INFORMATION CHANGE THE WORLD

International Journal of Education and Management Engineering(IJEME)

ISSN: 2305-3623 (Print), ISSN: 2305-8463 (Online)

Published By: MECS Press

IJEME Vol.2, No.7, Jul. 2012

Study on Effect Theory of Price Changes with MathCAD

Full Text (PDF, 388KB), PP.9-15


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Author(s)

Hongshun Su

Index Terms

Economics; Effect of Price Changes; Demand Curves; MathCAD

Abstract

By the computation and plotting of MathCAD, the effect theory of pricing changes is further studied, and an important conclusion is proved: Hicks demand curve and Slutsky demand curve move with the initial price changes, whereas Marshall demand curve remains invariably. This result enriches the effect theory of price changes. Moreover, MathCAD offers an auxiliary tool for practical researches, and realizes the perfect integration of economy, mathematics and computer science.

Cite This Paper

Hongshun Su,"Study on Effect Theory of Price Changes with MathCAD", IJEME, vol.2, no.7, pp.9-15, 2012.

Reference

[1]Walter Nicholson, Christopher M Snyder, Microeconomic Theory-Basic Principles and Extensions, tenth edition, Mason, OH: South-Western/Thomson, 2008.

[2]Joseph E Stiglitz, Carl E Walsh, Principles of microeconomics, forth Edition, New York : W.W. Norton. 2006.

[3]Robert S Pindyck, Daniel L Rubinfeld, Microeconomics, sixth edition, Upper Saddle River, N.J.: Pearson Prentice Hall, 2005.

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[5]Eric M. Leeper and Tack Yun, "Monetary-fiscal policy interactions and the price level:Background and beyond", International Tax and Public Finance, 2006, 13(4), 373-409.

[6]Hongshun Su, "Carry on the Effect Analysis of the Price of Hicks and Slutsky with MathCAD 2001 (ONE)", Mathematics in Practice and Theory, 2005, 35(1), 48-52.

[7]Hongshun Su, "Carry on the Effect Analysis of the Price of Hicks and Slutsky with MathCAD 2001 (TWO)", Mathematics in Practice and Theory, 2005, 35(2), 26-31.