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Description
This PR collects feedback from the reading group on intro_supply_demand
.
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- Remove classes and use
NamedTuple
Add more explanation and comments on functions we used in the exercisescipy.optimize.minimize_scalar
andscipy.optimize.newton
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- 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?).
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jstac commentedon Feb 12, 2024
Thanks @HumphreyYang, nice summary.
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.