11.29.08

Mankiw’s Latest Article in the NYTs

Posted in Aggregate Demand, Consumer Confidence, Fiscal Policy, John Maynard Keynes, Macroeconomics, National Debt, Savings & Investment at 4:53 pm by davidprudente

Here is Professor Mankiw’s latest article appearing in the New York Times…discussing what John Maynard Keynes would do in the current crisis…you’ll be reading about Keynes next in the Worldly Philosophers.

11.27.08

Study Help for Perfectly Competitive Markets

Posted in Perfect Competition, Pure Competition at 2:01 am by davidprudente

Here’s a handy-dandy set of lecture notes from a professor at UMBC. Special thanks to Samir Rao for bringing them to my attention. I hope they’re helpful.

P.S. Happy Thanksgiving!

11.26.08

Questions about the Efficient Scale Via Mankiw

Posted in Efficient Scale, Pure Competition at 11:36 am by davidprudente

Interesting tidbit contemplating the efficient scale from Mankiw’s Blog

11.21.08

Pure Competition Presentation

Posted in Pure Competition at 11:40 am by davidprudente

Here’s the link to the presentation that coincides with chapter 14 from the Mankiw text. Click on Chapter 23 to download the power point presentation.

11.13.08

An Example of a Pigovian Tax

Posted in Externalities, Pigovian Tax at 1:37 pm by davidprudente

Here’s an article from CNN that is an excellent example of a pigovian tax designed to eliminate a negative externality.

11.07.08

President-Elect Obama Discusses His Economic Priorities

Posted in Uncategorized at 3:31 pm by davidprudente

Watch the full press conference below

11.02.08

Deadweight Loss

Posted in Deadweight Loss at 3:04 am by davidprudente

Part of your homework this weekend was to be sure you are able to explain what deadweight loss is and how to find the area of deadweight loss on a graph. Here’s a link about deadweight loss for those of you savvy enough to check the blog. In addition, I’ve clipped in a graph that shows the area of deadweight loss below.

Or you can think of it this way (Link to site):