Economic Feedback Loops

2018-06-19T18:02:50+00:00

Economic Feedback Loops How complex systems like businesses and economies change over time is studied within the domain of system dynamics that came out of MIT during the 50’s and 60’s. Central to this area is the idea of feedback loops, which we explore in this article, as we talk about positive and negative feedback, [...]

Economic Feedback Loops 2018-06-19T18:02:50+00:00

Economic Systems Dynamics

2018-06-19T18:03:07+00:00

Economic Systems Dynamics How economies develop over time is a very complex issue that has continued to evade our true understanding of. One approach to this question is through the use of models from systems dynamics, which is a systems-based approach that tries to look at and model whole complex systems through understanding the types [...]

Economic Systems Dynamics 2018-06-19T18:03:07+00:00

Economic Theory

2017-05-05T09:41:20+00:00

In this paper, we outline some of the major considerations involved in the study of economics, including trying to understand the logic behind the decision making of agents, theories of economic value and the idea of intrinsic and extrinsic value.

Economic Theory 2017-05-05T09:41:20+00:00

Economic Agents

2017-05-03T22:45:45+00:00

In this article, we will be exploring two different models given for agents within an economic context. We will talk about how standard economics offers this model of the rational individual sometimes called homo economicus, and we will draw upon the new area of behavioral economics which presents an alternative model to human behavior within an economic context.

Economic Agents 2017-05-03T22:45:45+00:00

Value Theory

2018-06-19T20:15:11+00:00

Value theory within economics represents all theories that try to define what economic value is, where it comes from, why goods and services are priced the way they are and how to calculate some form of objective price; if such a value exists

Value Theory 2018-06-19T20:15:11+00:00

Incentive Systems

2018-06-19T20:16:00+00:00

The study of incentives is one of the central topics in microeconomics - incentives to work hard, to produce quality products, to study, to invest, to save, etc. How to design institutions that provide good incentives for economic agents has become a central question of economics. Behind this though is the idea of motivation, that is to say, what motives do economic agents operate under.

Incentive Systems 2018-06-19T20:16:00+00:00

Economic Networks

2018-06-19T20:16:19+00:00

Over the past few decades with the rise of information technology and globalization, the global economy has become networked on many different levels. Both its technological infrastructure and its institutional superstructure have become increasingly integrated into dense, multimodal networks, from the micro level of individual organizations all the way up to the global level through global cities and the global supply chains that they enable.

Economic Networks 2018-06-19T20:16:19+00:00