Econ 570 - Montclair State University.rtf by tongxiamy

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                    Montclair State University
                                  School of Business
                          Department of Economics and Finance

Econ570                                                                               P. LeBel
Business and the Socio-Political Environment                                         Fall 2004
PA-111                                                                         M, 19:00-21:30
                                     Course Description
     This course studies the increasingly complex set of interrelationships among business,
government, and other interest groups in the public policy process. It explores the economic
and legal environment, and the social and political factors that affect business organizations.
A series of current corporate and public policy problems are discussed in order to raise major
issues, including ethical issues, involved in managing the corporation’s relationships with
many of its publics.
                                     Course Objectives
     As part of a student’s education in business administration, there is a need to integrate
the various skills and knowledge acquired throughout the program within a current applied
policy framework. Business and the Socio-Political Environment addresses this question by
drawing on skills and knowledge acquired through the program to address a series of
contemporary issues. The focus of the course is on both corporate and public policy issues.
In particular, it concentrates on how the roles of firms, government, and consumers affect the
scope and conduct of management. From a re-framing of institutional constraints and
choices, students combine theory and technique in a series of case studies to examine the
changing nature of public policy decisions and the associated impact on the decision
environment of individual firms.

    There are several objectives in this course. They include:
    1.   To develop an understanding of the public policy environment of firms,
         including how public policy decisions are made and how these decisions
         affect the performance of firms, as well as an evaluation of these decisions
         in light of established public policy criteria;
    2.   To develop skills that are appropriate to the formulation and
         implementation of policies and strategies essential to the shaping of public
         policy alternatives, including practice in analyzing specific policy
         situations;
    3.   To create an awareness of and sensitivity to differing value systems that
         interact within the public policy environment, thus enabling the student to
         clarify one’s values as they complement or contradict these values,
         including the capacity to respond to differences in the public policy
         environment among other developed and developing countries;
    4.   To encourage an understanding of and appreciation of specific critical
         public policy issues facing individual countries in general and business in
         particular.



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     Students in this course are expected to draw on a variety of skills developed throughout
the MBA program. The include oral critical evaluations of specific aspects of the public
policy process, written analysis of these issues, along with simulated decision-making at an
individual and institutional group level. As there is a variety of materials to be used in the
course, students are expected to have read all assigned materials before each class session.
The course academic website is: http://netdrive.montclair.edu/~lebelp/plebel.html.




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Educational Dimensions of the Strategic Charter Supported by the Course
       A.Discipline Specific Knowledge and Competencies – Students will
           acquire knowledge and skills in analyzing significant forces shaping
           the socio-political environment of business and how managers can
           respond to these forces. They also will acquire an understanding of
           the business and socio-political environment in other countries.
       B. Thinking Skills – As an integrative interdisciplinary course, students
           will acquire strengthened critical and analytical thinking skills.
           Emphasis is given to differentiation between fact and opinion,
           between cause and effect relationships, the development of
           inferential skills critical to effective decision-making.
       C.Communications Skills – Students will make periodic presentations
           regarding classroom case studies they have completed, as well as to
           analyze contemporary economic issues. They also will submit
           written reports and a research paper that demonstrate an ability to
           translate issues into a skill-specific decision environment.
       D.Change Management – Students will be encouraged to think about
           how economic factors shape institutional decisions at a social level
           as well as how it affects personal and professional choices.
           Emphasis is given to the ability to counter decisions within an
           environment of limited information and in which leadership skills
           are important.

 Policies and Procedures
  1. Office hours: As posted on the website, and by appointment. Office
      telephone: (973)- 655-7778. E-mail: LeBelp@mail.montclair.edu. Office
      location: Partridge Hall 412

  2.   Grading:
            As this is a capstone course, emphasis is given to the integration of
       knowledge and skills relevant to the creation of a new firm or project with
       explicit consideration of various forms of risk and in which the role of
       markets and the public sector are clearly spelled out. Within this context,
       grading will be based on a series of projects to be completed by a student
       as per deadlines given within the syllabus.

