O'Reilly logo

Modeling and Visualization of Complex Systems and Enterprises: Explorations of Physical, Human, Economic, and Social Phenomena by William B. Rouse

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 6ECONOMIC PHENOMENA

INTRODUCTION

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

Problem Phenomena Category
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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required