Fourteen-page booklet, plus references, adapted from Peter Earl & Tim Wakeley (2005) Business Economics: a Contemporary Approach (ISBN 9780077103927).
Subjects in Consumption and Households
This is an archive of over 100 graphics constructed by the ONS, free to use under the Open Government Licence. Each focuses on making a few headline statistics or trends visible and colourful. Economic themes include the economic health of regions of the UK; trade statistics; the labour market; taxation; benefits; house prices. Social trends are also addressed by some of the graphics.
While most are drawn from data for a recent year, a few give a very long-term view, for example "170 years of industrial change across England and Wales" and "A Century of Home Ownership and Renting in England and Wales";
Behavioral Economics is a draft of the opening chapter of C Camerer, G Loewenstein and M Rabin (eds)(2003) Advances in Behavioral Economics, Princeton University Press. It covers the main heuristics and judgement biases revealed by psychological experiments and statistical surveys on choice, and the implications for macroeconomics, financial economics, labour economics and other areas where 'rational' choice is traditionally assumes.
Graphic representations of various concepts in microeconomics (e.g. monopoly, consumer and producer surplus, Edgeworth Box), macroeconomics (e.g. Solow growth model, Keynesian cross, Lorenz Curve and Gini coefficient), game theory (e.g. Nash equilibrium in 3x3 game, binomial tree) and financial theory (e.g. net present value, price-yield curve). Submitted by various authors in Mathematica, with short explanation of underlying theory, and options to manipulate the diagram by changing the different variables. To do this, and view the demonstrations in the browser, requires download of the Mathematica Player browser plug-in which is available for Windows, Linux or Mac. These form part of the Wolfram Demonstrations Project, hosted on the website of independent scientist Stephen Wolfram as a development of his popular Mathematica program.
PowerPoint presentation depicting decision-making under risk, showing how risk attitudes can be examined using choices among lotteries or willingness to pay for insurances. Shows how risk attitudes can be captured in convexity of the indifference curve or strict concavity of the utility function; and how risk aversion can be quantified by the ratio of second and first derivatives of the utility function, implying that it falls as wealth increases.