            The focus of these projects will be the preparation of a business plan
       for a new product or service. Each component must address explicitly the
       constraints of the socio-political environment, indicators for which are to
       be drawn on contemporary events, assigned course readings, as well as
       periodic data as provided by the instructor.

            Components of this business plan will include the following: 1. A
       project concept paper module that specifies the range, scope, and
       rationale of the project; 2. A forecast module outlining the size of current
       and future market conditions that uses the forecast module posted in the


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syllabus; 3. A market survey module that the student will develop that
addresses the target consumer population in terms of current and
prospective demand; 4. An accounting module that incorporates the
project in the framework of an existing firm’s operations or in terms of an
IPO/venture capital startup; 5. A capital budgeting module that
stipulates the logistics and timeline of implementation of the project; This
capital budgeting module will also incorporate information on project
operating costs in reference to an underlying production function with
specific input quantities and prices; 6. A performance review module
that specifies the organization of personnel, incentives for performance,
and the rationale for specific performance reviews; 7. A financial
statement module that reflects pre- and post-project conditions,
including shareholder payouts as well as project manager compensation.
8. At the end of the term, a portfolio submission is to be made and which
incorporates each of the original and/or revised modules and
corresponding analyses. Each of these modules must identify at least three
alternative scenarios: best, most likely, and worst, that reflect underlying
elements of risk. In terms of risks, specification of probable sources and
potential strategic responses must also be identified.

     For each of these modules, risk specification must include: a. credit
risk; b. operational risk; c. political risk; and d. environmental risk. Each
of these risk factors must be explicitly factored into the various stages of
the preparation and execution of the project. In addition, the final project
submission must include an assessment of at least two of the assigned
course readings relative to the design, execution, and evaluation of the
project. This component shall serve as an appendix to the other modules
and is to be linked to each of the 7 modules. In addition to submission of
written versions, students will be asked to make selective in-class
presentations using PowerPoint or equivalent presentation software.

     Based on these project components, grading will be based on the
following weights. Emphasis will be given to clarity, consistency, rigor,
and comprehensiveness in the use of assigned materials as well as in terms
of originality of individual proposals. The driver will be the initial
selection of a project title, whose rationale must be spelled out in writing
and presented orally in class as well as submitted to the instructor in terms
of a 5 page single-spaced memo. In all cases, submission of each stage of
work will require printed versions (each to be 5-10 single-spaced pages).
Spreadsheet files that incorporate each of these modules are to be
submitted electronically and simultaneously with printed hard-copy
versions.

       a.   Class participation            16% (including final portfolio)
       b.   Project Concept Statement      12%
       b.   Forecast module                   12%
       c.   Market survey module           12%


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d.   Accounting module            12%
e.   Capital budgeting module        12%
e.   Performance review           12%
f.   Financial statement          12%




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                   Montclair State University
                                            School of Business
                                    Department of Economics and Finance
Econ570                                                                                                                                                      P. LeBel
Business and the Socio-Political Environment                                                                                                                Fall 2004
                                                                                     Syllabus
       Texts:
          (ABKL1) Bruce, Andy and Ken Langdon. Strategic Thinking. (New
              York: Dorling Kindersly, 2000).
          (ABKL2) Bruce, Andy and Ken Langdon. Project Management. (New
              York: Dorling Kindersly, 2000).
          (RH) Heller, Robert. Motivating People. (New York: Dorling
              Kindersly, 1998).
          (KLCO) Langdon, Ken and Christina Osborne. Performance Reviews.
              (New York: Dorling Kindersly, 2001).
          (DM) Meyer, Donald J. editor. The Economics of Risk. (Kalamazoo,
              Michigan: The Upjohn Institute, 2003).
          (MW) Weidenbaum, Murray L. Business and Government in the
              Global Marketplace, 7th edition. (Upper Saddle River, NJ:
              Pearson Prentice-Hall, 2004).
      Recommended Supplements:
         William Lasher. The Perfect Business Plan. (New York: Random House
               Doubleday Books, 1994.)
          The Wall Street Journal                   The New York Times
           The Economist                                                                             Financial Times
                      http://alpha.montclair.edu/~lebelp/ClintonDenial.wav   Readings on Reserve:    http://alpha.montclair.edu/~lebelp/ClintonDenial.wav




