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Why models? --- simplified representations of reality—play a crucial role in economics Why models? --- simplified representations of reality—play a crucial role in economics

Why models? --- simplified representations of reality—play a crucial role in economics - PowerPoint Presentation

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Uploaded On 2018-11-21

Why models? --- simplified representations of reality—play a crucial role in economics - PPT Presentation

2 Two simple but important models production possibility frontierPPF circularflow diagram CFD 3 The difference between positive economics and normative economics 4 When economists agree and why they sometimes disagree ID: 731271

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