An Introduction to Alternative Experimental Models in Monitoring Economic Failures

15 Pages Posted: 12 Dec 2013

See all articles by Mario Arturo Ruiz Estrada

Mario Arturo Ruiz Estrada

University of Malaya (UM) - Faculty of Economics & Administration (FEA)

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Date Written: December 12, 2013

Abstract

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

Suggested Citation

Ruiz Estrada, Mario Arturo, An Introduction to Alternative Experimental Models in Monitoring Economic Failures (December 12, 2013). Available at SSRN: https://ssrn.com/abstract=2366693 or http://dx.doi.org/10.2139/ssrn.2366693

Mario Arturo Ruiz Estrada (Contact Author)

University of Malaya (UM) - Faculty of Economics & Administration (FEA) ( email )

Kuala Lumpur, 50603
Malaysia
+60126850293 (Phone)

HOME PAGE: http://ssrc.um.edu.my/

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