General Equilibrium Simulation for Microeconomics
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Description
Teaching general equilibrium analysis to students is challenging. General equilibrium models are typically accessible to only a small handful of mathematically well prepared students. Yet the growing significance of general equilibrium models in economics challenges instructors to find ways to make these models accessible to undergraduate students. The simulation gives microeconomics instructors an alternative to the traditional Edgeworth box graphical presentation. The simulation, with sample parameter files, is implemented with a Java applet available at General Equilibrium Simulations. The developers of the simulation are Walter Nicholson and Frank Westhoff at Amherst College. Less
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Topics and Grades
Grade: Undergraduate to Graduate
Topics: Professional Development, History-Social Science, Economics
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Resource Type/Classification:
- Teacher Materials
Tool for: Teachers