Skip to content

[intro_supply_demand] Improvement suggestions #358

Open
@HumphreyYang

Description

@HumphreyYang

This PR collects feedback from the reading group on intro_supply_demand.

Code

  • Remove classes and use NamedTuple
    Add more explanation and comments on functions we used in the exercise scipy.optimize.minimize_scalar and scipy.optimize.newton

Content

  • Explain willingness to pay and the actual price. We can add a visualization showing consumers' willingness to pay and calculate the discrepancy to the actual price (Can we run a simulation?).

Activity

jstac

jstac commented on Feb 12, 2024

@jstac
Contributor

Thanks @HumphreyYang, nice summary.

We can add a visualization showing consumers' willingness to pay and calculate the discrepancy to the actual price

Perhaps we could do this with a discrete bar graph first, so that readers can understand the integral is just an approximation of a sum.

Also, could have an introductory discussion of integration as computing area under a curve, and provide the simple integration rules that we are going to use.

Sign up for free to join this conversation on GitHub. Already have an account? Sign in to comment

Metadata

Metadata

Assignees

No one assigned

    Type

    No type

    Projects

    No projects

    Milestone

    No milestone

    Relationships

    None yet

      Development

      No branches or pull requests

        Participants

        @jstac@HumphreyYang

        Issue actions

          [intro_supply_demand] Improvement suggestions · Issue #358 · QuantEcon/lecture-python-intro