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Use of Excel to explain basics
September 2, 2007 | | Leave a Comment
Excel has become the workhorse in datamanagement. There are many reasons not to use the package. Flaws incomputations have been documened but for me a bigger flaw is the difficulty to keep your data intact. Changes to data are easily made but it’s very hard to keep track of them. Unfortunately it is a package that is widely availble and therefore used by many. This familiarity makes it a package use can use to explain simple economic concepts. Two examples are for instance given by Aaron Schiff with a simple supply and demand model. Many more are provided by Wilson Mixon and Soumaya Tohamy, mainly micro-economics (Mankiw).
