econ.studio

Module overview

Microeconomics

Markets, prices, consumer choice, and government interventions.

1890Interactive model

Supply and Demand

Alfred Marshall

How competitive markets set prices and quantities — equilibrium, shifts of the curves, consumer and producer surplus, and what price ceilings and floors do to all of it.

marketsequilibriumap-microib-economics
5 exercisesOpen model
1881Interactive model

Exchange Economies

Francis Y. Edgeworth, Léon Walras

Two consumers, two goods, fixed endowments — and a price that makes everyone's optimisation add up. The Edgeworth box, the contract curve, and the welfare theorems.

general-equilibriumedgeworth-boxwalrasian-equilibriumwelfare-theoremspareto-efficiency
4 exercisesOpen model