MAGIC SCHOOL OF ECONOMICS
This web page is devoted to interactive charts, simulations and animation that would help you to understand economics. I will add the stuff in the future. The Czech interface is supported now but I plan to provide an English one in future. I would enjoy your comments or suggestion for improvement. The contact is .
You need not to install any software to view the enclosed models. You only need to have running Java in your web browser.
Interdependence and gains from trade: magic of division of labor and cooperation.
Market forces of supply and demand: basic model of market equilibrium × calc to Smith's experiment × impact of price controls × price elasticity calculator of supply and demand × dead weight loss of taxation.
Production cost: production cost.
Market Failure: Pigou's approach to externality.
Unemployment: simulator of dynamic model of unemployment.