Phillip LeBel

Intermediate Microeconomics

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.

Intermediate Microeconomic Analysis

Econ 306 Intermediate Microeconomics

 Course Reserve Readings

Acemoglu, Daron and Thierry Verdier (2000).  "The Choice Between Market Failures and Corruption," American Economic Review, 90:1 (March), 194-211.

Acemoglu, Daron and James A. Robinson (2001). "A Theory of Political Transitions." American Economic Review, 91:4 (September), 938-963.

Aghion, Philippe, Eve Caroli, and Cecilia Garcia-Penalosa (1999). "Inequality and Economic Growth: The Perspective of the New Growth Theories," Journal of Economic Literature, 37:4 (December), 1615-1660.

Agrawal, Anup, and Charles R. Knoeber (2001). "Do Some Outsiders Play a Political Role?" Journal of Law and Economics 44:1 (April), 179-198.

Alesina, Alberto and Roberto Perotti (1998). "Economic Risk and Political Risk in Fiscal Unions," Economic Journal, 108:449 (July), 989-1008.

Alesina, Alberto, Reza Baqir, and William Easterly (1999). "Public Goods and Ethnic Divisions," Quarterly Journal of Economics 114:4 (November), 1243-1284.

Allman, William F., "Determining Risks with Statistics - and with Humanity," Science 85/Baltimore Sun, October 13, 1985, p. 50.

Andreoni, James, Brian Erard, and Jonathan Feinstein (1998). "Tax Compliance," Journal of Economic Literature, 36:2 (June), 818-860.

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

Barron, John M., Byung-Uk Chong, and Michael E. Staten (2008), "Emergence of Captive Finance companies and Risk Segmentation in Loan Markets: Theory and Evidence," Journal of Money, Credit and Banking 40:1 (February), 173-192

Bator, Francis M. (1958), “Anatomy of Market Failure,” Journal of Political Economy, 72:3 (August), 351-379.

Baumol, William (1965), "The Empirical Determination of Demand Relationships," Economic Theory and Operations Analysis (Englewood Cliffs, New Jersey: Prentice-Hall).

Beck, Paul J., and Thomas S. Zorn (1982), "Managerial Incentives in a Stock Market Economy" Journal of Finance 37:5 (December), 1151-1167.

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

Bernoulli, Daniel (1954, 1738), "Exposition of a New Theory on the Measurement of Risk," Econometrica 22:1 (January), 23-36.

Borenstein, Severin, James Bushnell, and Frank Wolak (2001).  "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," paper presented at the ASSA conference in Atlanta, Georgia (January).

Shijun Cheng (2004). "R&D Expenditures and CEO Compensation" The Accounting Review 79:2 (April), 305-328.

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).

Cobb, Charles W. and Paul H. Douglas (1928), "A Theory of Production," American Economic Review, 18:1, Papers and Proceedings (March), 139-165.

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

Congressional Budget Office (2005), "Corporate Income Tax Rates: International Comparisons", (Washington, D.C.: Congressional Budget Office, November).

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),12-30.

Datta-Chaudhuri, Mrinal (1990). "Market Failure and Government Failure," Journal of Economic Perspectives, 4:3 (Summer), 25-39.

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

Duggan, John and Joanne Roberts (2002). "Implementing the Efficient Allocation of Pollution," American Economic Review, 92:4 (September), 1070-1078.

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

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

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

Golan, Elise, Fred Kuchler, and Lorraine Mitchell (2000).  "Economics of Food Labeling".  (Washington, D.C.:  Economic Research Service, U.S. Department of Agriculture, Agricultural Economic Report No. 793).

Goodland, Robert (1995). "The Concept of Environmental Sustainability," Annual Review of Ecology and Systematics, 26, 1-24.

Hanoch, Giora (1971), "CRESH Production Functions," Econometrica 39:5 (September), 695-712.

Harberger, Arnold C. (1954), "Monopoly and Resource Allocation," American Economic Review 44:2, Papers and Proceedings (May), 77-87.

Hayek, Friedrich A (1961)., "The Non Sequitur of the 'Dependence Effect'", in Mansfield Microeconomics Readings, (7-11).

Heady, Earl O. (1957), "An Econometric Investigation of the Technology of Agricultural Production Functions," Econometrica 25:2 (April), 249-268.

Holmstrom, Bengt, and John Roberts (1998). "The Boundaries of the Firm Revisited," Journal of Economic Perspectives 12:4 (Fall): 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.

Jorgenson, Dale W. (1998). "Did We Lose the War on Poverty?," Journal of Economic Perspectives, 12:1 (Winter), 79-96.

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

Kahneman, Daniel and Amos Tversky (1979), "Prospect Theory: An Analysis of Decision Under Risk," Econometrica 47:2 (March), 263-292.

Krautkraemer, Jeffrey A. (1998).  "Nonrenewable Resource Scarcity," Journal of Economic Literature, 36:4 (December), pp. 2065-2107.

