| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 3-20 |
| Abstraksi Narasi | : | Dynamic models are increasingly used in economics, especially in macroeconomics. However, the skills required for constructing and analyzing dynamic models are advanced relative to those required for static models. Consequently, dynamic models are difficult to introduce into courses where the technical skills of students are modest or substantially varied. The author illustrates that, because it is inherently dynamic, Malthus`s Principle of Population provides a natural context for introducing dynamic analysis. Moreover, the context is useful for reviewing many mathematical tools and theoretical constructs often used in economics. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 82-91 |
| Abstraksi Narasi | : | The author`s central argument in this articles is that the current micro principles course is structured around an approach to policy that avoids many of the controversial but central issues of policy. These include (1) the interplay of moral issues and efficiency, (2) questions of consumer sovereignty, and (3) questions of the interrelation between measures of efficiency and income distribution. The current market-failure organizing framework of microeconoics principles textbooks excludes discussion of a broader set of failures of market outcomes: situations in which the market is doing everything it is supposed to be doing, but society is still unhappy with the result. The author suggests a dual market-failure and failure-of-market-outcome policy framework that encourages discussion of these broader issues. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 54-59 |
| Abstraksi Narasi | : | Excess burden is a key concept in the field of public economics, and the authors of most public finance textbooks describe more than one way to measure it. Excess burden can, for example, be viewed as the area of a triangle underneath a demand curve or as the value of a mathematical formula. To emphasize that these approaches measure the same concept, an instructor can show that changing any relevant variable has the same effect on excess burden in both representations. In so doing, instructors must take particular care when drawing the demand curves associated with changes in price and quantity. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 27-35 |
| Abstraksi Narasi | : | The author describes a series of matrix choice games illustrating monopoly, shared monopoly, Coutnot, Bertrand, and Stackelberg behavior given either perfect complements or perfect substitutes. The Games are created by using a spreadsheet to fill out a profit table given the choices of two players. One player selects the column, the other the row, and the table gives the profit of the row chooser. Becouse each player has a table, each thinks of him- or herself as the row chooser and the other as the column chooser. The games may be applied to international trade through the traditional Boeing v. Airbus story or, more currently, through foreign sales corporations. Addition of Bertrand competition allows discussion of price wars, and addition of perfect complements allows discussion of the proposed Microsoft breakup. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 60 |
| Abstraksi Narasi | : | - |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 21-26 |
| Abstraksi Narasi | : | The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory. |
| Nama Pengarang | : | Benigno Valdes, Andreas Ortmann, Eleanor Brown, Steven R. Beckman, Gregory A. Trandel, Colander, David, Mark Pingle, Steven A. Greenlaw, Stephen B. DeLoach, Jim Barbour |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 61-81 |
| Abstraksi Narasi | : | The author provides an interpretation of the post-World War II economic `miracle` of Japan as a process of economic convergence within the framework of the neoclassical Solow-Swan model of economic growth. He shows how the predictions of the Solow-Swan model are qualitatively consistent with the actual economic record of Japan in the decades following World War II. The article is intended to help in the teaching of economic growth and the Japanese economic miracle, either as part of a macroeconomics course or in an advanced elective course in economic growth and development or in Japan`s modern economic history. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 327-332 |
| Abstraksi Narasi | : | The author describes a modified version of the Paper River exercise that appeared in this journal in the Spring 1999 issue. The original game was designed to illustrate the application of the Coase theorem for solving an externality problem. In the Paper River, pairs of students share a single productive resource: small pieces of paper. At question is who has the rights to the paper. The author presents a modified version of the game that retains many of the same elements from the original, but the students work in groups rather than in pairs. Doing so increases the transaction costs associated with negotiating a solution. In addition, the productive resource is common property, so property rights are difficult to establish. These difficulties make a Coasian solution more difficult but make the simulation more realistic. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 333-346 |
| Abstraksi Narasi | : | Over the last decade, many central banks have adopted policies known as inflation targeting. If intermediate-level macroeconomics students are to be prepared to think about current policy issues, it is important to provide them with an introduction to the macroeconomic implications of inflation targeting. Unfortunately, the standard aggregate demand- aggregate supply frameworks commonly used to teach intermediate macroeconomics are not well suited for this task because they are expressed in terms of output and the price level and because they fail to make explicit the policy objectives of the central bank. The author provides a simple graphical device involving the output gap and the inflation rate that overcomes these problems and that can be used teach intermediate macroeconomics students about inflation targeting. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | The Journal of Economic Education |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 357-366 |
| Abstraksi Narasi | : | The endogeneity of the efficient frontier in the mean-variance model of portfolio selection is commonly obscured in the portfolio selection literature and in widely used textbooks. The authors demonstrate this endogeneity and discuss the impact of parameter changes on the mean-variance efficient frontier and on the beta coefficients of individual assets. |
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