Economic man represents a rational actor, aiming to maximize utility and satisfaction. Discover his role and the impact the concept has in economic theories and models.

Explore whether economics can be considered a science, analyzing its classification, testability, and consensus within social science debates.

Spatial econometrics addresses the challenges posed by spatially correlated data, enabling researchers to understand and quantify how economic phenomena in one location can influence those in ...

The White House says the Federal Reserve underestimates productivity gains. Not so, says Fed Chair Jerome Powell.

The report warns many economic models are failing to capture extreme weather events and rising uncertainty likely to dominate impacts in a hotter world.

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

Wiley is a global provider of content and content-enabled workflow solutions in areas of scientific, technical, medical, and scholarly research; professional development; and education. Our core ...

If the benefit of long-term social projects to tackle climate change is heavily discounted, the investment appears less attractive.

This course, presented by the Institute for Capacity Development, gives government officials a rigorous foundation estimating of macro-econometric models and their application for nowcasting, ...