Phillip LeBel

Econ 501

Economic Analysis

As posted on the syllabus, this course contains weblinks to datasets, application modules, classroom case studies, and electronic reserve readings. These web-based materials are listed below.

 

Economic Analysis - Syllabus

 Datasets

1.

 Global Data
2.
 Bills, Bonds, Stocks, Inflation.
3.
 Variety in Consumer Choice
4.
 Bond Market Profile
5.
 U.S. Futures and Options Markets
6.
 Stock Market Bubbles
7.
 One Hundred Largest Companies, 2004
8.
 One Hundred Largest Companies, 2003
9.
 One Hundred Largest Companies, 2001
10.
 One Hundred Largest Companies, 1998 
11.
 One Hundred Largest Companies, 1995
12.
 U.S. Small Business Profile
13.
 Risk and Growth
14.
 East Europe Per Capita GDP 1997
15.
 Economic Freedom and Corruption
16.
 2001 Corruption Perceptions Index
17.
 Prisoner’s Dilemma
18.
 Union Membership in the U.S.
19.
 International Health Care
20.
 Education and Income
21.
 Energy Efficiency
22.
 U.S. Agriculture
23.
 Corruption and Economic Development
24.
 Corruption Perceptions Index 2001
25.
 Africa Data
26.
 Human Development Index 2004
27.
 Generosity Index 2004
28.
 The Ranking of Risk

 Application Modules

1.

 Economic Functions of the Public Sector,
2.
 Circular Flow Diagram
3.
 The Measurement of Risk
4.
 Simple Regression
5.
 Regression Supply and Demand
6.
 Introductory Price Elasticity
7.
 Price Elasticity Profiles
8.
 Engel Curves
9.
 The Cobb Douglas Production Function
10.
 Cost Analysis
11.
 The CES Production Function
12.
 Static Market Equilibrium
13.
 Strategic Convergence
14.
 The Cobweb Model
15.
 Excise Taxation
16.
 Random Demand Profit Maxima
17.
 Price Discrimination
18.
 Market Structures
19.
 Concentration Ratios
20.
 The Kinked Demand Curve Model
21.
 Market Structure and Conduct
22.
 Oligopoly Models
23.
 Optimal Resource Pricing
24.
 Joint Optimum Input Use
25.
  Labor Market Determination
26.
 Fundamentals of Finance
27.
 Optimal Investment Storage
28.
 Exhaustible Resource Model
29.
 Optimal Investment Decisions
30.
 The Cobweb Model
31.
 The Leontief Static IO Model
32.
 Externalities
33.
 The Basic Option Price Model
34.
 Income Differentials
35.
 The Gini Inequality Model
36.
 Voting Systems
37.
 Value At Risk Models
38.
 Risk and Pension Reform
39.
 Efficient Portfolio Decisions

 Classroom Case Studies

1.

 Basic Supply and Demand
2.
 Cobb-Douglas Utility Function
3.
 Own Price Elasticity of Demand
4.
 The Total Revenue Test
5.
 Engel Curves and the Income Elasticity of Demand
6.
 Variable Inputs in Production
7.
 Production and Cost Functions
8.
 Basic Economic Efficiency
9.
 Basic Market Dynamics
10.
 Economics of Excise Taxes
11.
 Trade and Tariff Economics
12.
 Optimal Excise Taxation
13.
 Pure Monopoly
14.
 Competition and Monopoly
15.
 Price Discrimination
16.
 The Multi-Product Monopoly Model
17.
 The Cournot Duopoly Model
18.
 Monopolistic Competition
19.
 Profit Maximization Under Risk
20.
 Strategic Behavior of Firms
21.
 Commodity Stabilization Models
22.
 Optimal Pricing of Exhaustible Resources
23.
 The Harrod-Domar Growth Model
24.
 Project Financial Analysis
25.
 The Am Djena Livestock Project
26.
 Income Distribution

 Course Reserve Readings

Allman,William F.(1985).,”Determining Risks with Statistics – and with Humanity,” Science 85/Baltimore Sun, October 13, 1985, p. 50.

Arrow, Kenneth J, Hollis B. Chenery, B.S. Minhas, and Robert M. Solow.  "Capital-Labor Substitution and Economic Efficiency". Review of Economics and Statistics LXIII (August 1961), pp. 225-250.

Arrow, Kenneth J., “The Organization of Economic Activity:  Issues Pertinent to the Choice of Market versus Non-Market Activity,” in Mansfield Readings, (437-455).

Arrow, Kenneth J.(1997), “Invaluable Goods,” Journal of Economic Literature XXXV (June): 757-765.

Arrow, Kenneth J. (1998), “What Has Economics to Say About Racial Discrimination,” Journal of Economic Perspectives 12:2 (Spring): 91-100.

Arthur, W. Brian (1989), “Competing Technologies, Increasing Returns, and Lock-In by Historical Events,” The Economic Journal 99:394 (March), 116-131.

Atkinson, Anthony B. (1987), “On the Measurement of Poverty,” Econometrica 55:4 (July), 749-764.

Bator, Francis M., “Anatomy of Market Failure,” Journal of Political Economy, (1958).

Baumol, William, (1965). “The Empirical Determination of Demand Relationships,” Economic Theory and Operations Analysis (Prentice-Hall, 1965).

