Computer simulation of the Alonso household location model in the microeconomics course

Computer simulation of the Alonso household location model can enrich the intermediate microeconomics course. The model includes decisions on location, land space, and other goods and is a valuable complement to the usual textbook model of household consumption. It has three decision variables, one...

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Veröffentlicht in:The Journal of economic education 2005, Vol.36 (1), p.59-76
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creator Bolton, Roger E
description Computer simulation of the Alonso household location model can enrich the intermediate microeconomics course. The model includes decisions on location, land space, and other goods and is a valuable complement to the usual textbook model of household consumption. It has three decision variables, one of which is a "bad," and one good's price is a nonlinear function of another decision variable. These instructive complications are easily within the grasp of students. The simulation illustrates algebraic utility functions that are important in later courses. The author describes ways to simulate various versions of the model, from relatively simple to advanced, including a version that incorporates time-allocation decisions, thus giving the instructor flexibility in teaching students of varying ability.
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subjects Alonso model
Basic Skills
Commuting
Computer Simulation
Consumer Science
Costs
Didaktik
Economic Instruction
Economic models
Economics Education
Education
Employment
Equilibrium
Expenditures
Geographic Location
Homework
Households
Instructional Effectiveness
Labor economics
Land Use
Learning
Marginal costs
Materials handling
Mathematical functions
Microeconomic modeling
Microeconomics
Modeling
Place of Residence
Prices
Public finance
Realism
Simulation
Statistical data
Students
Studies
Studium
Tax Rates
Teacher Effectiveness
Teachers
Teaching
Teaching Methods
teaching microeconomics
Theorie
Time on Task
Transportation
Transportation economics
Undergraduate Students
Urban economics
Utility functions
Variables
Wirtschaftswissenschaft
Wohnort
Wohnumgebung
title Computer simulation of the Alonso household location model in the microeconomics course
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