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Research draft

economics

vr.tr.economics · INF.KNW

Let an agent handle economics as a discipline with fields, models, data and contested policy views, and never give personalised financial advice.

Thing Registry Information and virtual systems

Research draft, second pass

A second pass drafted this model: the structure a model of this thing needs, and what is known about it in the world. The line under this one says how the second half was obtained - researched against sources, or recalled without web access, in which case nothing here was read anywhere and every claim is a lead to verify. Unreviewed either way.

written by Claude from model knowledge without web access - no source was read, every claim is a lead to verify

Researched by: Claude

Purpose and description

Let an agent handle economics as a discipline with fields, models, data and contested policy views, and never give personalised financial advice.

The social science that studies how people, firms and governments produce, distribute and consume goods and services under scarcity, including markets, money, growth and policy.

What it is for: Understanding and improving how resources are used and distributed.

It can be study and teach it; model and forecast; measure economies, with official statistics; advise policy.

Distinguishing features

Studies choice under scarcity

Micro and macro levels

Relies on models and data with assumptions

Policy conclusions are often contested

What it looks like

Statistics, charts, models, reports and policy papers.

How it is recognised

Indicators such as GDP, inflation, unemployment

Economic models and forecasts

Country income classifications such as the World Bank groups

Related models

is a kind of - discipline

social science

studies - subjects

money, market, trade

uses - models

mathematics

informs - use

government policy

In practice

Families and kinds

microeconomics

macroeconomics

development economics

behavioural and neuroeconomics

public economics

transport, labour and other applied fields

Identifiers

JEL code letter plus digits Journal of Economic Literature classification

Standards and regulation

System of National Accounts (SNA 2008)

Official statistics codes of practice

Central bank mandates

Failure modes and hazards

Presenting forecasts as certain

Ignoring model assumptions

Using indicators without definitions

Giving personalised financial advice

Also called

World Bank high-income economypublic policy and governancecomparative economic systemsmonetary stabilityneuroeconomicstransport economicsapplied economicsforensic economicsexperimental economicsdigitization economicseconomic governancehistorical costeconomic geographypolitical arithmeticCognitive economicsrail economicstaxation and revenue in economicsindustrial economicstourism economicsagricultural economicsfrancologyprovider underpaymentrare disastermuseum economicsMāori economicsrelational economic geographytourism geographybiotech clustercommercial geographygeography of financenew economic geographygeography of telecommunicationsagricultural geographygeodemographyTheoretical economic geographypublic health economicsfamily economicseconomic sociologycultural economicsecological economics

+126

Where this came from

wikidata · CC0 1.0

Source repository Registry entry point

Also registered as vr.tr.economics

Drafted structure

Bundle to layer to finding to question, as the second pass will find it: 4 bundles · 8 layers · 8 findings · 16 questions.

Field Which part of economics.

Field locates a question.

Area

Micro, macro, applied.

Area

The field.

  1. Which field of economics does this belong to? definition
  2. Which JEL code? provenance

School of thought

Approaches.

School

Theoretical approach.

  1. Which school of thought frames this view? provenance
  2. What do other schools say? boundary
Data Measuring economies.

Indicators need definitions and sources.

Indicators

GDP, inflation.

Indicators

Indicator values.

  1. What is the value, for which period, from which official source? provenance
  2. How is the indicator defined? definition

Revisions

Data changes.

Revisions

Revisions to data.

  1. Has this figure been revised? provenance
  2. How large are typical revisions? measurement
Models Theory and forecasts.

Models depend on assumptions.

Assumptions

Model premises.

Assumptions

Key assumptions.

  1. What assumptions does this model make? definition
  2. How sensitive are results to them? boundary

Forecasts

Predictions.

Forecasts

Forecast and uncertainty.

  1. What is forecast, by whom, with what uncertainty? provenance
  2. How accurate have past forecasts been? measurement
Policy Using economics.

Policy advice is contested and must be balanced.

Options

Policy choices.

Options

Options and trade-offs.

  1. What policy options exist, and what are their trade-offs? definition
  2. Who gains and who loses? boundary

Advice limits

Personal finance.

Advice limits

What not to advise.

  1. Is the user asking for personal investment advice? boundary
  2. How should the agent respond? action

What the second pass must settle

  • Should fields be separate entries by JEL code?
  • How should agents present contested policy debates?
  • How should indicator definitions be linked?
Draft as JSON