### Economics Calculators: (14) lessons

 [+] Budget Line EquationSolves for any one of the 5 items in the standard budget line equation:Income (I)Quantity of x = QxQuantity of y = QyPrice of x = PxPrice of y = PyFeatures: Calculator | Quiz Generator | Practice Problem Generator | Watch the VideoExamples (1): px=30,py=50,qx=70,qy=30Tags: budget, price, quantity [+] CommissionCalculates a commission amount based on a base amount, and a first and second level tier amount.Features: Calculator | Practice Problem Generator [+] Equation of ExchangeSolves for any of the 4 variables in the Equation of Exchange: money, velocity, price, quantityFeatures: Calculator | Practice Problem Generator | Watch the VideoExamples (2): M=20,V=10,Q=30, V=50,P=70,Q=80Tags: money, price, quantity, velocity [+] GDP DeflatorCalculates the GDP Deflator using nominal and real GDPFeatures: Calculator | Quiz Generator | Practice Problem GeneratorTags: consumption, export, government, import, invest [+] Gross Domestic Product (GDP)Solves for all items of the Gross Domestic Product (GDP) equation:GDPConsumption (C)Investment (I)Government Spending (G)Exports (X)Imports (I).Features: Calculator | Quiz Generator | Practice Problem Generator | Watch the VideoTags: consumption, export, government, import, invest [+] Herfindahl IndexGiven a market share of a set of companies, this determines the Herfindahl Index and Normalized Herfindahl Index.Features: Calculator | Quiz GeneratorTags: herfindahl, market [+] Income and Price ElasticitySolves for any one of the 5 components that make up the income/price elasticity of demand equation.Features: CalculatorTags: demand, income, price [+] Money MultiplierGiven a reserve ratio and initial deposit amount, this calculates the money multiplier and displays the re-lending process table for a bank to other banks including reserves and loans.Features: Calculator | Quiz Generator | Practice Problem Generator | Watch the VideoTags: deposit, loan, reserve [+] Profit EquationUsing the Profit Equation with inputs (Revenue-Cost-Profit-Tax), this determines the relevant output including gross proft, gross profit margin, net profit, and net profit margin.Features: Calculator | Quiz Generator | Practice Problem Generator | Watch the VideoTags: cost, margin, profit, revenue, tax [+] Sales Price VarianceCalculates the Sales Price Variance and Total Variance for a group of productsFeatures: Calculator | Practice Problem Generator | Watch the VideoTags: actual, expected, sales, variance [+] Sectoral BalanceSolves for any of the 6 inputs in the Sectoral Balance equation by Wynne GodleyFeatures: Calculator | Practice Problem Generator | Watch the VideoExamples (1): PI=20,GS=40,T=10,E=200,I=50Tags: export, import, investment, savings, tax [+] Total RevenueGiven a quantity, price, and item, this calculates the total revenue.Features: Calculator | Practice Problem GeneratorExamples (0): [+] Trade CostCalculates the saved hours under the electrician/carpenter model of specializing in jobs as well as opportunity cost.Features: CalculatorTags: cost, opportunity, trade [+] Utility and Cost Utility RatioGiven 2 methods with a set of utilities and weights/probabilities, this will calculate the utility for each method, as well as the total utility using the additive method, as well as the Cost Utility RatioFeatures: Calculator | Watch the VideoTags: cost, ratio, utility