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"Economics" icon

Economics

This is a free, online textbook/course that "is a collection of online experiments and related online workbooks which can be used by individual learners or to supplement an instructor lead course." "In each experiment students make deals online with other traders and attempt to earn as much profit as possible. After each experiment, economics is really put to the test -- can economic theory predict and explain the complex interactions of the participants in the experiment? Online workbooks seamlessly incorporate the data from the experiment and guide students through the analysis and economic theory needed to understand the experiment. Experiments cover most of the key topics in microeconomics: supply and demand, labor markets, taxes, monopolies and cartels, externalities, and information... Show More
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