For this discussion forum, begin by reading the following statement and decide whether you agree or disagree with the statement: “The use of simple models to explain complex economic systems is pointless.”

In a post of several paragraphs, discuss the reasons why you agree or disagree with the above statement. What evidence from the lesson or outside research can you find that supports your stand? How can you connect your argument with the terms and ideas we have studied in this lesson? Include in your post evidence for your stand, especially related to the reasons why economic models are used, assumptions behind economic models, the greater accuracy of more complex models, and the idea that models are often used to focus on one or two factors being studied. Also, consider the example of a model house or model airplane: these might not be “real,” but can we learn anything from these models? How do these models demonstrate the connections and relationships between consumers, producers, and other sectors of the economy?