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Exploring Economic Models Using Excel

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Author Info

  • Miles Cahill

    ()
    (Department of Economics, College of the Holy Cross)

  • George Kosicki

    ()
    (Department of Economics, College of the Holy Cross)

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    Abstract

    This paper presents examples of consumer theory concepts that can be explored more thoroughly, and made more accessible, when spreadsheet software is used as part of the intermediate-level economics classroom. Areas of application are utility functions, income and substitution effects, price indices, measures of welfare change, and the optimal saving rate. A web supplement is available on the Internet and includes spreadsheet examples pertaining to industrial organization and macroeconomics. The examples were chosen to stimulate awareness and discussion of the many classroom uses for four important Excel spreadsheet tools: three-dimensional graphs, iteration, Goal Seek, and Solver.

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    Bibliographic Info

    Paper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 9903.

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    Length: 26 pages
    Date of creation: Jan 1999
    Date of revision:
    Publication status: Published in Southern Economic Journal, January 2000, Vol. 66:3, pp. 770–792.
    Handle: RePEc:hcx:wpaper:9903

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    Web page: http://www.holycross.edu/departments/economics/website/
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    Related research

    Keywords: economics; teaching; computer software; spreadsheet; Microsoft Excel;

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