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  2. Economic model - Wikipedia

    en.wikipedia.org/wiki/Economic_model

    An economic model is a theoretical construct representing economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified, often mathematical, framework designed to illustrate complex processes. Frequently, economic models posit structural parameters. [1]

  3. Bioeconomics - Wikipedia

    en.wikipedia.org/wiki/Bioeconomics

    Bioeconomics (fisheries), the study of the dynamics of living resources using economic models; Bioeconomics (biophysical), the study of economic systems applying the laws of thermodynamics; Biological economics, the study of the relationship between human biology and economics; Bioeconomics, the social theory of Nicholas Georgescu-Roegen

  4. Homo economicus - Wikipedia

    en.wikipedia.org/wiki/Homo_economicus

    Homo economicus is a term used for an approximation or model of Homo sapiens that acts to obtain the highest possible well-being for themself given available information about opportunities and other constraints, both natural and institutional, on their ability to achieve their predetermined goals.

  5. Biological economics - Wikipedia

    en.wikipedia.org/wiki/Biological_economics

    Biological economics is an interdisciplinary field in which the interaction of human biology and economics is studied. The journal Economics and Human Biology covers the field and has an impact factor of 2.722.

  6. Problems with economic models - Wikipedia

    en.wikipedia.org/wiki/Problems_with_economic_models

    Or, the model may omit issues that are important to the question being considered, such as externalities. Any analysis of the results of an economic model must therefore consider the extent to which these results may be compromised by inaccuracies in these assumptions, and there is a growing literature debunking economics and economic models.

  7. Evolutionary economics - Wikipedia

    en.wikipedia.org/wiki/Evolutionary_economics

    Evolutionary economics is a school of economic thought that is inspired by evolutionary biology.Although not defined by a strict set of principles and uniting various approaches, it treats economic development as a process rather than an equilibrium and emphasizes change (qualitative, organisational, and structural), innovation, complex interdependencies, self-evolving systems, and limited ...

  8. Permanent income hypothesis - Wikipedia

    en.wikipedia.org/wiki/Permanent_income_hypothesis

    Until A Theory of Consumption Function, the Keynesian absolute income hypothesis and interpretation of the consumption function were the most advanced and sophisticated. [2] [3] In its post-war synthesis, the Keynesian perspective was responsible for pioneering many innovations in recession management, economic history, and macroeconomics.

  9. Behavioral economics - Wikipedia

    en.wikipedia.org/wiki/Behavioral_economics

    These developments spurred economists to reconsider how psychology could be applied to economic models and theories. [9] Concurrently, the Expected utility hypothesis and discounted utility models began to gain acceptance. In challenging the accuracy of generic utility, these concepts established a practice foundational in behavioral economics ...