An Introduction to Alternative Experimental Models in Monitoring Economic Failures
15 Pages Posted: 12 Dec 2013
Date Written: December 12, 2013
This paper proposes four alternative experimental models in monitoring economic failure such as the national production function (NP-Function), the trade creation and trade diversion effect under the application of multi-level analytical framework, the mega-economics structures vulnerability analysis (MSV-Analysis), and the mega-economic surface interactive system. All these four alternative experimental models are based on the uses of Econographicology. The main objective to propose these four models in economics is to analyze different macroeconomics scenarios simultaneously to monitoring and alerting possible unexpected economic failure(s) under the uses of a new mathematical frameworks and the application of multidimensional graphs.
Keywords: Econographicology, Economic Modeling, Macroeconomic Policy, Economic Teaching, Multi-Dimensional graphs and Multi-Dimensional Physical Spaces
JEL Classification: E60
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