Economics Calculators: (15) lessons

Budget Line Equation
Solves for any one of the 5 items in the standard budget line equation:
Income (I)
Quantity of x = Qx
Quantity of y = Qy
Price of x = Px
Price of y = Py
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Calculates a commission amount based on a base amount, and a first and second level tier amount.

Equation of Exchange
Solves for any of the 4 variables in the Equation of Exchange: money, velocity, price, quantity
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GDP Deflator
Calculates the GDP Deflator using nominal and real GDP
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Gross Domestic Product (GDP)
Solves for all items of the Gross Domestic Product (GDP) equation:
Consumption (C)
Investment (I)
Government Spending (G)
Exports (X)
Imports (I).
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Herfindahl Index
Given a market share of a set of companies, this determines the Herfindahl Index and Normalized Herfindahl Index.
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Income Elasticity of Demand
Calculates the income elasticity of demand using demand changes and income changes. Inputs are demand 1 and demand 0 and income 1 and income 0.
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Money Multiplier
Given 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.
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Given a cost and a gross margin percentage, this calculator calculates price, gross profit, markup percentage
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Profit Equation
Using 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.
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Sales Price Variance
Calculates the Sales Price Variance and Total Variance for a group of products
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Sectoral Balance
Solves for any of the 6 inputs in the Sectoral Balance equation by Wynne Godley
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Total Revenue
Given a quantity, price, and item, this calculates the total revenue.

Trade Cost
Calculates the saved hours under the electrician/carpenter model of specializing in jobs as well as opportunity cost.

Utility and Cost Utility Ratio
Given 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 Ratio
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