Ceteris Paribus

Note: I will separate each posts into an easy part and a hard part, indicated by a line. 

The easy definition: When you assume that nothing but the factors you are currently working on are changing. For example, if you're studying how the internet affects a student's procrastination skills,  you assumed that no other factors are affecting said student's procrastination skills, such as parties or hanging out with friends.

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 The nerd definition: Ceteris Paribus is one of the important building blocks for economic models. This assumption allows economists to predict things with at least a bit of certainty.

(Extended reading can be found under this sentence. You have been warned.)

It is virtually impossible to ace Economics class without this concept, because Ceteris Paribus (isn't that a mouthful? Let's just call it THE assumption.) raises the level of trustworthiness by creating a much more rigid framework.

Not something to be viewed from school.