Classic Economic Models

Microeconomics

Introduction
    Overview of Micro Models

Supply and Demand
    Basic Supply and Demand
    Who Pays a Sales Tax?
    The Cobweb Model
        and Inventory-Based Pricing
#

Theory of the Firm
    Perfect Competition#
    Monopoly / Monopolistic Competition
    Price Discrimination
    The Demand for Labor

Theory of the Consumer
    Two Goods - Two Prices#
NEW Intertemporal Substitution
    Labor Supply, Income Taxes,
        and Transfer Payments

International Trade
COMING Heckscher-Ohlin


NEW Macroeconomics Models and Issues.
Free macro web site / online textbook.  more info

NEW EconModel LINKS for the
free microeconomics textbook:
Introduction to Economic Analysis
by R. Preston McAfee
more info

The Economics Roundtable
The latest news and views.

The Econ Review
For a "charts and graphs" historical perspective on business cycles and other major economic events, check out The Econ Review at www.econreview.com.

Econ Clubs
Student organizations in economics at www.econclubs.com.

Economics Terms
Definitions for economics terms used on this web site.


 

Macroeconomics

Introduction
    Overview of Macro Models

Models in Chronological Order
    The Classical Model#
    The Simple Keynesian Model
    The Keynesian IS/LM Model#
    The Mundell-Fleming Model#
    Real Business Cycles
    The IS/MP Model
NEW The Solow Growth Model (free)

Financial Markets
    Utility-Based Valuation of Risk
    Mean-Variance Analysis:
        Risk vs. Expected Return

    Fixed Income Securities:
        Mortgage/Bond Calculator
(free)
    Growth Investments:
        Present Value Calculator
(free)


NEW Printable PDF Exercises
Most of the models now come with exercises suitable for printing.  The links to these appear below the model links.
#Free Preview Movies
See how EconModel lets you click on hyperlinks
to get a step-by-step understanding of economics
diagrams and models.

    Derive a Demand Curve (32 seconds)
    Derive a Supply Curve (40 seconds)
    The Cobweb Model (1 min, 34 seconds)
    The Classical Model (40 seconds)
    The Basic IS/LM Model (2 min, 43 sec)
    The Mundell-Fleming Model (1 min, 23 sec)


Getting Started
The models listed here (with the exception of the Solow Growth Model and the two free on-line calculators) run from your browser when you click on a "Model Link" IF you first download and install the EconModel program.  The Getting Started page explains how this works.
Meet the Author