Bretton Woods, Past and Present: 3. Models in Economics

Bretton Woods, Past and Present: 3. Models in Economics

Assessment

Interactive Video

Business, Information Technology (IT), Architecture

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the importance of models in economics, emphasizing the need for models to predict accurately and the significance of assumptions. It highlights the role of models as tools for clarity and research, using Keynes' theories as examples. The characteristics of a good model, including realism and parsimony, are explored, along with the limitations and progress in modeling.

Read more

1 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF