Search results
Results From The WOW.Com Content Network
In economics, a Swan Diagram, also known as the Australian model (because it was originally published by Australian economist Trevor Swan [1] in 1956 to model the Australian economy during the Great Depression), represents the situation of a country with a currency peg. [2]
An atlas (U i, φ i) of homeomorphisms φ i from U i ⊂ M to open subsets of a topological space S is said to be compatible with a pseudogroup Γ provided that the transition functions φ j ∘ φ i −1 : φ i (U i ∩ U j) → φ j (U i ∩ U j) are all in Γ. A differentiable manifold is then an atlas compatible with the pseudogroup of C k ...
In economics, the "J curve" is the time path of a country’s trade balance following a devaluation or depreciation of its currency, under a certain set of assumptions. A devalued currency means imports are more expensive, and on the assumption that the volumes of imports and exports change little at first, this causes a fall in the current ...
Basic diagram of the circular flow of income. The functioning of the free-market economic system is represented with firms and households and interaction back and forth. [2] The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between ...
An example is shown in Fig. 6, where the purple line is the Pareto set corresponding to the indifference curves for the two consumers. The vocabulary used to describe different objects which are part of the Edgeworth box diverges.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
In mathematics, particularly topology, an atlas is a concept used to describe a manifold. An atlas consists of individual charts that, roughly speaking, describe individual regions of the manifold. In general, the notion of atlas underlies the formal definition of a manifold and related structures such as vector bundles and other fiber bundles .
In macroeconomics, the guns versus butter model is an example of a simple production–possibility frontier. It demonstrates the relationship between a nation's investment in defense and civilian goods. The "guns or butter" model is used generally as a simplification of national spending as a part of GDP. This may be seen as an analogy for ...