Learn the economic model definition and explore the uses of economic models. Study economic model examples, such as the classical model and business cycles.

Learn about the circular flow of economic activity and see how it enables the flow of money. Understand the three-sector circular flow model with government.

Learn the definition and significance of the circular flow model in economics and how it applies to real life. Understand and be able to apply the...

Rostow's Stages of Economic Growth, or Rostow's Modernization Model, was published in 1960, detailing the steps that should be taken by a country to properly develop.

Explore the economic model, its uses, and examples in this simplified yet effective lesson. Watch now to see why Study.com has thousands of 5-star reviews!

Economic models are condensed examples of economic properties that are used to analyze and predict economic variables. Explore models of...

Learn all about economic growth. Read a detailed definition of economic growth, learn the theories of economic growth, and see the importance of this concept.

Learn about the Classical Model and the Keynesian Model of the economy. Study Classical economics versus Keynesian economics and understand their differences.

In economics, the circular flow model demonstrates how resources, money, credit, goods, and services move through the economy. Learn more about this concept's definition and look at some examples ...

Study the definition of classical economics. Understand how classical economic theory is applied, and review classical economists and their contributions.