Linear stages theory, Structural-change model (Lewis two-sector model), International dependence/dominance model, Neoclassical model How do the contemporary models differ from the previous models?  Coordination failures  Complementarity Why do these models emphasize multiple equilibria and what does it mean? What problems may prevent economy from moving from a bad equilibrium to a stable one? Need to understand that graph What are the big push and O-ring theories (important to have a broad or general understanding of the two theories?)

Linear stages theory, Structural-change model (Lewis two-sector model), International dependence/dominance model, Neoclassical model How do the contemporary models differ from the previous models?  Coordination failures  Complementarity Why do these models emphasize multiple equilibria and what does it mean? What problems may prevent economy from moving from a bad equilibrium to a stable one? Need to understand that graph What are the big push and O-ring theories (important to have a broad or general understanding of the two theories?)

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter1: The Role And Method Of Economics

Section: Chapter Questions

Problem 8P

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5 Linear stages theory, Structural-change model (Lewis two-sector model), International dependence/dominance model, Neoclassical model How do the contemporary models differ from the previous models?  Coordination failures  Complementarity Why do these models emphasize multiple equilibria and what does it mean? What problems may prevent economy from moving from a bad equilibrium to a stable one? Need to understand that graph What are the big push and O-ring theories (important to have a broad or general understanding of the two theories?)
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