IT-supported teaching of microeconomics

Abstract

In the presented paper a computer program which demonstrates basic economic characteristics like costs, demand, Cobb-Douglas function etc. is described and discussed. The program, written by the author in the Mathematica software, has three modules. The first module deals with the costs, revenue and profit, the second module is oriented to demand and supply issue and the third module displays the Cobb-Douglas production function with the isoquants selected by the user. The whole program is very user friendly and intuitively to control. It is suitable both for demonstrations and explorations of the behavior of the economic characteristics.