How to set up a network connection between Android phone and Windows PC without Internet

Is it possible to connect my Android phone (Galaxy S3) directly to my Windows (7) PC in such a way that I can make network connections to the PC from the phone, without a pre-existing WiFi network? My specific issue is that I want to be able to browse a website that is being hosted on the PC from my phone. It's for doing web development on the PC, and using the phone to check how it looks/behaves on mobiles. There is no WiFi access point or network available. Ideally I'd like a solution that doesn't involve the Internet at all - neither from the PC nor the phone. In my particular situation, it would also be ideal if this can be done over Bluetooth, but over USB or WiFi would suffice.