Economic man represents a rational actor, aiming to maximize utility and satisfaction. Discover his role and the impact the concept has in economic theories and models.
Positive economics is a fact-based analysis of what is occurring in an economy, without making prescriptions of what should or should not be happening.
Digitalization is transforming everything, and as a part of this, the technology-driven economic model (TDEM) continues to evolve. You may have heard of this model as a technology-based economy model.
The report warns many economic models are failing to capture extreme weather events and rising uncertainty likely to dominate impacts in a hotter world.