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MacroEconomic Conceptual Visualizations (How the real economy works)

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Helsworth
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Post: #1
MacroEconomic Conceptual Visualizations (How the real economy works)

The functioning or malfunctioning of the economy affects everyone. Unfortunately, the educational system has failed to adequately teach us how the economy works, and myths abound. The goal of this site is to make important concepts in macroeconomics and markets easier to understand for a wider audience.
http://econviz.org/
(Click on the tutorial and select the audio option. Enjoy!)

About This Site

Macroeconomics is very well suited to conceptual visualization, yet most educational material (for example in the blogosphere) remains text-centered rather than visually-centered. This site provides content in an interactive multimedia web format.

Why not just provide videos? The EconViz approach is an attempt to go beyond what conventional videos on the web can offer by incorporating the following features (in additional to the visuals, animation and narration that videos have too):

EconViz diagrams are interactive — mouse over elements to see conceptual connections dynamically highlighted, supplemental text bubbles, etc.
Drill-down to optional advanced details — many steps of the tutorial explanations can optionally be clicked on to read more.
Interactive educational exercises are embedded in the content — use buttons and sliders to control diagrams and learn concepts by "playing" with the economy's mechanics directly! (In the future this could include hands-on quizzes, games, etc).
Natural pauses between pages to read and digest content allow easy topic review (if desired) to reinforce concepts before moving to the next page.
Diagrams scale to the size of your browser window with no loss of detail (EconViz uses vector graphics, while standard videos are limited to bitmap graphics).
Data visualization helps us grasp the size and direction of trends in the economy and markets, but doesn't directly illustrate the underlying mechanics. The most common form is charts and graphs, but many other formats have been explored. This site will only focus on data visualization to the extent that it enhances understanding of the concepts.

The workings of the economy as explained on this site are inspired by a branch of macroeconomics sometimes referred to as MMT (Modern Monetary Theory) or neo-Chartalism. MMT is part of (and largely consistent with) the heterodox Post-Keynesian school of economics. Related academic work can be found at the University of Missouri-Kansas City economics department, the Levy Economics Institute of Bard College, and many places on the web, for example the New Economic Perspectives blog, Bill Mitchell's blog, and Warren Mosler's blog.


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25.04.2013 15:53
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Titian
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Post: #2
RE: MacroEconomic Conceptual Visualizations (How the real economy works)

[imagine long, detailed text expressing utmost disapproval and comparisons of P-Ks with cappuccino-drinkers here]


"If you grab them by their balls, their hearts and minds will follow." (Yes, Minister)

25.04.2013 19:19
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Helsworth
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Post: #3
RE: MacroEconomic Conceptual Visualizations (How the real economy works)

I don't drink cappuccino. Only water, wine and (like a pussy) lemon beer. ^^


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25.04.2013 19:40
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Titian
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Post: #4
RE: MacroEconomic Conceptual Visualizations (How the real economy works)

the point is, that, in my opinion, both are already bad enough on their own. May I help all of us should they ever be combined fear


PS: Oh, sorry, I forgot that you are not very religious Zwinker2


"If you grab them by their balls, their hearts and minds will follow." (Yes, Minister)

25.04.2013 22:02
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Helsworth
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Post: #5
RE: MacroEconomic Conceptual Visualizations (How the real economy works)

Titian Wrote:
May I help all of us should they ever be combined fear


PS: Oh, sorry, I forgot that you are not very religious Zwinker2

Well I might be, if you're the god that's calling the shots for creation.


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25.04.2013 22:07
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Khieu Samphan
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Post: #6
RE: MacroEconomic Conceptual Visualizations (How the real economy works)

They have a picture of Cambodia on the front page.

26.04.2013 08:05
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