          Allman,William F.(1985).,”Determining Risks with Statistics – and
             with Humanity,” Science 85/Baltimore Sun, October 13, 1985, p.
             50.
          Arrow, Kenneth J., “The Organization of Economic Activity: Issues
             Pertinent to the Choice of Market versus Non-Market Activity,” in
             Mansfield Readings, (437-455).
          Arthur, W. Brian (1989), “Competing Technologies, Increasing
             Returns, and Lock-In by Historical Events,” The Economic Journal
             99:394 (March), 116-131.
          Bator, Francis M., “Anatomy of Market Failure,” Journal of Political
             Economy, (1958).
          Baumol, William, (1965). “The Empirical Determination of Demand
             Relationships,” Economic Theory and Operations Analysis
             (Prentice-Hall, 1965).
          Bernoulli, Daniel (1954, 1738), “Exposition of a New Theory on the
             Measurement of Risk,” Econometrica 22:2 (January), 23-36.




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Coase, Ronald H (1937)., “The Nature of the Firm,” Economica, New
    Series 4:16 (November), 386-405.
Coase, Ronald H.(1960), “The Problem of Social Cost”, Journal of
    Law and Economics (October).
Conlisk, John (1996). “Why Bounded Rationality?” Journal of
    Economic Literature XXIV:2 (June 1996), pp. 669-700.
Coughlin, Cletus K., Alec Chrystal, and Geoffrey E. Wood (1988),
    “Protectionist Trade Policies: A Survey of Theory, Evidence and
    Rationale,” Federal Reserve Bank of St. Louis (January/February
    1988): 12-30.
Dixit, Avinash, and Robert Pindyck (1994), Investment Under
    Uncertainty (Princeton, NJ: Princeton University Press).
Downs, Anthony (1957), “An Economic Theory of Political Action in a
    Democracy,” Journal of Political Economy I, 65:2 (April);,
    135-150.
Friedman, Milton and Leonard J.Savage (1948), “The Utility Analysis
    of Choices Involving Risk,” Journal of Political Economy I 56:4
    (August), 279-304).
Harris, Ethan S., “Forecasting Automobile Output,” Federal Reserve
    Bank of New York Review (1985).
Holmstrom, Bengt, and John Roberts. “The Boundaries of the Firm
    Revisited,” Journal of Economic Perspectives 12:4 (Fall 1998):
    73-94.
Houthakker, Hendrik S. "An International Comparison of Household
    Expenditure Patterns, Commemorating the Centenary of Engel's
    Law'. Econometrica 25:4 (October 1957), pp. 252-272.
Leibenstein, Harvey, “Bandwagon, Snob, and Veblen Effects in the
    Theory of Consumers’ Demand” Quarterly Journal of Economics
    (1950).
Leibenstein, Harvey, “Allocative Efficiency vs. ‘X-Efficiency’” (1966),
    in Mansfield, Microeconomics Readings, (210-229).
Lorie, James H.,and Leonard J. Savage. “Three Problems in Rationing
    Capital”, in Mansfield, Microeconomics Readings, (499-512).
Moore, Frederick T., “Economies of Scale: Some Statistical Evidence”
    (1959), in Mansfield, Microeconomics Readings, (117-128).
Pareto, Vilfredo (1897), “The New Theories of Economics,” Journal of
    Political Economy 5:4 (September), 485-502.
Parkinson, C. Northcote, “Parkinson’s Law”, in Mansfield, Managerial
    Economics Readings, (63-70).
Porter, Robert H., “The Role of Information in U.S. Offshore Oil and
    Gas Lease Auctions”. Econometrica 63:1 (January 1995), pp. 1-28.
Ramsey, Frank P. (1927), “A Contribution to the Theory of Taxation,”
    The Economic Journal 37:145 (March), 47-61.
Samuelson, William (1984), “Bargaining Under Asymmetric
    Information,” Econometrica 52:4 (July): 995-1007.
Simon, Herbert A., “Theories of Decision-Making in Economics and
    Behavioral Science”, American Economic Review (1959).


