An Introduction to The Hybrid Economics Models

Abstract

The rationale of hybrid economic models revolves around the efficacy of multidimensional mathematical modeling and graphs as the most effective tools to understand any economic problem from a multidimensional view. The main motivation behind the creation of hybrid economic models is to evaluate multidimensional mathematical modeling and graphs evolved so far in economics and to develop new types of multidimensional models and graphs to facilitate the study of socio-economic problems, as well as finance and business. In doing so, the mission of hybrid economic models is to offer academics, researchers and policy makers an alternative multidimensional mathematical modeling and graphical modeling approach for the research and teaching-learning process of economics, finance, and business. Hence, this alternative multidimensional mathematical modeling and graphical modeling approach offers a set of models to build different types of multidimensional mathematical economic modeling and graphs to study and solve any socio-economic problem.

Keywords: Economic Modeling, Hybrid Economic Models, Policy Modeling

JEL Classification: A1, A10