The EconModel applications on this web site all include a "Model Link" like the one for Supply and Demand. To download and install the EconModel program, click on activate the model links.
The Supply and Demand application is both the central model in economics and the demonstration of how EconModel presents economic models. It includes four topics:
Clicking on a few links shows immediately how EconModel presents a model.
A quick review of some important points for first-time users.
The Demand Curve can be derived from the
Two Goods - Two Prices Model, which is
another EconModel application. The basis for the Supply Curve is
the Perfect Competition Model of a
A static model of supply and demand. This exercise concludes with an opportunity to work with a range of supply and demand price elasticities, providing some insight into how the slopes of the curves affect the model's properties.
A simple model with dynamic features illustrates the ways that EconModel is able to present dynamic models.
Classic Economic Models
Overview of Micro Models
Overview of Macro Models