<title>Abstract</title> The Specific Factors model is an excellent learning tool. It provides insights into the meaning of economic efficiency, how complex economies simultaneously determine prices and quantities (and that it is relative prices that matter), and how changes in demand conditions or technology...

This paper offers an alternative to the view that budgetary decisions are incremental because they are complex, extensive, and conflicted. Our model interprets incrementalism as the result of a legislative political strategy in response to interest group politics and economic conditions....

The Specific Factors model is an excellent learning tool. It provides insights into the meaning of economic efficiency, how complex economies simultaneously determine prices and quantities (and that it is relative prices that matter), and how changes in demand conditions or technology can affect...

This paper describes the presentation of the Heckscher-Ohlin model of international trade using an Excel workbook. The model consists of a two-factor economy producing two goods. The production of each is represented by a Cobb-Douglas production function. Given the fixed supplies of the two...