EconReady

Diagram Lab

Interactive Economics Diagrams

Drag the curves.
Watch the equilibrium, the shading and the numbers follow.

Microeconomics

Supply and demandShifts, surplus, tax, subsidy, price controls.Production Possibility CurveOpportunity cost, growth, efficiency.
ElasticitySoonPED and PES, revenue before and after.
ExternalitiesSoonMSC, MPC, MSB, MPB and the welfare loss.
Market structuresSoonMonopoly, competition, costs and revenues.

Macroeconomics

Aggregate demand and supplySoonKeynesian and classical.
Phillips curveSoonShort run and long run.
Lorenz curveSoonInequality and the Gini coefficient.
Labour marketSoonWages, minimum wage, unemployment.

International

International tradeSoonWorld price, imports and exports.
Tariffs and quotasSoonProtection and who pays for it.
Exchange ratesSoonDemand and supply for a currency.