Jim Whitney | Economics 102 |
Name: ______________________________
Procedure:
1. Go to any campus PC which runs
Windows on the campus network (such as the PCs in the basement of the library.)
2. From the Program Manager screen,
click on the "Economics" icon.
3. From the economics options, click
on the "Econ102" icon.
4. From the list of options, select
option 3, "Firm theory: the geometry of reveue, costs and profits" and
click "Continue" to start the program.
5. Notice the list of options across
the top of the screen. They are the main options you use to operate the
program.
Checklist
1. Click "Setup"--note that the panel you see allows
you to determine how your diagram appears. The initial settings are often
fine. Note though that this is also the option which allows you to switch
between "Large (1000s)" and "Small (ones)" situations. For now, click
the "Small (ones)" option at the bottom of the Setup panel. Then click
"Close setup."
2. Click the "Equations" option at the top of the
screen. You should now see two equations:
What label goes with the
top equation? ________________________
What label goes with the
bottom equation? ________________________
You can change these equations whenever you want. The initial settings
usually work well for one of the exercises done in class.
3. Click the "Draw" option at the top of the screen.
In the row of small check boxes called "Plot/record," click the boxes under
TR and MR. Then click either the top or the bottom diagram near the quantity
values (Q-values) of 1, then 2, then 3.
What gets plotted in the
top diagram ? ________________________
What gets plotted in the
bottom diagram? ________________________
4. In the Draw Panel row called "Draw," Click the
P label, then the TR label and then the MR label.
What happens? ________________________
Look across the labels in
the "Draw" row.
In general, what do the
blue labels apply to? ________________________
In general what do the red
labels apply to? ________________________
5. Click the "Clear" option at the top of the screen,
then the "Check boxes" option. Next, click the "Restart" option at the
top of the screen. In the "Draw" row, click the label P. Then, in the "Show"
row, click the box under TR. Finally, click the diagram near Q=3 or Q=4.
What figure do you see?
________________________
What is the size of the
figure's area? ________________________
What information does the
area convey? ________________________
That's all that's required. Feel free to explore further. The more familiar you are with how the program operates, the better and faster you'll be able to work during the workshop.