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Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever...

Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever done before. Also, suppose you do not have a specific model for analyzing that issue. What should you do? Hint: What would a carpenter do in a similar situation?

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I should make my own model to analyze the particular issues with whatever means and date resources I possess. The model should be such that it closely emulates real life observations. After the economic issue has been modeled, it can easily be analyzed and explained. This is how all economic models have been developed over the years.

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