econweb.com

Rated 5.00(1) — econweb.com

14 animated graphs with voice overs take the user through an in-depth graphical exploration of consumer surplus, deadweight loss, derivation of marginal willingness to pay curves, and distortionary taxation. As animations unfold Professor Nechyba explains

Rated 0.00(0) — econweb.com

Animated and verbal exploration of topics began in Chapter 11 App are extended to multiple inputs. Cost curves and cost minimization are also considered. The importance of returns to scale is explored and how (if at all) it relates to the marginal product

Rated 0.00(0) — econweb.com

Animated and verbal exploration of market equilibrium in perfect competition and how such markets adjust when the equilibrium is disturbed by a change in conditions such as changes in demand and production costs. Overall industry equilibrium is traced...

Rated 5.00(1) — econweb.com

Animated and verbal exploration of General Equilibrium. Animated Edgeworth Box graphics are used to illustrate general equilibrium and disequilibrium in a competitive economy. A simple version of the Second Welfare Theorem is graphically illustrated...

Rated 0.00(0) — econweb.com

Taxes and subsidies, and the deadweight loss they generate are considered. The distinction between statutory and economic incidence is, of course, covered. The role of relative elasticities in determining economic incidence and deadweight loss is covered.

Rated 0.00(0) — econweb.com

Animated and verbal introduction to graphical optimization for consumers under various choice sets and budget constraints. A variety of possibly scenarios are considered and optimization under each is animated while Professor Nechyba gives audio explanati

Rated 5.00(1) — econweb.com

Income and Wealth effects are developed and explained in detail with animated graphs and audio explanations. As each animation unfolds Professor Nechyba explains the underlying Micro economics of Income and Wealth effects. In these graphs income is derive

Rated 0.00(0) — econweb.com

First of two Budget Constraint apps - animations and detailed audio explanations. Covers budget intercepts, slopes, changes in slopes and intercepts, kinked budget constraints and 3 good budgets.This app is designed to be of value for any intermediate...

Rated 5.00(1) — econweb.com

Description:Preferences and Indifference Curves - animations and detailed audio explanations. Covers various standard assumptions about preferences, how these assumptions translate into indifference curves. In part B, 3 dimensional utility functions...

Rated 5.00(1) — econweb.com

Monopoly, monopoly profit maximization, price discrimination (first, second and third-degree price discrimination) and natural monopoly are covered in this app using animated diagrams with accompanying voice overs. The first six diagrams are at the standa

Rated 0.00(0) — econweb.com

Animated and verbal exploration of derivation of producer choice and isoprofit lines. Then these are combined to show how the profit maximizing level of output might be chosen and how this level changes when wages and output prices change. The labor...

Rated 4.00(1) — econweb.com

Topics covered: Marginal cost, average cost, short run costs, long run costs, ATC, AVC, MC, Average Expenditure, supply curveAnimated and verbal exploration of short run and long run costs and how these affect firm behavior. We explore how the short...

Rated 0.00(0) — econweb.com

Animated and verbal exploration of surplus in competitive markets. Graphical derivation of consumer surplus, producer surplus and worker surplus are all shown. Relationship between surplus and profit is explored. A simple version of the First Welfare...

Rated 0.00(0) — econweb.com

Animated and verbal exploration of simple markets with price floors, price ceilings and non-price rationing. Demand elasticity including perfectly inelastic and perfectly elastic curves as well as constant elasticity demand curves is covered. This app...

Rated 0.00(0) — econweb.com

Externalities, both negative and positive are considered, as is the associated lost surplus and deadweight loss generated by externalities. The efficacy of corrections to such markets including Pigouvian taxes and subsidies as well as establishing markets

Rated 5.00(1) — econweb.com

Income and Substitution effects are developed and explained in detail. Each graph is drawn while while Professor Nechyba explains the underlying Micro economics of Income and Substitution effects in a variety of circumstances such as whether or not the...

Rated 0.00(0) — econweb.com

Animated and Audio graphical exploration of own-price and cross price demand, graphical derivation of labor demand and labor supply, graphical derivation of capital demand and capital supply. 11 animated graphs with audio explanation by Professor Thomas..

Rated 0.00(0) — econweb.com

Second of two Budget Constraint apps - animations and detailed audio explanations. Covers labor/leisure choice, saving and borrowing, intertemporal budgets and 3D budget.This app is designed to be of value for any intermediate micro economics student...

Rated 4.00(1) — econweb.com

Different Tastes and their Indifference Maps - animations and detailed audio explanations cover the indifference curves generated by several possible types of preferences such as Perfect Substitutes, Perfect Complements, Quasilinear and Homothetic Prefere