This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...

Giffen goods have long been a minor embarrassment to courses in microeconomic theory. The standard approach has been to dismiss Giffen goods as a theoretical curiosity without empirical content. This note points out that the underlying theory is itself seriously flawed.

This paper considers the methodological problem which the Giffen paradox poses for the economist intent on establishing the empirical status of microeconomic theory. We then turn to more general considerations of the falsifiability of economic theory based on discussions by Adolf Grünbaum....

This note describes an experiment, which is an extension of the experiment proposed by Levy and Bergen (1993). The experiment is designed to simulate an environment where something that is very similar to fiat money (i.e., is homogenous, durable, portable, storable, divisible, has no intrinsic...

Using Writing to Enhance Student Learning in Undergraduate Economics. Traditionally, principles of economics has been taught predominantly as a lecture class. Recent literature on pedagogy suggests that students learn more from an "active learning" approach, which engages students in ways that...

In this paper we explore the possibility, heretofore unexplored in the marketing literature, that firms “invest funds” in their pricing processes. This builds on some of the recent economic work on the costs of price adjustment. To do this we undertook a two-year, cross- disciplinary,...

Lessons From a General Education Oriented Principles of Economics Course Principles of Economics, as it is typically taught at the college level, is a predominantly lecture-based course using one of a variety of standard, voluminous texts, where students are exposed to a daunting array of...

Este es un curso de economía política enfocado desde el punto de vista del administrador, pretendiendo mostrar los conceptos básicos del tema que son relevantes para la administración de la empresa. De esta manera, se utiliza la grafica y las matemáticas solo como una manera de aclarar los...

This article reports how a two-term obligatory Microeconomics at the Universidade da Beira Interior, Portugal, has been taught for junior undergraduates of the three degrees: Business, Economics and Marketing, offered by the Department of Business and Economics. It reveals the trade-off between...

This paper presents new evidence on the effects of attendance on academic performance. We exploit a large panel data set for Introductory Microeconomics students to explicitly take into account the effect of unobservable factors correlated with attendance, such as ability, effort and motivation....