Economics Calculators: (14) lessons

[+] Budget Line Equation
Solves for any one of the 5 items in the standard budget line equation:
Income (I)
Quantity of x = Qx
Quantity of y = Qy
Price of x = Px
Price of y = Py

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Examples (1): px=30,py=50,qx=70,qy=30Tags: budget, price, quantity
[+] Commission
Calculates a commission amount based on a base amount, and a first and second level tier amount.

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[+] Equation of Exchange
Solves for any of the 4 variables in the Equation of Exchange: money, velocity, price, quantity

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Examples (2): M=20,V=10,Q=30, V=50,P=70,Q=80Tags: money, price, quantity, velocity
[+] GDP Deflator
Calculates the GDP Deflator using nominal and real GDP

Features: Calculator | Quiz Generator | Practice Problem GeneratorTags: consumption, export, government, import, invest
[+] Gross Domestic Product (GDP)
Solves for all items of the Gross Domestic Product (GDP) equation:
GDP
Consumption (C)
Investment (I)
Government Spending (G)
Exports (X)
Imports (I).

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[+] Herfindahl Index
Given a market share of a set of companies, this determines the Herfindahl Index and Normalized Herfindahl Index.

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[+] Income and Price Elasticity
Solves for any one of the 5 components that make up the income/price elasticity of demand equation.

Features: CalculatorTags: demand, income, price
[+] Money Multiplier
Given a reserve ratio and initial deposit amount, this calculates the money multiplier and displays the re-lending process table for a bank to other banks including reserves and loans.

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[+] Profit Equation
Using the Profit Equation with inputs (Revenue-Cost-Profit-Tax), this determines the relevant output including gross proft, gross profit margin, net profit, and net profit margin.

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[+] Sales Price Variance
Calculates the Sales Price Variance and Total Variance for a group of products

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[+] Sectoral Balance
Solves for any of the 6 inputs in the Sectoral Balance equation by Wynne Godley

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Examples (1): PI=20,GS=40,T=10,E=200,I=50Tags: export, import, investment, savings, tax
[+] Total Revenue
Given a quantity, price, and item, this calculates the total revenue.

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Examples (0):
[+] Trade Cost
Calculates the saved hours under the electrician/carpenter model of specializing in jobs as well as opportunity cost.

Features: CalculatorTags: cost, opportunity, trade
[+] Utility and Cost Utility Ratio
Given 2 methods with a set of utilities and weights/probabilities, this will calculate the utility for each method, as well as the total utility using the additive method, as well as the Cost Utility Ratio

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