First of two Budget Constraint apps - animations and detailed audio explanations. Covers budget intercepts, slopes, changes in slopes and intercepts, kinked budget constraints and 3 good budgets.
This app is designed to be of value for any intermediate micro economics student studying budgets/choice sets. First year grad students may find it a useful review. It contains 7 animated graphs with voice overs that explain budget constraints and how they are created and change as variables change as the relevant graphs unfold. User can jump to whichever graph or portion of graph is of interest or play through each graph in its entirety.
Designed to be useful in any intermediate microecon curriculum, this app is based on Chapter 2 of _Microeconomics, An Intuitive Approach_, 2nd Ed by Thomas J. Nechyba, Department of Economics, Duke University, Durham, NC.
Developed in conjunction with Professor Thomas Nechyba for the Micro Economics curriculum, Department of Economics, Duke University, Durham, NC