Ricardo Model

This simulation of the Ricardo Model allows the user in a 2-goods diagram to choose between Autarky and Trade modes. Indifference curves indicate the welfare depending on the production and trade combination chosen.

In Autarky the user can change the production point to optimize production. Indifference curves indicate the related welfare. In the Trade mode the user can chose both production along the production possibility curve and consumption along the trade line. Indifference curves allow to compare the welfare before and after optimizing production and trade.

The simulation needs to be downloaded and runs without installation on windows systems.

Type of Simulation: Download and ready to run in Windows

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