Gráfico interactivo de un mercado competitivo

IE code:
EC2-029-M
Language:   Spanish
also available in English
Format:  
Multimedia
Est. dedication time:
30 minutes
Academic Area:
Type of publication:
Technical Note
Gráfico interactivo de un mercado competitivo

Description

The purpose of this interactive tutorial is to help students learn and comprehend the effect of changes in the variables of supply and demand in a microeconomic market assuming perfect competition. Students can interact with both curves and see the equilibrium process in terms of prices and quantities exchanged. The program assumes that students are familiar with the underlying concepts of the graphic representation of a market with perfect competition.

For a better understanding of the main effects of the changes in the curves this graphic resource allows students to make only one move per curve and does not envisage changes in the curves´ elasticity. Students can interact with both curves (demand and supply) either separately or jointly. There are also simple exercises that enable students to test their comprehension of how the market works and check their answers through interaction with the graph.

Author's comments

This multimedia material forms part of a series of interactive graphs (EC08/197-M EC08/192-M EC08/194-M EC08/195-M) which have been designed to be used together in introductory economic courses. Each one of these graphs builds on the concepts taught in the previous ones and is an accumulative learning process. The last graph of the series (EC08/195-M) was awarded with the IE Multimedia Award in 2005 as the project that was most valued by students. Without doubt the key to success of these materials is the fact that both professors and students alike find them incredibly simple.