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           Stigler, George J. (1957), “Perfect Competition, Historically
               Contemplated,” Journal of Political Economy 65:1 (February),
               1-17.
           Stiglitz, Joseph E., “The Causes and Consequence of the Dependence of
               Quality on Price,” Journal of Economic Literature 25 (March 1987):
               1-48.
     All class sessions are based on the student's prior reading of assigned material. Class
sessions contain basic text reading assignments, key terminology with some web links,
readings on reserve, application modules, and periodic data sets. Exceptions to reserve
readings will be announced by the instructor.
                                       ***




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Class 1 - States and Markets: The Role of Risk I
(9/13/04)    (MW). The Powers of Government and Business (1-18); The Rationale
             for Regulation (20-41). Application Module(s): (1) Efficient Product
             Markets in a Riskless World; (2) Banking Systems Dynamics (3).
             Economic Functions of the Public Sector Data Sets: (1) Stock
             Market Valuation; (2) Mean Reversion in Stock Yields; Reserve
             Readings: (1) Phillip LeBel (2001), The Role of Risk in the Choice of
             Optimal State-Market Relations. (2) Vilfredo Pareto (1897); “The
             New Theories of Economics,”Journal of Political Economy 5:4
             (September), 485-502; (3) Allman,William F.(1985). ,”Determining
             Risks with Statistics – and with Humanity,” Science 85/Baltimore
             Sun, October 13, 1985, p. 50.
Class 2 - States and Markets: The Role of Risk II
(9/20/04)    (ABKL2) Project Management (1-69) Application Module(s) (1) The
             Framework of Strategic Planning: (2) Elements of Strategic
             Planning (3) Forecast Module (4) Simple Regression; (5) A Basic
             Econometric Market Model (6) Basic Forecasting; (7) Strategic
             Convergence. Reserve Readings: (1) Ronald H. Coase (1937), “The
             Nature of the Firm,” Economica, New Series 4:16 (November),
             386-405; (2) Arrow, Kenneth J.(1969), “The Organization of
             Economic Activity: Issues Pertinent to the Choice of Market
             versus Non-Market Activity,” in Mansfield Readings, (437-455); (3)
             Harris, Ethan S., “Forecasting Automobile Output,” Federal Reserve
             Bank of New York Review (1985).
             Deadline: business plan written project proposal narrative.
Class 3 - Globalization in States and Markets I
(9/27/04) (MW) Business, Government, and Globalization (189-208);
             Government and international Commerce (209-230). Application
             Modules: (1) Chaos in Asset Pricing; (2) Commodity Price
             Stabilization (3) The Measurement of Risk. Data Sets: (1) The 1997
             Index of Economic Freedom (2) The 2000 Index of Economic
             Freedom Reserve Readings: (1) Kenneth J. Arrow, "The
             Organization of Economic Activity: Issues Pertinent to the Choice
             of Market versus Non-Market Activity,” (437-455) (2) Baumol,
             William, “The Empirical Determination of Demand Relationships,”
             Economic Theory and Operations Analysis (Prentice-Hall, 1965);
             Research Paper Preliminary Topic Submission deadline;
Class 4 - Globalization in States and Markets II
(10/04/04) (MW) Government and the Consumer (42-60); Protecting the
             Environment (61-82); Achieving Equal Employment Opportunity
             (83-99). Application Modules: Trade and Tariff Economics Data
             Sets: (1) Economic Freedom and Corruption (2) Invention and
             Innovation Reserve Readings: (1) Houthakker, Hendrik S. "An
             International Comparison of Household Expenditure Patterns,
             Commemorating the Centenary of Engel's Law'. Econometrica 25:4


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            (October 1957), pp. 252-272. (2) Coughlin, Cletus K., Alec Chrystal,
            and Geoffrey E. Wood (1988), “Protectionist Trade Policies: A
            Survey of Theory, Evidence and Rationale,” Federal Reserve Bank of
            St. Louis (January/February 1988): 12-30.
            Deadline: forecast module and analysis.


