Heckscher/Ohlin Model

For a country that is exposed to the international market, the user can choose different production and consumption points for two goods (cheese and wine) to optimize utility. Results are displayed in a diagram. Continue reading Heckscher/Ohlin Model

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Linear Production Possibilty Curve

The simulation¬†allows students and instructors to change the production of two goods along a linear production possibility curve. The simulation shows a diagram as well as original and changed production levels. Users can change opportunity cost as well as the level of production. Continue reading Linear Production Possibilty Curve