PPT-ECON 442 History of Economic Thought

Professor Malamud BEH 502 course outline httpfacultyunlvedubmalamuda9442sp11outlinedoc the ideas of economists and political philosophers both when they are right and when they are wrong are more powerful than is commonly understood . Slides. . © Michael R. Ward, UTA 2014. Bagel Shop. You run . a small bagel shop. You have engaged in a market study to categorize your customers’ willingness to pay for a meal (. coffee & bagel. Presentation . 7. Petr. Wawrosz. German Historical School. Absolutist versus relativist approach. Absolutist approach: tends to believe that there are some objective, absolute “facts or truths” about the perceptions and patterns of economic behavior that cross cultural, temporal and social boundaries. These beliefs and patterns of behavior are perceived as universal. They are believed to apply in every society at all times in similar ways.. Slides. . © Michael R. Ward, UTA 2014. Moral Hazard. Once you have insurance, the cost of an accident is reduced, which also reduces the cost of the risky behavior, which results in riskier . behavior. Slides. . © Michael R. Ward, UTA 2014. Divisions of a Firm. A . Division. is any . logical . sub-organization . of the . firm . Sometimes referred to as its Organizational . Architecture. Ex. . Functional. 1 0 13 2014 Slides. . © Michael R. Ward, UTA 2014. Donut Holes. Making Decisions on the Margin. A friend does an experiment in class. Hands one student a box of donut holes. “Eat as many as you want.”. Hands another student a watch. “Mark the time between donut holes.”. Summer session I. Appendix . ch. 24 + other sources. Macroeconomic Schools of Thought . Philosophical Debates in Economics. Consider a riddle:. “A man and his son are driving to a championship football game. It is late December and the roads are covered with snow. They hit a patch of ice and crash into a telephone pole. An ambulance rushes the son to a nearby hospital and operating room. The doctor walks in and says, “I can’t operate, that’s my son.” How could this be true?”. What is economic thinking about . Petr. Wawrosz. The term „economy“ or „economics“. Term „economy“ or „economics“. Word „economy“ comes from Greek word „. oikonomos. “. Oikonomos. 2. Why study bubbles?. “[An] issue that clearly needs more attention is the formation and propagation of asset price bubbles…I suspect that progress will require careful empirical research with attention . 16101//26900/92/3Lx0000x0000/07/90-/x0000304A22--WK/x00000137224420-991/x0000x0000025261-738/917/0/-/01/2314X/3-Y//13x0000/3-A2200451x0000/22/A6944/36/09--99-A114420/x0000/3-D7G/4x TxJ ETx Q qx 02x4 ࿅൘០᥶3121<47;283.7 



 

 


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B  study of flow of goods and services across space. Look at ways in which people provide for themselves across the globe. Geographic patterns of inequality at different scales. Globalization:. is a MAJOR thread throughout econ geo….free trade, international trade, international econ alliances, etc.. Econ Geog. Economic Geography:. study of flow of goods and services across space. Look at ways in which people provide for themselves across the globe. Geographic patterns of inequality at different scales. Lecture 24 Review Econ 340 Econ 340, Deardorff, Lecture 24: Review 2 Lecture 24 Outline For each lecture: Outline Major questions Lists of Terms Acronyms Clicker questions Especially on graphs Econ 340, Deardorff, Lecture 24: Review 3