Topics
Ceteris Paribus
To simplify analysis, economists isolate the relationship between two variables by assuming ceteris paribus – i.e. all other influencing factors are held constant. For example, “an increase in real income will cause an increase in demand, ceteris paribus.” Here we keep constant all other factors that might lead to a change in demand for a product.
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1.1.1 Economics as a Social Science (Edexcel)
Study Notes
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1.1.1 Ceteris Paribus Assumption (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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The Ceteris Paribus Assumption
Topic Videos
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What is an Economic Model?
Study Notes
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Nature of Economics - Introductory Concepts
Study Notes
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Economic Foundations quiz - use this with new Economics students
4th September 2017