Using python and google Colab to teach undergraduate microeconomic theory

2021 ◽  
pp. 100225
Author(s):  
Masanori Kuroki
Keyword(s):  
Microeconomic Theory

Finn Kydland and Edward Prescott: Driving Forces behind Economic Cycles (2004 Nobel Prize in Economics)

2005 ◽  
pp. 133-143 ◽  
Author(s):  
E. Balashova
Keyword(s):  
Nobel Prize ◽  
Driving Forces ◽  
Microeconomic Theory ◽  
Business Cycle Theory ◽  
Economic Cycles ◽  
Cyclical Fluctuations ◽  
Long Run ◽  
Time To Build ◽  
New Business ◽  
Extensive Research Program

The method of analyzing and modeling cyclical fluctuations of economy initiated by F. Kydland and E. Prescott - the 2004 Nobel Prize winners in Economics - is considered in the article. They proposed a new business cycle theory integrating the theory of long-run economic growth as well as the microeconomic theory of consumers and firms behavior. Simple version of general dynamic and stochastic macroeconomic model is described. The given approach which was formulated in their fundamental work "Time to Build and Aggregate Fluctuations" (1982) gave rise to an extensive research program and is still used as a basic instrument for investigating cyclical processes in economy nowadays.

Continuous Decisions

2020 ◽  
Author(s):  
Seng Bum Michael Yoo ◽  
Benjamin Hayden ◽  
John Pearson
Keyword(s):  
Decision Making ◽  
Control Theory ◽  
Hierarchical Structure ◽  
Action Planning ◽  
Extended Period ◽  
Microeconomic Theory ◽  
Engineering Control ◽  
Over Time ◽  
Academic Study

Humans and other animals evolved to make decisions that extend over time with continuous and ever-changing options. Nonetheless, the academic study of decision-making is mostly limited to the simple case of choice between two options. Here we advocate that the study of choice should expand to include continuous decisions. Continuous decisions, by our definition, involve a continuum of possible responses and take place over an extended period of time during which the response is continuously subject to modification. In most continuous decisions, the range of options can fluctuate and is affected by recent responses, making consideration of reciprocal feedback between choices and the environment essential. The study of continuous decisions raises new questions, such as how abstract processes of valuation and comparison are co-implemented with action planning and execution, how we simulate the large number of possible futures our choices lead to, and how our brains employ hierarchical structure to make choices more efficiently. While microeconomic theory has proven invaluable for discrete decisions, we propose that engineering control theory may serve as a better foundation for continuous ones. And while the concept of value has proven foundational for discrete decisions, goal states and policies may prove more useful for continuous ones.

Dead Pledges

2016 ◽  
Author(s):  
Annie McClanahan
Keyword(s):  
Economic History ◽  
Credit Scoring ◽  
Cultural Analysis ◽  
Microeconomic Theory ◽  
Contemporary Culture ◽  
Popular Entertainment ◽  
Political Consequences ◽  
Avant Garde ◽  
Irrational Behavior ◽  
Cultural Texts

Dead Pledges is a study of our contemporary culture of debt. Examining novels, poems, artworks, photographs, and films produced in the wake of the financial crisis of 2008, this book aims to show how US cultural texts have grappled with the rise and fall of the financialized consumer credit economy. It argues that debt is such a ubiquitous yet elusive social form that we can most clearly understand it by looking at how our culture has sought to represent it. Whether popular entertainment or avant-garde art, post-crisis cultural texts allow us to map the landscape of contemporary debt: from foreclosure to credit scoring, student debt to securitized risk, microeconomic theory to anti-eviction activism. Across this range of sites, this book offers an account of the theoretical and political consequences of debt: how it affects our ideas of personhood and morality; how it deploys a language of irrational behavior and risky excess; how it transforms our relationship to property and possession. Bringing together economic history, debt theory, and cultural analysis, Dead Pledges demonstrates how our understanding of the economy can be illuminated by culture. What is at stake in our contemporary culture of debt is not just our measures of economic credibility but also the limits of our imaginative credulity; not just our account of economic character but also our literary characters; not just the money we see but also the way we see money; not just how we pay but also how we imagine getting payback.

