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Economics
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- AP Microeconomics. What assumptions does the model of intertemporal choice makes that are not likely true in the real world and would make the model harder to use in practice?What are some examples of macroeconomics queation?Between neoclassical and heterodox how are these two similar and how are they different? What is the most significant difference between the two?
- Explain how a person’s interpretation of macroeconomic history could affect his view of macroeconomic policies?What is the purpose of macroeconomic models? How can a model of ice creamproduction be used to explain 50-fold income diferences across countries?What is a micro founded macroeconomic model? Why do we care about the predictions of these models?
- Define the neoclassical economic theory. List and explain it's main assumptions.How does a person’s interpretation of macroeconomic history affect his view of macroeconomic policy?4.What is meant by the term neoclassical counterrevo-lution? What are its principal arguments, and how valid do you think they are? Explain your answer.
