as abscissa).
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Jan Tinbergen
Jan Tinbergen (April 12, 1903June 9, 1994) was an important Dutch economist.
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Journal of Political Economy
The Journal of Political Economy is a bimonthly peer-reviewed academic journal published by the University of Chicago Press.
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Journal of Public Economics
The Journal of Public Economics is a monthly peer-reviewed academic journal covering public economics, with particular emphasis on the application of modern economic theory and methods of quantitative analysis.
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Keynesian economics
Keynesian economics (sometimes called Keynesianism) are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand (total demand in the economy).
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Lawrence Klein
Lawrence Robert Klein (September 14, 1920 – October 20, 2013) was an American economist.
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Lucas critique
The Lucas critique, named for Robert Lucas's work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationships observed in historical data, especially highly aggregated historical data.
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Macroeconomics
Macroeconomics (from the Greek prefix makro- meaning "large" and economics) is a branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole.
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Mathematical model
A mathematical model is a description of a system using mathematical concepts and language.
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Mathematical optimization
In mathematics, computer science and operations research, mathematical optimization or mathematical programming, alternatively spelled optimisation, is the selection of a best element (with regard to some criterion) from some set of available alternatives.
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Microfoundations
In economics, the term microfoundations refers to the microeconomic analysis of the behavior of individual agents such as households or firms that underpins a macroeconomic theory (Barro, 1993, Glossary, p. 594).
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Milton Friedman
Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy.
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Monetary policy
Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.
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Mundell–Fleming model
The Mundell–Fleming model, also known as the IS-LM-BoP model (or IS-LM-BP model), is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming.
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Nash equilibrium
In game theory, the Nash equilibrium, named after American mathematician John Forbes Nash Jr., is a solution concept of a non-cooperative game involving two or more players in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only their own strategy.
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National Income and Product Accounts
The national income and product accounts (NIPA) are part of the national accounts of the United States.
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Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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Netherlands
The Netherlands (Nederland), often referred to as Holland, is a country located mostly in Western Europe with a population of seventeen million.
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Network effect
A network effect (also called network externality or demand-side economies of scale) is the positive effect described in economics and business that an additional user of a good or service has on the value of that product to others.
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New Keynesian economics
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics.
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Nobel Memorial Prize in Economic Sciences
The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.
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Phillips curve
The Phillips curve is a single-equation empirical model, named after William Phillips, describing a historical inverse relationship between rates of unemployment and corresponding rates of rises in wages that result within an economy.
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Preference
A preference is a technical term in psychology, economics and philosophy usually used in relation to choosing between alternatives; someone has a preference for A over B if they would choose A rather than B.
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Price level
The general price level is a hypothetical daily measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.
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Production function
In economics, a production function relates quantities of physical output of a production process to quantities of physical inputs or production function refers as the expression of the technological relation between physical inputs and outputs of the goods.
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Ramsey–Cass–Koopmans model
The Ramsey–Cass–Koopmans model, or Ramsey growth model, is a neoclassical model of economic growth based primarily on the work of Frank P. Ramsey, with significant extensions by David Cass and Tjalling Koopmans.
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Rational expectations
In economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the model's predictions as valid.
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Real business-cycle theory
Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations to a large extent can be accounted for by real (in contrast to nominal) shocks.
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Representative agent
Economists use the term representative agent to refer to the typical decision-maker of a certain type (for example, the typical consumer, or the typical firm).
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Robert Lucas Jr.
Robert Emerson Lucas Jr. (born September 15, 1937) is an American economist at the University of Chicago.
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Social welfare function
In welfare economics, a social welfare function is a function that ranks social states (alternative complete descriptions of the society) as less desirable, more desirable, or indifferent for every possible pair of social states.
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Strategy (game theory)
In game theory, a player's strategy is any of the options he or she can choose in a setting where the outcome depends not only on his own actions but on the action of others.
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The American Economic Review
The American Economic Review is a peer-reviewed academic journal of economics.
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The Review of Economics and Statistics
The Review of Economics and Statistics is a peer-reviewed academic journal covering applied quantitative economics.
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Think tank
A think tank, think factory or policy institute is a research institute/center and organisation that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture.
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Thomas F. Cooley
Thomas Ferguson Cooley (born January 3, 1943) is the Paganelli-Bull Professor of Economics at the New York University Stern School of Business.
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Time series
A time series is a series of data points indexed (or listed or graphed) in time order.
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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain,Usage is mixed with some organisations, including the and preferring to use Britain as shorthand for Great Britain is a sovereign country in western Europe.
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United States
The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
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Wharton Econometric Forecasting Associates
Wharton Econometric Forecasting Associates, Inc (WEFA Inc) was a world-leading economics forecasting and consulting organisation founded by Nobel Prize winner Dr. Lawrence R. Klein.
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1973–75 recession
The 1973–75 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall Post–World War II economic expansion.
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Business cycle model, Business cycle models, Macroeconomic Model, Macroeconomic modelling, Macroeconomic models, Model (macroeconomics), Model macroeconomics.
References
[1] https://en.wikipedia.org/wiki/Macroeconomic_model
