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John Gross

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Intermediate Micro Econ 2-Budgets-

First of two Budget Constraint apps - animations and detailed audio explanations. Covers budget intercepts, slopes, changes in slopes and intercepts, kinked budget constraints and 3 good budgets. This app is designed to be of value for any intermediate micro economics student studying budget

Intermediate Micro Econ 4 - Preferences-

Preferences and Indifference Curves - animations and detailed audio explanations. Covers various standard assumptions about preferences, how these assumptions translate into indifference curves. In the part B graphs 3 dimensional utility functions are shown. This app is designed to be of val

MicroEcon II - 5 - Tastes(2)-

Different Tastes and their Indifference Maps - animations and detailed audio explanations cover the indifference curves generated by several possible types of preferences such as Perfect Substitutes, Perfect Complements, Quasilinear and Homothetic Preferences. In the part B, the more advanced portio

Duke Micro Econ Chapter 6-

Animated and audio exploration of graphical optimization for consumers under a variety of choice sets and budget constraints.

Duke Micro Econ Chapter 7-

Extremely detailed animated and verbal exploration of income and substitution effects.The Income Effect and Substitution Effect are each developed separately in multiple cases, then they are combined and developed in several cases. Jump forward or back by segment, or to different graphs

Duke Micro Econ Chapter 8-

animated and verbal exploration of income and wealth effects when income is derived through ownership of an endowment. 10 animated graphs with voice overs illustrate these topics. As the animations progress the effects of changes in wages, prices, tax rates and other exogenous variables on

Duke Micro Econ Chapter 9-

Animated and Audio graphical exploration of own-price and cross price demand, graphical derivation of labor demand and labor supply, graphical derivation of capital demand and capital supply.

Duke Micro Econ Chapter 10-

Animated and verbal exploration of derivation of marginal willingness to pay curves, deadweight loss, consumer surplus and distortionary taxation. Contains 14 animated graphs with voice over that plays as graphs are drawn. Can jump ahead to which ever graph or portion of graph is of interest

Duke Micro Econ Chapter 11-

Animated and verbal exploration of derivation of producer choice and isoprofit lines. Then these are combined to show how the profit maximizing level of output might be chosen and how this level changes when wages and output prices change. The labor demand curve is derived from the marginal revenue

Duke Micro Econ Chapter 12-

Animated and verbal exploration of topics began in Chapter 11 App are extended to the multiple inputs. This also gives rise to cost curves and considerations of cost minimization. The importance of returns to scale is explored and how (if at all) it relates to the marginal product of individual inpu

Duke Micro Chapter 15-

Animated and verbal exploration of surplus in competitive markets. Graphical derivation of consumer, producer and labor surplus are all shown. Relationship between surplus and profit is explored. A simple version of the First Welfare Theorem is graphically illustrated. This app contains 9 an

Duke Micro Econ Chapter 16-

Animated and audio exploration of General Equilibrium. Animated Edgeworth Box graphics are used to illustrate general equilibrium and disequilibrium in a competitive economy. A simple version of the Second Welfare Theorem is graphically illustrated. Three animations explore a Robison Crusoe economy,

Duke Micro Econ Chapter 18-

Animated and verbal exploration of simple markets with price floors, price ceilings and non-price rationing. Demand elasticity including perfectly inelastic and perfectly elastic curves as well as constant elasticity demand curves is covered. This app contains 12 animated graphs with voice o

Duke Micro Econ Chapter 19-

Taxes and subsidies, and the deadweight loss they generate are considered. The distinction between statutory and economic incidence is, of course, covered. The role of relative elasticities in determining economic incidence and deadweight loss is covered in some depth in this app. Taxes and subsidie

Duke Micro Econ Chapter 21-

Externalities, both negative and positive are considered, as is the associated lost surplus and deadweight loss generated by externalities. The efficacy of corrections to such markets including Pigouvian taxes and subsidies as well as establishing markets for pollution vouchers are considered.

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