LeBel, P. (2005).  "Optimal Pricing of Biodiverse Natural Resources for Sustainable Economic Growth," Journal of Development Alternatives, 24:1-2 (March-June), 5-38.

LeBel, P. (1999), "Measuring Sustainable Economic Development in Africa," Scandinavian Journal of Development Alternatives, 18:2-3 (June-September), 265-282.

Leibenstein, Harvey (1950), "Bandwagon, Snob, and Veblen Effects in the Theory of Consumers' Demand" Quarterly Journal of Economics 64:2 (May), 183-207.

Leibenstein, Harvey (1966), "Allocative Efficiency vs. 'X-Efficiency'" American Economic Review 56:3 (June), 392-415.

Moore, Frederick T. (1959), "Economies of Scale: Some Statistical Evidence," Quarterly Journal of Economics 73:2 (May), 232-245.

Nash, John F., Jr. (1953), "Two-Person Cooperative Games," Econometrica 21:1 (January), 128-140.

Nash, John F., Jr. (1950), "The Bargaining Problem," Econometrica 18:2 (April), 155-162.

Newell, Richard G., James N. Sanchirico, and Suzi Kerr (2002).  "Fishing Quota Markets," Discussion Paper 02-20.  (Washington, D.C.:  Resources for the Future).

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

Park, Rolla Edward, (1971), "Congestion Tolls for Commercial Airports," Econometrica, 39:5 (September), 683-694.

Parkinson, C. Northcote, "Parkinson's Law", in Mansfield Managerial Economics Readings, (63-70).

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

Pratt, John W. (1964), "Risk Aversion in the Small and in the Large," Econometrica 32:1-2 (January-April), 122-136.

Radford, R.A. (1945), "The Economic Organization of a P.O.W. Camp," Economica, New Series, 12:48 (November), 189-201.

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

Ravenkar, Nagesh S., (1971), "A Class of Variable Elasticity of Substitution Production Functions," Econometrica, 39:1 (January), 61-71.

Samuelson, Paul A. (2004), "An Outsider Challenges Outsourcing's Orthodoxy," New York Times interview from Journal of Economic Perspectives fall 2004 article, September 9, 2004

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

Simon, Herbert A. (1959), "Theories of Decision-Making in Economics and Behavioral Science", American Economic Review, 49:3 (June), 253-283.

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

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

Stiglitz, Joseph E. (1998). "The Private Uses of Public Interests: Incentives and Institutions," Journal of Economic Perspectives, 12:2 (Spring), 3-22.

Sweezy, Paul M. (1939), "Demand Under Conditions of Oligopoly," Journal of Political Economy, 47:4 (August), 568-573.

Tiebout, Charles M. (1956), "A Pure Theory of Local Expenditures," Journal of Political Economy 64:5 (October), 416-424.

Tirole, Jean (1985), "Asset Bubbles and Overlapping Generations," Econometrica, 53;5 (September), 1071-1100.

Viscusi, W. Kip (1997), "Alarmist Decisions with Divergent Risk Information," Economic Journal, 107:445 (November), 1657-1670.

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

Wei Shen and Albert A. Cannella, Jr. (2002) "Revisiting the Performance Consequences of CEO Succession: The Impacts of Postsuccesion Senior Executive Turnover, and Departing CEO Tenure," The Academy of Management Journal 45:4 (August), 717-733

Datasets
1.
 Africa Data
2.
 Agricultural Subsidies
3.
 Bills, Bonds, Stocks, Inflation
4.
 Bond Market Profile
5.
 Chesapeake Bay Marine Harvests
6.
 Consumer Variety
7.
 Consumer Price Index for the U.S. 1913-2009
8.
 Corruption and Economic Development, 2001
9.
 Economic Freedom and Corruption
10.
 Education and Income
11.
 Elasticity Estimates of Various Goods
12.
 Energy - Crude Oil Prices
13.
 Energy Efficiency
14.
 Energy Markets
15.
 Energy Resources
16.
 Gallery of Economic History
17.
 Generosity Index 2001
18.
 Generosity Index 2004
19.
 Global Climate Indicators
20.
 Global Energy Intensity
21.
 Global Temperatures
22.
 Globalization Trends
23.
 Growth and Development
24.
 Growth and Trade
25.
 Human Development Index 1998
26.
 Human Development Index 2001
27.
 Human Development Index 2004
28.
 Human Development Index 2010
29.
 International Clean Water Access Rates, 1980-2005
30.
 International Health Care
31.
 International R and D Patterns
32.
 Measuring Global Information Levels
33.
 One Hundred Largest Companies, 1995
34.
 One Hundred Largest Companies, 1999
35.
 One Hundred Largest Companies 2002
36.
 One Hundred Largest Companies 2004
37.
 Risk and Economic Growth
38.
 Risk Perception Rankings
39.
 Stock Market Bubbles
40.
 Do Types of Taxation Affect Real Per Capita GDP?
41.
 Tax Havens
42.
 Telecommunications Mergers
43.
 The Global Commercial Aircraft Market
44.
 U.S. Agriculture
45.
 U.S. Budget and Trade Balance
46.
 U.S. Budget Trends
47.
 U.S. Carbon Dioxide Emissions
48.
 U.S. Carbon Dioxide Intensity
49.
 U.S. Civilian Labor Force
50.
 U.S. Current R and D by Source
51.
 U.S. Futures and Options Markets
52.
 U.S. High-Level Nuclear Waste
53.
 U.S. Low-Level Nuclear Waste
54.
 U.S. Municipal Solid Waste
55.
 U.S. Superfund Sites
56.
 Venture Capital Personified
57.
 World Air Passenger Travel Trends
58.
 World Bicycle Production
59.
 World Biofuels Production
60.
 World Fish Consumption
61.
 World Fossil Fuel Consumption
62.
 World Grain Production
63.
 World Meat Production
64.
 World Metals Production
65.
 World Nuclear and Renewable Energy
66.
 World Profitability and Risk in Globalization
67.
 World Roundwood Production
68.
 World Vehicle Production
69.
 World Wars and Armed Conflicts
70.
 World Weather Losses

