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I think it's important to teach the IS-LM model as a starting point, because done right, it makes it clear that what we're basically doing is the minimal model that has goods, bonds, and money — that there is nothing arbitrary about the whole thing, that this is basically what you have to do if you want a minimal model of the things that matter for short-run macro.
Finally, a minimal model that is consistent with the second derivative criterion is formulated.
The CIR model is a minimal model that has a stationary distribution with exact mean and variance [34, 35].
The Goodwin oscillator [33] is a minimal model that describes the oscillatory negative feedback regulation of a protein which inhibits its own transcription.
Note that we explore here the minimal model that contains just one type of activator of each type of curvature (concave and convex), while in the real cell many different proteins of both curvatures coexist and may play a role in CDR formation, as we indicate in Text S1.
The three-dimensional (3D) method proposed by Arvanitogiannis and Shizgal [28] is grounded in a "minimal model" that ties behavioral allocation to the intensity and costs of reward (Fig. 3a), providing a rigorous framework for interpreting drug-induced shifts in the reward mountain.
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In contrast, the Elowitz lab constructs minimal models that do not attempt to represent any particular naturally evolved genetic circuits.
We review recent results showing that strongly correlated population codes can be explained using minimal models that rely on low order relations among cells.
Besides these, some minimal models that include C-peptide kinetics were also proposed for determining insulin secretion (S25, S39 S41) and hepatic insulin extraction (S42 S43).
Moreover, eight studies (29%) did not report exact P values in their minimal models that would have allowed for later P value adjustment.
We have found that the minimal models that rely only on individual traits and pairwise correlations between animals are not enough to capture group behavior, but that models that include third-order interactions give a very accurate description of the group.
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