Table 6.1 lists the economic phenomena of interest for the six archetypal problems introduced in Chapter 2 and discussed in Chapter 3. All of these phenomena are concerned with demand, supply, prices, costs, and investments. This chapter addresses the state of knowledge in representing these phenomena.
Table 6.1 Economic Phenomena Associated with Archetypal Problems
|Counterfeit parts||Macroeconomics of defense acquisition||Economic, macroeconomics|
|Financial system||Macroeconomics of demand and supply of investment products in general||Economic, macroeconomics|
|Healthcare delivery||Macroeconomics of demand, supply, and payment practices for healthcare||Economic, macroeconomics|
|Counterfeit parts||Microeconomics of supplier firms, including testing||Economic, microeconomics|
|Financial system||Microeconomics of firms creating specific investment products||Economic, microeconomics|
|Financial system||Microeconomics of risk and return characteristics of specific investment products||Economic, microeconomics|
|Financial system||Microeconomics of investor demand and prices of specific investment products||Economic, microeconomics|
|Healthcare delivery||Microeconomics of providers' investments in capacities to serve demand||Economic, microeconomics|
The next two sections review concepts and models of microeconomics and macroeconomics, respectively. Within microeconomics, the theory of the firm and the theory of the market ...