Compare how the Nordic model's high taxes fund social welfare with the U.S.'s lower taxes and limited social support, ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

Economic models provide formal representations of the interactions among agents, resources and institutions. At the macro level, models range from structural equation systems and dynamic stochastic ...

Bayesian Model Averaging (BMA) has emerged as a robust framework for addressing model uncertainty in empirical growth research. Rather than selecting a single ‘best’ specification, BMA combines the ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...

Learn how to connect research to real-world trends. Our M.S. in Applied Economics program prepares you to evaluate policies and programs, develop forecasts, better understand consumer behavior, and ...