Marginal Analysis Lab

Explore the fundamental building blocks of economic theory, focusing on scarcity, choice, and the mechanisms of trade. Marginal Analysis Lab turns that idea into something you can manipulate directly and watch respond.

Explore the fundamental building blocks of economic theory, focusing on scarcity, choice, and the mechanisms of trade. It focuses on Scarcity, Opportunity Cost, Production Possibilities Curve (PPC), Comparative and Absolute Advantage, Marginal Analysis, Specialization and Trade from the “Unit 1: Basic Economic Concepts” section.

The “Reset”, “Study 1 Hour” buttons run actions or reset the demo. Every change updates the visualization in real time, so you can see exactly how each variable affects the outcome.

AP Microeconomics is an introductory college-level course that examines the principles of economics applying to individual decision-makers, including consumers and producers. The curriculum focuses on the nature and fun… This demo is the interactive piece for the “Unit 1: Basic Economic Concepts” section. Open the full AP Microeconomics course wiki at https://www.getlykke.com/explore/public/ap-microeconomics-5a5959ac-ec57-4628-9b9e-5b5f1587dbe6 for notes, flashcards, quizzes and the other demos.

You'll build intuition for Scarcity, Opportunity Cost, Production Possibilities Curve (PPC), Comparative and Absolute Advantage, Marginal Analysis, Specialization and Trade — and, crucially, see how they behave when you change the inputs, which is hard to get from a textbook or lecture on AP Microeconomics alone.