Micro Economy Model 1.6
Free Trial Version
Publisher Description
It is a graphical interface that represents mathematical equations based on an economy theory. Economic variables are shown as equations in order to represent what the theory means. Using complex mathematical processes such as Gauss polynomial estimation for taking values from the reality, convert those values to mathematical equations and display them as a graphic. Making them fit in a relation where the factors are exposed in order to better understand the relationship between each other. The software allow us to see the forest without loosing time counting individual trees, let the program do the numbers in order to focus in the concepts related to this represented situation. This software tool can be used to teach and learn how a micro-economy works. Right now this tool is being used in the university with a big screen, asking pupils to solve situations based on imaginary cases. The interface has been designed for working in 800x600 pixels for dynamically display using a projector. Students are also using the software for studying in their homes solving problems, discussed in the class room. Looking into the model we can see that this company may be able to invest in installed capacity making their cost structure more efficient at a higher production level. Why ? As shown in the graphic the product that this company is trading still have market to be developed until reach a maximum income condition, one practical decision could be investing in production assets, modifying the Cost behavior making the cost structure being more reliable at higher production levels. First we need to extract data from the reality, in order to estimate Demand and Total Costs functions. this data may become from marketing measures and studies, based on historical data, or supposed by ourselves, based on any method. The data format will be (Qty ; Cost) Cost eq, and (Qty ; Price) Demand eq. R^2 (correlation factor) will also be calculated and displayed when equations are estimated
About Micro Economy Model
Micro Economy Model is a free trial software published in the Other list of programs, part of Education.
This program is available in English. It was last updated on 02 April, 2024. Micro Economy Model is compatible with the following operating systems: Windows.
The company that develops Micro Economy Model is Sysworks.com.ar. The latest version released by its developer is 1.6. This version was rated by 3 users of our site and has an average rating of 3.3.
The download we have available for Micro Economy Model has a file size of 2.10 MB. Just click the green Download button above to start the downloading process. The program is listed on our website since 2003-08-17 and was downloaded 304 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded software with your antivirus. Your antivirus may detect the Micro Economy Model as malware if the download link is broken.
How to install Micro Economy Model on your Windows device:
- Click on the Download button on our website. This will start the download from the website of the developer.
- Once the Micro Economy Model is downloaded click on it to start the setup process (assuming you are on a desktop computer).
- When the installation is finished you should be able to see and run the program.
