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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.
Persistent link: https://www.econbiz.de/10005125678
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...
Persistent link: https://www.econbiz.de/10005126234
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,...
Persistent link: https://www.econbiz.de/10005076823
Standardized test (TUCE) scores for students enrolled in a Social Issues course were compared to those of students in … score differences were found between students in the Social Issues course and those in the Principles of Macroeconomics …. However, Social Issues students were found to score significantly below students in the Principles of Microeconomics, ceteris …
Persistent link: https://www.econbiz.de/10005124965
We describe a multiproduct barter trading experiment in which students exchange real goods in an open market based on …
Persistent link: https://www.econbiz.de/10005125577
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628
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...
Persistent link: https://www.econbiz.de/10005134596
set for Introductory Microeconomics students to explicitly take into account the effect of unobservable factors correlated …
Persistent link: https://www.econbiz.de/10005134605
The effects on the market price of a change in the number of buyers, in the number of sellers, in the prices sellers set and in the buyers’ reservation prices are established in a simple network model of a market.
Persistent link: https://www.econbiz.de/10005135061
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 lectures often do not. One method of promoting active learning is to …
Persistent link: https://www.econbiz.de/10005062660