QuantEcon / QuantEcon/lecture-python-intro

[intro_supply_demand] Explain basic backgrounds for (inverse)supply demand curve

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improve reading-group-2023
Dominant language
Jupyter Notebook
Stars
65
Forks
32
Avg merge
4d 14h
Merged PRs (30d)
6

Description

  • Explain q = f(p) before using p = g(q).
  • We believe that adding an illustration (say, an example using the labor market) of the following concepts might be helpful to readers without an economics background.
    • demand and supply curves
    • inverse demand and supply curves

Contributor guide

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First steps

  1. Read the whole issue, then the project's contributing guide.
  2. Comment on the issue to say you are picking it up — it saves two people doing the same work.
  3. Fork the repository and make your change on a branch.
  4. Open a pull request that references the issue number.

Research direction

Locate the intro_supply_demand notebook or lecture entry point and review how q = f(p) and p = g(q) are currently introduced. Add basic explanations and a labor-market illustration covering demand and supply curves plus their inverse forms; done means readers without an economics background can follow the concepts.

Written by the indexing model from the issue text.

Assessment

Tech stack
jupyter-notebook
Domain
content, documentation
Issue type
Documentation
Difficulty
2/5
Estimated time
Half a day
Activity status
Stale
Clarity
Mostly clear
Newbie friendliness
42/100

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