Greetings to everyone in this excellent community. This is my first post and introduction to everyone who makes a living in this community. @newton666, I am an economist. I graduated in 2003 from the University of Zulia, Maracaibo, Zulia State, Venezuela. I have been teaching at the School of Public Accounting, Engineering, and Agricultural Business Administration at UNESUR, the University of Southern Lake Zulia, for over 8 years. It's good to know a community that shares content on economics and its impact, new paradigms, economic policy, and economic models.
Let's get into the topic in a very singgar way, as my favorite words, where I start with the following, my fellow readers: economic models are key tools for managing, predicting, and evaluating small-scale economic issues. Its setup is about making sense of the madness that continues with people and markets, by breaking it down into clear ideas that allow us to develop different situations and discover the best moves.  [Pixabay](https://pixabay.com/illustrations/dollar-course-dollar-rate-tendency-544956/)
From the old-school model to post-Keynesian and structural Latin American approaches, each theory presents a unique version of how resources are used, how money is distributed, and the role of government in the economy.
The impact of these models on the real economy is twofold: on the one hand, they guide the design of public policies and business strategies; on the other, they influence the interpretation of economic indicators and the dominant narrative in specialized media.
For example, the neoliberal approach, which champions market efficiency and minimal government interference, has shaped structural changes focused on increasing trade openness and loosening financial rules, leading to a mixed bag of outcomes for economic growth, social justice and well-being, and increasing the purchasing power of the currency in circulation in a country's economy.
But using economic models without thinking can undermine the analysis and lead to poor choices. Understanding economics must take into account history, culture, and politics, so models must be modified to fit each country's unique situation, recognizing the limits of their assumptions and adding elements such as institutions, the environment, and technology that play a role in sustainable growth.
As an economist committed to the intersection of theory and practice, I believe the true value of models lies in their ability to generate interdisciplinary dialogue, promote critical thinking, and guide creative solutions to structural challenges.
More than just one-size-fits-all recipes, we need to think of models as adaptable guides that help us navigate the messy world of economics with smart, thoughtful, and forward-thinking moves.
Let's get into the topic in a very singgar way, as my favorite words, where I start with the following, my fellow readers: economic models are key tools for managing, predicting, and evaluating small-scale economic issues. Its setup is about making sense of the madness that continues with people and markets, by breaking it down into clear ideas that allow us to develop different situations and discover the best moves.  [Pixabay](https://pixabay.com/illustrations/dollar-course-dollar-rate-tendency-544956/)
From the old-school model to post-Keynesian and structural Latin American approaches, each theory presents a unique version of how resources are used, how money is distributed, and the role of government in the economy.
The impact of these models on the real economy is twofold: on the one hand, they guide the design of public policies and business strategies; on the other, they influence the interpretation of economic indicators and the dominant narrative in specialized media.
For example, the neoliberal approach, which champions market efficiency and minimal government interference, has shaped structural changes focused on increasing trade openness and loosening financial rules, leading to a mixed bag of outcomes for economic growth, social justice and well-being, and increasing the purchasing power of the currency in circulation in a country's economy.
But using economic models without thinking can undermine the analysis and lead to poor choices. Understanding economics must take into account history, culture, and politics, so models must be modified to fit each country's unique situation, recognizing the limits of their assumptions and adding elements such as institutions, the environment, and technology that play a role in sustainable growth.
As an economist committed to the intersection of theory and practice, I believe the true value of models lies in their ability to generate interdisciplinary dialogue, promote critical thinking, and guide creative solutions to structural challenges.
More than just one-size-fits-all recipes, we need to think of models as adaptable guides that help us navigate the messy world of economics with smart, thoughtful, and forward-thinking moves.