It is a graphical interface that represents mathematical equations based on an economy theory. Economic variables are shown as equations in order to represent what the theory means. Using complex mathematical processes such as Gauss polynomial estimation for taking values from the reality, convert those values to mathematical equations and display them as a graphic. Making them fit in a relation where the factors are exposed in order to better understand the relationship between each other. The software allow us to see the forest without loosing time counting individual trees, let the program do the numbers in order to focus in the concepts related to this represented situation. This software tool can be used to teach and learn how a micro-economy works. Right now this tool is being used in the university with a big screen, asking pupils to solve situations based on imaginary cases. The interface has been designed for working in 800x600 pixels for dynamically display using a projector. Students are also using the software for studying in their homes solving problems, discussed in the class room. Looking into the model we can see that this company may be able to invest in installed capacity making their cost structure more efficient at a higher production level. Why ? As shown in the graphic the product that this company is trading still have market to be developed until reach a maximum income condition, one practical decision could be investing in production assets, modifying the Cost behavior making the cost structure being more reliable at higher production levels. First we need to extract data from the reality, in order to estimate Demand and Total Costs functions. this data may become from marketing measures and studies, based on historical data, or supposed by ourselves, based on any method. The data format will be (Qty ; Cost) Cost eq, and (Qty ; Price) Demand eq. R^2 (correlation factor) will also be calculated and displayed when equations are estimated
VERSION HISTORY
- Version 1.6 posted on 2003-08-17
Program Details
- Category: Education > Other
- Publisher: Sysworks.com.ar
- License: Free Trial
- Price: $29.90
- Version: 1.6
- Platform: windows
EULA
Micro Economy Model Full License Micro Economy Model ｩ 2002 Copyright Ricardo David Lerch, Sysworks, Argentina. Micro Economy Model is not public domain or shareware or free software. Registration: www.sysworks.com.ar Support: [email protected] Licensing: Registered User A Registered User of Micro Economy Model must have a fully paid up License provided by Sysworks.com.ar or Authorised Agent thereof. The Registered User undertakes not to divulge the License to any other party and to take necessary care to prevent disclosure so as to prevent loss to Sysworks for the unauthorised use of Micro Economy Model. As a registered user you have the right to use Micro Economy Model in your own system environment on one machine only or on as many machines as you have purchased Licence. All Users You are not permitted to reverse engineer, modify or decompile Micro Economy Model. To the maximum extent permitted by law, in no event shall Sysworks be liable for any damages whatesoever of any kind. THIS SOFTWARE AND ANY ACCOMPANYING FILES ARE SOLD 'AS IS' WITHOUT WARRANTY OF ANY KIND EITHER EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE.