Links for Advanced Microeconomics

An interactive Java applet that can be used online or downloaded for non-commercial use. The authors write "Taking representative cubic cost and linear demand functions as given it combines total, marginal and welfare analysis for the cases of perfect competition, monopoly and monopsony within a single Java Applet. It illustrates the price dependence of consumer, producer and total rents – which are not covered in standard microeconomic textbooks. It also allows for the analysis of exogenous price shifts from the perspective of a price taking firm and calculates the equilibrium values."