My latest Mathematica demonstration uploaded to the Wolfram Demonstrations Project illustrates income and substitution effects via a constant elasticity of substitution utility function. Below the indifference curves and budget constraints is a graph of the Hicksian and Marshallian demand curves. Note that the graphs can be resized for better projection in front of a classroom.
Download the free player software to run the demonstration.
Awesome! Bookmarked!
keep bloging, looks nice.