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...

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!

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.

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.

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 …

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

Explore economic fluctuations. See economic fluctuations definition and understand its different causes. Discover the uses of the economic fluctuations model.