Talk:Real business cycle

Hi, I'm a newbie at Wikipedia, so this and New classical economics are my first stabs at articles... be kind!! I'm finding that I'm wanting to link to lots of things that don't already have articles - do the links I've put in deserve new articles or should they be explained within this article? Second, how much economic knowledge do we assume in explaining models, e.g. do I have to define agent? Cheers, --Geordieandy 15:10, 6 Mar 2004 (UTC)

Several good questions. . . Personally I aim my articles at a range of readers between advanced high school and advanced undergrad. This means that I have to build the models from the ground up, starting with the basics but continuing to an intermediate level. Except in rare cases, I stop before I get to the calculus but I assume a very basic knowledge of stats and algebra. See Welfare economics or Labour economics as two examples.

As for whether foundation concepts should be explained in each article or linked to a separate article, I would say that depends on how important the concept is to understanding the article. If the term is just used as a "for instance" or as background then a link would suffice. If the term is critical to understanding the article then a one or two sentence explanation would be useful (in addition to a link).

As to whether a concept deserves a seperate article or not, my rule of thumb is, if it will utimately fill more than one computer screen, then you should start a separate article. However there are exceptions. There are topics that fit so well with other topics that they should be put together in one article (for example consumer surplus, producers surplus, and government surplus are all in economic surplus.

As to knowing what to link to, you can take a look at list of economics topics and link to any of these when you have the opportunity.

I hope you like Wikipedia and decide to stay. mydogategodshat 00:39, 7 Mar 2004 (UTC)

Having said all that, I should point out that this is just my opinion. There are contributors that write at a lower level than I and some that write at a higher level. The desicion is yours. Diversity is one of Wikipedia's strengths. mydogategodshat 00:57, 7 Mar 2004 (UTC)

I added in a clarified definition for RBC plus a detailed description on economic fluctuations, the basic foundation of real business cycles. I also included more explanations for the dynamics for the RBC model. Rochecon 06:43, 12 May 2006 (UTC)