Application Modules
1.
 Am Djena Project Case Study
2.
 AmDjenaLoanSolution
3.
 Basic Cost Benefit Analysis
4.
 Basic Forecasting
5.
 Biodiversity Index
5.
 Chaos in Asset Pricing
6.
 Circular Flow Diagram
7.
 Cobb Douglas Production Function
8.
 Cobb Douglas Utility Function
9.
 Commodity Price Stabilization
10.
 Competitive Strategy
11.
 Concentration Ratios
12.
 Cost Analysis
13.
 Cost Curve Relationships
14.
 Economic Analysis First Exam Review
15.
 Economic Analysis Second Exam Review
16.
 Economic Analysis Final Exam Review
17.
 Economic Functions of the Public Sector
18.
 Efficient Portfolios
19.
 Engel Curves
20.
 Excise Taxation
21.
 Excise Tax Criteria
22.
 Excise Tax Optimization
23.
 Exhaustible Resource MultiPeriod Model
24.
 Externalities
25.
 Externalities Optimal Management Model
26.
 Fundamentals of Finance
27.
 Income Inequality Measurement
28.
 Introductory Price Elasticity
29.
 Introductory Price Elasticity Summary Relations
30.
 Leontief Basic Static Input-Output Model
31.
 Marginal Productivity
32.
 Market Structures
33.
 Matrix Operations
34.
 Millet Mill Solution Tableau
35.
 Optimal Allocation of Renewable Natural Resources
36.
 Optimal Investment Storage
37.
 Optimal Product Mix
38.
 Optimal Resource Pricing
39.
 Optimal Taxation of Negative Externalities
40.
 Pension Systems
41.
 Price Discrimination and Economic Efficiency
42.
 Price Elasticity Profiles
43.
 Random Demand Profit Maxima
44.
 Regression Demand and Supply
45.
 Renewable Natural Resources Single Species Dynamics
46.
 Simple Regression Analysis
47.
 Social Discrimination
48.
 Stock Market Valuation
49.
 Strategic Plan Framework
50.
 Supply and Demand
51.
 Tariffs and Quotas in International Trade
52.
 The Basic Stock Option Pricing Model
53.
 The Circular Flow of an Economy
54.
 The Cobweb Model
55.
 The Gini Inequality Model
56.
 The Law of Variable Proportions
57.
 The Measurement of Risk
58.
 The Ranking of Risk
59.
 Tradable Pollution Permits
60.
 Transportation Problem
61.
 Tropical Timber Model
62.
 Point Voting Systems
63.
 Voting Systems
64.
 Working Capital Management

Case Studies
1.
 Basic Supply and Demand
2.
 The Own Price Elasticty of Demand and Total Revenue Test
3.
 Optimal Food Stamp Pricing
4.
 Engel Curve Income Elasticity of Demand
5.
 Excise Taxation Case Study
6.
 Optimal Excise Taxation
7.
 Trade and Tariff Economics
8.
 Variable Inputs in Production
9.
 Production and Cost Functions
10.
 Basic Economic Efficiency
11.
 Basic Market Dynamics
12.
 Pure Monopoly
13.
 Competition versus Monopoly
14.
 Multi-product Monopoly Model
15.
 The Cournot Duopoly Model
16.
 The Strategic Behavior Model
17.
 Commodity Price Stabilization
18.
 Profit Maximization under Risk
19.
 Optimal Pricing of Exhaustible Resources V.1
20.
 Static Natural Resource Optimization
21.
 Renewable Natural Resource Optimization
22.
 Externalities Case Study
23.
 The Leontief Static Input-Output Model
24.
 The Basic Harrod Domar Model
25.
 Financial Analysis of Projects
26.
 Case Study - The Millet Mill Project
27.
 The Am Djena Livestock Project
28.
 Polynomial Ambiguity
29.
 Livestock Econometric Model
30.
 Income Distribution

 

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