animated and verbal exploration of income and wealth effects when income is derived through ownership of an endowment.
10 animated graphs with voice overs illustrate these topics. As the animations progress the effects of changes in wages, prices, tax rates and other exogenous variables on endogenous variables are shown while Professor Nechyba narrates the underlying economics.
User can jump forward or backward to a particular segment of a graph or to a specific graph, or simply play through each graph fully.
Useful for any undergrad micro economics curriculum.
Developed in conjunction with Professor Thomas Nechyba for the Micro Economics curriculum, Department of Economics, Duke University, Durham, NC