Comments on: Building interactive economic models with Excel http://www.26econ.com/building-interactive-economic-models-with-excel/ Online economics Fri, 10 Oct 2008 20:52:52 +0000 http://wordpress.org/?v=2.3.2 By: Hassan Abboud http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-2894 Hassan Abboud Mon, 11 Feb 2008 20:11:46 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-2894 Thank you for u'r effort. Eventhough I didn't understand anything.. Thank you for u’r effort. Eventhough I didn’t understand anything..

]]> By: 26econ.com Aaron Schiff's website » More economic simulations in Excel http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-210 26econ.com Aaron Schiff's website » More economic simulations in Excel Sat, 13 Oct 2007 03:37:44 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-210 [...] instant ‘guest’ access to the article). It’s quite a bit more complicated than my simple demand and supply example but it uses the same basic techniques. It should be a useful example to illustrate how a more [...] […] instant ‘guest’ access to the article). It’s quite a bit more complicated than my simple demand and supply example but it uses the same basic techniques. It should be a useful example to illustrate how a more […]

]]> By: aaron http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-100 aaron Thu, 13 Sep 2007 12:56:48 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-100 <p>John: Well since the supply function is Q = CP then the value in that box is C which is indeed the slope of supply. But since we economists mix up our axes, the graph really plots the inverse supply curve P = Q/C. So when you increase the slope of supply, the inverse supply gets flatter ... I agree it's confusing though, maybe I need to rename it somehow? </p> John: Well since the supply function is Q = CP then the value in that box is C which is indeed the slope of supply. But since we economists mix up our axes, the graph really plots the inverse supply curve P = Q/C. So when you increase the slope of supply, the inverse supply gets flatter … I agree it’s confusing though, maybe I need to rename it somehow?

]]> By: John Whitehead http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-99 John Whitehead Thu, 13 Sep 2007 12:37:53 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-99 Aaron, One thing had my students, and then me, confused. Since the "supply slope" value is actually c, it really isn't the supply slope if P is on the vertical axis and Q is on the horizontal. That box should be labeled something like c = 1/(supply slope). Does that sound right? Aaron,

One thing had my students, and then me, confused. Since the “supply slope” value is actually c, it really isn’t the supply slope if P is on the vertical axis and Q is on the horizontal. That box should be labeled something like c = 1/(supply slope). Does that sound right?

]]> By: Mike O'Grady http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-71 Mike O'Grady Wed, 05 Sep 2007 17:29:25 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-71 My Website is not complete - GREAT Model! I wanted to know if there was a way to adapt this model to show what the influence on prices for gasoline would be IF we took the daily US consumption figure of 416 million gallons/day, reduced it by 24% (304 Million gallons per day) and a cost per gallon rate of $3.05 - where the potential fuel cost reduction might wind up. I suspect it would dorp considerably if our Supply would remain constant. Can you assist? My Website is not complete -

GREAT Model!

I wanted to know if there was a way to adapt this model to show what the influence on prices for gasoline would be IF we took the daily US consumption figure of 416 million gallons/day, reduced it by 24% (304 Million gallons per day) and a cost per gallon rate of $3.05 - where the potential fuel cost reduction might wind up. I suspect it would dorp considerably if our Supply would remain constant.

Can you assist?

]]> By: Iman v Lelyveld’s Blog » Blog Archive » Use of Excel to explain basics http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-56 Iman v Lelyveld’s Blog » Blog Archive » Use of Excel to explain basics Sun, 02 Sep 2007 19:55:13 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-56 [...] explain simple economic concepts. Two examples are for instance given by Aaron Schiff with a simple supply and demand model. Many more are provided by  Wilson Mixon and Soumaya Tohamy, mainly micro-economics [...] […] explain simple economic concepts. Two examples are for instance given by Aaron Schiff with a simple supply and demand model. Many more are provided by  Wilson Mixon and Soumaya Tohamy, mainly micro-economics […]

]]> By: Daily Links | Akkam's Razor http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-42 Daily Links | Akkam's Razor Tue, 28 Aug 2007 00:22:00 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-42 [...] 26econ.com Aaron Schiff’s website » Building interactive economic models with Excel (tags: Economics Excel Visualization Howto) [...] […] 26econ.com Aaron Schiff’s website » Building interactive economic models with Excel (tags: Economics Excel Visualization Howto) […]

]]> By: aaron http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-38 aaron Sat, 25 Aug 2007 02:08:53 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-38 Wilson: Thanks for the link. Looks like you put a lot of work into those spreadsheets. Wilson: Thanks for the link. Looks like you put a lot of work into those spreadsheets.

]]> By: Wilson Mixon http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-37 Wilson Mixon Fri, 24 Aug 2007 15:51:51 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-37 May I use this as an excuse to advertise? Soumaya Tohamy and I have developed a number of models that your readers might find useful. We have most of the graphs from Mankiw (1st ed., sorry) and Gwartney et al. (10 ed.) at this site: http://csob.berry.edu/faculty/economics/index.shtml May I use this as an excuse to advertise? Soumaya Tohamy and I have developed a number of models that your readers might find useful. We have most of the graphs from Mankiw (1st ed., sorry) and Gwartney et al. (10 ed.) at this site:
http://csob.berry.edu/faculty/economics/index.shtml

]]> By: aaron http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-35 aaron Fri, 24 Aug 2007 13:45:05 +0000 http://www.26econ.com/building-interactive-economic-models-with-excel/#comment-35 Clark: Thanks, I'm glad you liked it. This is just a simple example, but yes the same idea can be used for many things. The graph should update more or less instantly as you change the parameters using the scrollbars next to them. I'm not sure why that's not happening for you. Do you see the parameter values in the cells change when you use the scrollbars? What version of excel are you using? Drop me an email via the contact page if you like. Clark: Thanks, I’m glad you liked it. This is just a simple example, but yes the same idea can be used for many things. The graph should update more or less instantly as you change the parameters using the scrollbars next to them. I’m not sure why that’s not happening for you. Do you see the parameter values in the cells change when you use the scrollbars? What version of excel are you using? Drop me an email via the contact page if you like.

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