{"id":67,"count":0,"description":"In economics, a model is a theoretical construct representing economic processes by a set of variables and a set of logical and\/or quantitative relationships between them. The economic model is a simplified framework designed to illustrate complex processes, often but not always using mathematical techniques. Frequently, economic models posit structural parameters. Structural parameters are underlying parameters in a model or class of models.[1] A model may have various parameters and those parameters may change to create various properties. Methodological uses of models include investigation, theorizing, and fitting theories to the world.","link":"https:\/\/ipam-global.org\/staging\/4796\/topics\/mainstream-economic-models\/","name":"Mainstream Economic Models","slug":"mainstream-economic-models","taxonomy":"topic","meta":[],"_links":{"self":[{"href":"https:\/\/ipam-global.org\/staging\/4796\/wp-json\/wp\/v2\/topic\/67","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipam-global.org\/staging\/4796\/wp-json\/wp\/v2\/topic"}],"about":[{"href":"https:\/\/ipam-global.org\/staging\/4796\/wp-json\/wp\/v2\/taxonomies\/topic"}]}}