Explore how the circular flow model illustrates money's movement through an economy, cycling from producers to consumers, influencing GDP.
The Nobel Memorial Prize in Economic Science was awarded today to two scholars who revolutionized the technique of statistically modeling national economies, stock markets, and other complex systems ...
This article appears in the April 2023 issue of The American Prospect magazine. Subscribe here. Economics is commonly described as the science of scarcity. We have limited resources, and we have to ...
Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...
New economic modeling shows that there is a near certainty that the economy will enter a recession within the next year. The news comes as the Federal Reserve continues its most aggressive tightening ...
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Economic Survey 2026: India is not running after big AI model, but follows a bottom-up AI approach
The Economic Survey 2025-2026 highlights India’s approach to the AI race. It underlines that unlike other nations, India is ...
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