: (Microeconomic Theory of Regulation: Applied Aspects)

2015 ◽  
Author(s):  
Tatiana Radchenko ◽  
Andrey E Shastitko
Keyword(s):  
Microeconomic Theory ◽  
Theory Of Regulation

scholarly journals Pengembangan media pembelajaran ekonomi mikro interaktif berkarakter pembelajaran hybrid

2018 ◽  
Vol 5 (1) ◽  
pp. 82-90
Author(s):  
Ady Soejoto ◽  
Harti Harti ◽  
Luqman Hakim ◽  
Muhammad Abdul Ghofur
Keyword(s):  
Development Process ◽  
Interactive Learning ◽  
Hybrid Learning ◽  
Development Model ◽  
Microeconomic Theory ◽  
State University ◽  
Android Operating System ◽  
Media Applications ◽  
Target Output ◽  
Micro Learning

Masih sedikitnya pilihan media yang dapat digunakan dalam pembelajaran hybrid mendorong pentingnya mengembangkan media pembelajaran interaktif yang sesuai dengan kebutuhan mahasiswa Universitas Negeri Surabaya khususnya untuk Mata Kuliah Teori Ekonomi Mikro. Oleh karena itu, penelitian ini bertujuan untuk mengembangkan media pembelajaran ekonomi mikro interaktif berkarakter pembelajaran hybrid. Metode pengembangan media ini menggunakan model pengembangan ADDIE dengan target output yaitu aplikasi media pembelajaran Ekonomi Mikro interaktif yang bisa dijalankan di perangkat Android dan Windows. Subjek penelitian ini adalah pembelajaran pada Program Studi Pendidikan Ekonomi Pascasarjana Unesa. Setelah dilakukan analisis sampai pengembangan selama sekitar 4 bulan dihasilkan output aplikasi media pembelajaran interaktif ini yang bisa dijalankan pada sistem operasi Windows dan Android untuk diterapkan pada pembelajaran hibrid komplementer mata kuliah Teori Ekonomi Mikro. Media pembelajaran ini masih sangat mungkin untuk dikembangkan lagi, baik dari sisi materi, tampilan format maupun assessmen.Kata kunci: pembelajaran hybrid, media pembelajaran, interaktif DEVELOPING MICROECONOMICS INTERACTIVE LEARNING MEDIA WITH HYBRID LEARNING CHARACTERISTICSAbstractThis study aims to develop a hybrid micro-economic interactive learning media, because of the minimum of media selection that can be used in hybrid learning was less to encourages learning process. This development also important to accordance with the needs of students in the State University of Surabaya, especially for the Course of Microeconomic Theory. This method of media development using the ADDIE development model with the target output is an interactive Micro-learning learning media applications that can run on Android and Windows devices. After the development process for about 4 months generated the output of this interactive learning media applications that can run on Windows and Android operating system to apply to complementary hybrid learning subjects Micro Economic Theory. Learning media is still very likely to be developed again, both in terms of materials, display formats and assessment.Keywords: hybrid learning, learning media, interactive

scholarly journals Limitations of modern microeconomic theory of consumer choice: Sociological perspective

Sociologija ◽  
2008 ◽  
Vol 50 (3) ◽  
pp. 313-326 ◽  
Author(s):  
Ognjen Radonjic
Keyword(s):  
Theoretical Model ◽  
Consumer Choice ◽  
Microeconomic Theory ◽  
Market Demand ◽  
Sociological Perspective ◽  
Neoclassical Theory ◽  
Demand Functions ◽  
Sociological Factors ◽  
And Behavior ◽  
Better Than

Neoclassical theory of consumer choice needs to be reformed. Assumption that consumer choice is not influenced by the choice of others is in collision with reality. New and better theory of consumer choice is unimaginable without incorporation of intersubjective factors into the model of derivation of individual and aggregate (market) demand functions. Goal of this study is to underline widely neglected sociological factors that have significant influence on motivation and behavior of consumers. Inclusion of these factors into modern microeconomic theory is of essential importance if we are about to construct theoretical model aimed to describe reality in which we daily exist better than its predecessor did.

scholarly journals Nędza koncepcji globalnych dóbr publicznych

Politeja ◽  
2020 ◽  
Vol 16 (3(60)) ◽  
pp. 269-287
Author(s):  
Dominik Kopiński ◽  
Andrzej Polus
Keyword(s):  
International Relations ◽  
Public Goods ◽  
Financial Stability ◽  
Academic Community ◽  
Microeconomic Theory ◽  
Earth Atmosphere ◽  
Global Public Goods ◽  
Global Citizens ◽  
True Meaning ◽  
Definition Of

The Poverty of the Concept of Global Public Goods The concept of global public goods (GPG) reflects an attempt to replicate a microeconomic theory of public goods to the domain of international relations (IR). According to economic definition of public goods, which have two properties – non-rivalry and non-exclusivity, pure GPG can be consumed universally and simultaneously by (ideally) all global citizens; at the same time, no society can be excluded from its consumption. Classic examples of GPG include earth atmosphere, knowledge or financial stability. Notwithstanding the fact that pure public goods are incredibly rare, the very definition of GPG is highly problematic. This article is intended as an intervention in a critical debate about the true meaning of the GPGs. Its authors argue that to date the academic community has failed to agree on an intersubjective understanding of GPG. They also claim that the current functioning of the concept in the discourse within IR is “poor”, i.e. it is insufficiently rigorous, blurred and methodologically inconsistent. On the flip side, the way GPG has found its way to IR reflects some of the main problems that the field has been recently immersed in.

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