Interactive graphs and explanations about key economic concepts for use in teaching and exploring

Supply Graphs Summing Two Supply Curves (textbook example) Individual and Market Supply with Many Identical Firms

Graphs Utility Maximization and Offer Curves for Different Utility Functions Demand and Engel Curves for Different Utility Functions Demand and Price Offer Curves: Cobb-Douglas Engel …

Euler Equation Graphs Euler Equation with Variable Tax Rates Euler Equation with Intertemporal Choice

Price Discrimination Graphs First-Degree Price Discrimination (new) First-Degree Price Discrimination (old) Second-Degree Price Discrimination: Game Tree Representation Second …

If the economy has k t = 5 0 kt =50 units of capital in period t t, it produces an output of y t = f (k t) = 5 0 0. 5 0 = 7. 0 7 yt = f (kt) = 500.50 =7.07

Graphs Direct Effect of a Demand Shift in One Market on Labor Demand (textbook example) Equilibrium Effect of a Demand Shift in One Market on Another Market (textbook example) …

Short-Run Macroeconomic Fluctuations The Phillips Curve Graphs Relations between AD/AS and the Phillips Curve Relationship between AD/AS, the Labor Market, and the Phillips Curve

Drag the point in the right-hand graph to see how the location of the indifference curve changes.

d (p) = a p = 1 6 p ⇒ d (8. 0) = 2. 0 0 d (p) = {a \over p} = {16 \over p} \Rightarrow d (8.0) = 2.00 d(p) = pa = p16 ⇒ d(8.0) = 2.00