Alternatives and Supplements: Fun on the Internet

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: plaza.mit.edu/econ/index.php?id=16 Deriving Demand 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 Quasi-Rationality Here is a short summary of some key starting points of behavioral economics: tqe.quaker.org/2007/TQE153-EN-BehavioralEcon.html 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: www.voxeu.org/index.php?q=node/809 Present Value The Concise Encyclopedia of Economics gives a very short explanation of present value: www.econlib.org/library/Enc/PresentValue.html Bond Prices 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 Consumers' Surplus 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 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: william-king.www.drexel.edu/top/prin/txt/much/Eco412.html 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: internationalecon.com/Trade/Tch90/T90-6B.php Producers' and Consumers' Surplus Illustrated 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?