Teaching PowerPoints
1.1.1 Ceteris Paribus Assumption (Edexcel A-Level Economics Teaching PowerPoint)
- Level:
- A-Level
- Board:
- Edexcel
Last updated 14 Sept 2023
This editable and downloadable powerpoint looks at the ceteris paribus assumption.
The "ceteris paribus" assumption means "holding other things constant" or "all other things being equal." It is used to isolate the effect of a specific variable while keeping other relevant factors constant. This assumption allows economists to analyze the relationship between variables without the complications of other influencing factors.
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