Bergson, Abram.  "On Monopoly Welfare Losses".  American Economic Review LXIII (December 1973), pp. 853-870.

Bernouilli, Daniel (1954, 1738), “Exposition of a New Theory on the Measurement of Risk,” Econometrica 22:2 (January), 23-36.

Christenson, Laurits B., Dale W. Jorgenson, and Lawrence J. Lau (1973)."Transcendental Logarithmic Production Frontiers".  Review of Economics and Statistics LV, no. 1 (February 1973), pp. 28-45.

Coase, Ronald H (1937)., “The Nature of the Firm,” Economica, New Series 4:16 (November), 386-405.

Coase, Ronald H.(1960),  “The Problem of Social Cost”, Journal of Law and Economics  (October).

Conlisk, John (1996).  “Why Bounded Rationality?”  Journal of Economic Literature XXIV:2 (June 1996), pp. 669-700.

Coughlin, Cletus K., Alec Chrystal, and Geoffrey E. Wood (1988), "Protectionist Trade Policies: A Survey of Theory, Evidence and Rationale," Federal Reserve Bank of St. Louis (January/February 1988): 12-30.

Dixit, Avinash, and Robert Pindyck (1994), Investment Under Uncertainty (Princeton, NJ:  Princeton University Press).

Downs, Anthony (1957), “An Economic Theory of Political Action in a Democracy,” Journal of Political Economy I, 65:2 (April);, 135-150.

Federal Trade Commission (1973).  “The Petroleum Industry:  Structure and Conduct”, in Mansfield, Microeconomics Readings, (326-341).

Friedman, Milton and Leonard J.Savage (1948), “The Utility Analysis of Choices Involving Risk,” Journal of Political Economy I 56:4 (August), 279-304).

Galbraith, John Kenneth (1958).  “Consumer Behavior and the Dependence Effect”, in Mansfield,Microeconomics Readings, (3-6).

Harberger, Arnold C. (1954),  “Monopoly and Resource Allocation” (1954), in Mansfield, Microeconomics Readings, (198-209).

Harris, Ethan S., “Forecasting Automobile Output,” Federal Reserve Bank of New York Review (1985).

Hayek, Friedrich A.(1961),  “The Non Sequitur of the ‘Dependence Effect’”, in Mansfield, Microeconomics Readings, (7-11).

Holmstrom, Bengt, and John Roberts.  “The Boundaries of the Firm Revisited,” Journal of Economic Perspectives 12:4 (Fall 1998): 73-94.

Houthakker, Hendrik S. "An International Comparison of Household Expenditure Patterns, Commemorating the Centenary of Engel's Law'. Econometrica 25:4 (October 1957), pp. 252-272.

Kakwani, Nanak C. (1977). “Applications of Lorenz Curves in Economic Analysis,” Econometrica 45:3 (April), 719-728.

Landers, Renée M., James B. Rebitzer, and Lowell J. Taylor.  “Rat Race Redux:  Adverse Selection in the Determination of Work Hours in Law Firms”.  American Economic Review 86:3 (June 1996), pp. 329-346.

Leibenstein, Harvey,  “Bandwagon, Snob, and Veblen Effects in the Theory of Consumers’ DemandQuarterly Journal of Economics  (1950).

Leibenstein, Harvey,  “Allocative Efficiency vs. ‘X-Efficiency’” (1966), in Mansfield, Microeconomics Readings, (210-229).

Lorie, James H.,and Leonard J. Savage.  “Three Problems in Rationing Capital”, in Mansfield, Microeconomics Readings, (499-512).

Magee, John F.,  “Guides to Inventory Policy:  Functions and Lot Sizes”, in Mansfield, Managerial Economics Readings, (481-505).

Moore, Frederick T.,  “Economies of Scale:  Some Statistical Evidence” (1959), in Mansfield, Microeconomics Readings, (117-128).

Pareto, Vilfredo (1897), “The New Theories of Economics,” Journal of Political Economy 5:4 (September), 485-502.

Parkinson, C. Northcote, “Parkinson’s Law”, in Mansfield, Managerial Economics Readings, (63-70).

Porter, Robert H.,  “The Role of Information in U.S. Offshore Oil and Gas Lease Auctions”.  Econometrica 63:1 (January 1995), pp. 1-28.

Ramsey, Frank P. (1927), “A Contribution to the Theory of Taxation,” The Economic Journal 37:145 (March), 47-61.

Samuelson, William (1984), “Bargaining Under Asymmetric Information,” Econometrica 52:4 (July): 995-1007.

Shubik, Martin,  “A Note on Decision-Making Under Uncertainty”, in Mansfield, Managerial Economics Readings, (418-420).

Simon, Herbert A.,  “Theories of Decision-Making in Economics and Behavioral Science”, American Economic Review (1959).

Stigler, George J. (1957), “Perfect Competition, Historically Contemplated,” Journal of Political Economy 65:1 (February), 1-17.

Stiglitz, Joseph E., “The Causes and Consequence of the Dependence of Quality on Price,” Journal of Economic Literature 25 (March 1987): 1-48.

Walters, A.A.,  "Production and Cost Functions:  An Econometric Survey".  Econometrica 31:1-2 (January-April 1963), pp. 1-66.

 

 

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