## Simulations for Principles Students

## Money Creation

- Article Information
- Category: Macroeconomics
- Written by Carsten Lange
- Hits: 1122

The simulation provides an accounting framework that can be used to simulate various scenarios of money creation. The user can select certain actions and can see how the accounts change and money is created. Selected scenarios and the accounting framework are introduced to the users with videos.

## Generalized Normal Distribution Curve

- Article Information
- Category: Quantitative
- Written by Carsten Lange
- Hits: 1217

The simulation displays a diagram with a generalized Gaussian normal distribution curve. The user can choose the mean and the standard deviation for the distribution as well as value(s) for the random variable. The simulation calculates the related z-value(s) and displays the area(s) left, right or between the chosen z-values. It also calculates the related probabilities.

## Ricardo Model

- Article Information
- Category: International
- Written by Carsten Lange
- Hits: 1045

This simulation of the Ricardo Model allows the user in a 2-goods diagram to choose between Autarky and Trade modes. Indifference curves indicate the welfare depending on the production and trade combination chosen.

## Standardized Normal Distribution Curve & z-Table

- Article Information
- Category: Quantitative
- Written by Carsten Lange
- Hits: 1160

The simulation displays a diagram with a standardized Gaussian normal distribution curve. The user can choose z-value(s) and the area left, right or between the chosen z-values is displayed. The simulation also calculates the related probabilities.

## Linear Production Posibilty Curve

- Article Information
- Category: International
- Written by Carsten Lange
- Hits: 1124

The simulations allows students and instructors to change the production of two goods along a linear production possibility curve. The simulation shows a diagram as well as original and changed production levels. Users can change opportunity cost as well as the level of production.

## IS Model

- Article Information
- Category: Macroeconomics
- Written by Carsten Lange
- Hits: 1131

This application simulates the goods market of a closed economy with autonomous taxes (i.e. taxes that are independent of the economy's income). It can be used by instructors to support teaching the model and by students to explore how the model reacts to parameter changes and how the adaptation to a new equilibrium proceeds.

## International Trade Line

- Article Information
- Category: International
- Written by Carsten Lange
- Hits: 1442

The International Trade Line simulation allows students to simulate international trade and shows imports and exports for different prices. It focuses on international trade only. Production is exogenous and indifferent curves are not considered.

## GPA Calculator

- Article Information
- Category: Study Tools
- Written by Carsten Lange
- Hits: 1786

The GPA Calculator helps students to calculate which grades they need to improve their GPA to a predefined level.

## Course Overall Grade Calculator

- Article Information
- Category: Study Tools
- Written by Carsten Lange
- Hits: 2321

This tool is designed for instructors. Instructors often get emails from their students asking about their standing. Answering these emails and calculating the grade for each student is time consuming. The Overall Grade Calculator frees the instructor from this administrative work by allowing students to enter their own grades and the tool calculates the overall grade.