Alternatives and Supplements: Fun on the Internet
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Maximizing Behavior

Indifference Curves

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:

Deriving Demand

The exploration of indifference curves begun above continues, and you can even derive three points on a demand curve using it:

Here is another high-tech look at deriving a demand curve from indifference curves:


Here is a short summary of some key starting points of behavioral economics:

In-Kind and Cash Transfers

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:

Present Value

The Concise Encyclopedia of Economics gives a very short explanation of present value:

Bond Prices

Why do bond prices decrease when interest rates rise? The Motley Fool explains one of the key relationships that investors should know:

Consumers' Surplus

The site is from Britain and apparently is quite popular. Here it gives an explanation of consumer surplus:

The Paradox of Value

Roger McCain, author of the on-line economics textbook Essential Principles of Economics: A Hypermedia Text, explains the paradox of value:

Producers' Surplus

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:

Producers' and Consumers' Surplus Illustrated

A short presentation of producer and consumer surplus with some colorful graphs:

These links were checked on July 4, 2008.

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Copyright Robert Schenk

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