pyMicroeconomics 0.0.2

Functions for microeconomic analysis

Market Equilibrium Analysis

pyMicroeconomics is package for symbolic analysis and visualization of market equilibrium conditions with various supply and demand curve specifications.

Overview

This package provides tools for:

• Defining different types of supply and demand curves (linear, power, exponential, quadratic)
• Calculating market equilibrium points
• Computing consumer and producer surplus
• Visualizing market equilibrium with interactive plots

Installation

pip install pyMicroeconomics

Requirements

• Python 3.x
• SymPy
• NumPy
• Matplotlib
• IPython
• ipywidgets
• SciPy

Usage Examples

Basic Market Equilibrium Analysis

from market_equilibrium import linear_demand, linear_supply, market_equilibrium

# Create demand and supply equations
demand = linear_demand()
supply = linear_supply(c_param=20, d_param=3)   # q = 20 + 3p

# Calculate equilibrium
results = market_equilibrium(demand, supply)

# Display results
from market_equilibrium import display_equilibrium_results
display_equilibrium_results(results)

Interactive Plotting

from market_equilibrium import plot_market_equilibrium

# Create interactive plot with adjustable parameters
plot_market_equilibrium(results)

Supported Curve Types

Demand Curves

• Linear: $q = a - b p$
• Power: $q = exp(a)*p^b$
• Exponential: $q = exp(ap + b)$
• Quadratic: $q = a - b p^2$

Supply Curves

• Linear: $q = c + d p$
• Power: $q = exp(c) * p^d$
• Exponential: $q = exp(c*p + d)$
• Quadratic: $q = c + d p^2$

Contributing

Contributions are welcome! Please feel free to submit a Pull Request.

License

This project is licensed under the MIT License - see the LICENSE file for details.

Acknowledgments

• Built using SymPy
• Visualization powered by Matplotlib and ipywidgets