Through interactive graphs, ThinkEconomics illustrates basic economic
principles that are taught in a college-level introductory economics course.
These graphs enable students to develop analytic and deductive reasoning
skills by manipulating graphical elements of the economic models. Students
also learn how to apply these models to analyze and understand economic
Economic models represent causal economic interrelationships that occur
in a particular sequence or order. Textbooks offer written explanations
accompanied by static illustrations, but they cannot capture or animate
the step-by-step dynamics of an economic model. In a classroom, a professor
typically draws a graph on the chalkboard, explains its construction,
and then uses the graph to analyze the effects of various changes in the
model's parameters or variables. This classroom explanation and graphical
manipulations happen only once and the total analysis can be very difficult
to replicate in student lecture notes.
With the interactive possibilities of Macromedia Flash and the anytime,
anyplace nature of the Web, students can now experience the models as
they were meant to be, and in the process, learn to "think economics."
Because of the vector capabilities of Flash, the models do not require
a broadband connection for fast downloading and students can easily repeat
each model as many times as necessary to understand the economic principle.
Animation and interactivity combine to create a greatly improved learning