Guest Posted January 29, 2013 Report Share Posted January 29, 2013 I recently received back the corrected IA draft in microeconomics and what confused me was the comment by the teacher - I have no models of economic theory in margin notes of the article. What exactly are 'models of economic theory' because what I have are definitions of key terms regarding the article and complementary graphs where possible. Could You, please, explain and give examples?Thank You! Reply Link to post Share on other sites More sharing options...
Mc837 Posted January 30, 2013 Report Share Posted January 30, 2013 I don't have Business & Management as a subject but I think it's the following:You should have economic theories explained in your book. Generally, this is a theory brought up by one economist whose name it bears. For example, the Keynesian economic theory model which uses, well, Keynesian principles. A model is a way of representing the economy of, say, a country. So using a model is a way to explain the theory AND the economic state.Hope this helped! Reply Link to post Share on other sites More sharing options...
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