Maximizing Behavior
Indifference curves are a bit technical for introductory
economics, and hence any explanation of them is a bit
technical. Here is an explanation that lets you interact
with a graph:
plaza.mit.edu/econ/index.php?id=16
The exploration of indifference curves begun above
continues, and you can even derive three points on a demand
curve using it:
plaza.mit.edu/econ/index.php?id=17
Here is another high-tech look at deriving a demand curve
from indifference curves:
www.econmodel.com/classic/2goods.htm
Here is a short summary of some key starting points of behavioral economics:
tqe.quaker.org/2007/TQE153-EN-BehavioralEcon.html
Here is a short paper trying to explain why in-kind
transfers are so popular even though economists keep saying
that they are not as good as cash transfers:
www.voxeu.org/index.php?q=node/809
The Concise Encyclopedia of Economics gives a very
short explanation of present value:
www.econlib.org/library/Enc/PresentValue.html
Why do bond prices decrease when interest rates rise? The
Motley Fool explains one of the key relationships that
investors should know:
www.fool.com/foolu/askfoolu/2003/askfoolu030319.htm
The www.tutor2U.net site is from Britain and apparently
is quite popular. Here it gives an explanation of consumer
surplus:
http://www.tutor2u.net/economics/content/topics/marketsinaction/consumer_surplus.htm
Roger McCain, author of the on-line economics textbook
Essential Principles of Economics: A Hypermedia Text,
explains the paradox of value:
william-king.www.drexel.edu/top/prin/txt/much/Eco412.html
Steve Suranovic has a textbook on international trade on
the internet. Most of it is far more advanced than
CyberEconomics, but not its examination of producer
surplus:
internationalecon.com/Trade/Tch90/T90-6B.php
A short presentation of producer and consumer surplus
with some colorful graphs:
faculty.washington.edu/danby/bls324/surplus.html
These links were checked on July 4, 2008.
Copyright
Robert Schenk
Why
is this page here?
|