Lect01192011

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Unformatted text preview: omy Today’s Economy 4 1/18/2011 3:42 PM Can we have export-led growth? Counterfactual To evaluate a policy (such as, exercising) compare the results with what would have what been in the absence of the policy been “Counterfactual”: what would have been in the Counterfactual” absence of the policy How do we know “what would have been”? been” We use “models” models” Administrative Matters Overview of Course Today’s Economy Today’s Economy Administrative Matters Overview of Course Today’s Economy Today’s Economy 5...
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This note was uploaded on 09/11/2012 for the course ECON 1 taught by Professor Martholney during the Spring '08 term at University of California, Berkeley.

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