This is a blog site created by two high school teachers of economics to help ourselves and other similar content teachers teach both the content and integrate technology into the classroom.
Saturday, September 20, 2014
Income and Substitution Effects
My students will be starting a new micro unit this week which will look at substitution and income effect. This explanation, complete, with images is a big help, esp. for those looking for multiple scenarios. For example it looks at what happens with normal as well as inferior goods to both under both income and substitution effects.