Those lecture notes cover the basics of a course in microeconomic theory for MSc students in Economics. They were developed over five years of teaching MSc Economic Theory I in the School of Economics at the University of East Anglia in Norwich, UK.The programme of this course is divided in...

This is a classroom activity using the free ESPN Fantasy Baseball platform to draft players and the Out of the Park software ($40) to simulate a baseball season. The activity enhances learning of economic concepts of marginal product and competitive balance. It also improves the data literacy...

This business problem for microeconomic students might be used as part of a problem set or as a take-home exam. It highlights the importance of marginal analysis, and the implications of the fact that rational individuals will undertake the most cost-effective measures first

Random effects estimates using panel data for 42 colleges and universities over 16 years reveal that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty...

It is often said that after the crisis economic textbooks have to be rewritten. However, as surveys show, almost all professors continue using the standard IS-LM/AS-AD model as the workhorse for undergraduate training. This paper shows that the IS-LM/AS-AD model is not only full of obvious...

The paper reports the results of a statistical analysis of the assignment and examination marks and final grades obtained by students in intermediate macroeconomics at Massey University over the 2000-2011 period. Basic probability concepts and multiple regressions are employed. Unconditional and...