Budget Line Equation

Commission

Equation of Exchange

GDP Deflator

Gross Domestic Product (GDP)

Herfindahl Index

Income Elasticity of Demand

Money Multiplier

Price

Profit Equation

Sales Price Variance

Sectoral Balance

Total Revenue

Trade Cost

Utility and Cost Utility Ratio

Solves for any one of the 5 items in the standard budget line equation:

Income (I)

Quantity of x = Q_{x}

Quantity of y = Q_{y}

Price of x = P_{x}

Price of y = P_{y}

Calculator · Watch the VideoIncome (I)

Quantity of x = Q

Quantity of y = Q

Price of x = P

Price of y = P

Commission

Calculates a commission amount based on a base amount, and a first and second level tier amount.

CalculatorEquation of Exchange

Solves for any of the 4 variables in the Equation of Exchange: money, velocity, price, quantity

Calculator · Watch the VideoGDP Deflator

Calculates the GDP Deflator using nominal and real GDP

Calculator · Watch the VideoGross Domestic Product (GDP)

Solves for all items of the Gross Domestic Product (GDP) equation:

GDP

Consumption (C)

Investment (I)

Government Spending (G)

Exports (X)

Imports (I).

Calculator · Watch the VideoGDP

Consumption (C)

Investment (I)

Government Spending (G)

Exports (X)

Imports (I).

Herfindahl Index

Given a market share of a set of companies, this determines the Herfindahl Index and Normalized Herfindahl Index.

Calculator · Watch the VideoIncome 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.

Calculator · Watch the VideoMoney 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.

Calculator · Watch the VideoPrice

Given a cost and a gross margin percentage, this calculator calculates price, gross profit, markup percentage

Calculator · Watch the VideoProfit 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.

Calculator · Watch the VideoSales Price Variance

Calculates the Sales Price Variance and Total Variance for a group of products

Calculator · Watch the VideoSectoral Balance

Solves for any of the 6 inputs in the Sectoral Balance equation by Wynne Godley

Calculator · Watch the VideoTotal Revenue

Given a quantity, price, and item, this calculates the total revenue.

CalculatorTrade Cost

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

CalculatorUtility 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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