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

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. Continue reading Ricardo Model

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