Class 5 - Political Dimensions of Globalization
(10/11/04) (MW) Government and the Workplace (100-118); Traditional
             Economic Regulation (119-138); Economic Deregulation (139-155);
             Terrorism and Business (1256-170). Application Modules: Data Sets:
             Profile of Transitional Economies (2) Global Trading Groups (3)
             The European Union Reserve Readings: (1) Conlisk, John. “Why
             Bounded Rationality?” Journal of Economic Literature XXIV:2
             (June 1996), pp. 669-700; (2) Holmstrom, Bengt, and John Roberts.
             “The Boundaries of the Firm Revisited,” Journal of Economic
             Perspectives 12:4 (Fall 1998): 73-94; (3) Simon, Herbert A., “Theories
             of Decision-Making in Economics and Behavioral Science”,
             American Economic Review (1959).
Class 6 - Cultural Dimensions of Globalization
(10/18/04) (RH) Motivating People. Application Modules: Reserve Readings:
            (1) C. Northcote Parkinson (1955), “Parkinson’s Law”; (2)
            Leibenstein, Harvey, “Bandwagon, Snob, and Veblen Effects in the
            Theory of Consumers’ Demand” Quarterly Journal of Economics
            (1950); (3) Arthur, Brian (1989), “Competing Technologies,
            Increasing Returns, and Lock-In by Historical Events,” The
            Economic Journal 99:394 (March), 116-131; (4) Friedman, Milton and
            Leonard J.Savage (1948), “The Utility Analysis of Choices Involving
            Risk,” Journal of Political Economy I 56:4 (August), 279-304); (5)
            Stiglitz, Joseph E., “The Causes and Consequence of the
            Dependence of Quality on Price,” Journal of Economic Literature 25
            (March 1987): 1-48.
            Deadline: market survey module and analysis.
Class 7 - Managing Projects in a Global Context
(10/25/04) (MW) Global Geopolitics of Energy (231-242); Government Credits
            and Bailouts (244-259). Application Modules: (1) The Millet Mill
            Project (2) The Am Djena Livestock Project-A Data Sets: (1)
            Energy Markets (2) Energy Resources (3) World Crude Oil
            Reserves (4) Energy Efficiency Reserve Readings: Robert H.
            Porter (1995), “The Role of Information in U.S. Offshore Oil and
            Gas Lease Auctions,” Econometrica 63:1 (January), 1-28.
             Deadline: accounting module and analysis.

Class 8 - Strategy and Motivation in Project Management



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(11/01/04)   (ABKL1), Strategic Thinking, (1-69). Application Modules: (1) The
             Am Djena Livestock Project – B (2) Competition versus Monopoly;
             (3) Cournot Duopoly (4) Basic Economic Efficiency (5)The
             Cobb-Douglas Production Function Data Sets: (1) The Human
             Development Index (2) Consumer Variety Reserve Readings: (1) P.
             LeBel, “Higher Education Reform Criteria”; (2) Walters, A.A.,
             "Production and Cost Functions: An Econometric Survey".
             Econometrica 31:1-2 (January-April 1963), pp. 1-66; (3) Moore,
             Frederick T., “Economies of Scale: Some Statistical Evidence”
             (1959), in Mansfield, Microeconomics Readings, (117-128); (4)
             Stigler, George J. (1957), “Perfect Competition, Historically
             Contemplated,” Journal of Political Economy 65:1 (February), 1-17.
             Deadline: capital budgeting module and analysis.

Class 9 - Incentives and Risk
(11/08/04) (MW) Government as a Market (260-275); Business and Tax Policy
             (276-294). (KLCO) Performance Reviews (1-69). Application
             Modules: (1) Personnel Review Framework (2) Excise Taxation (3)
             Fundamentals of Finance; (4) The Capital Asset Pricing Model
             (CAPM) Data Sets: (1) International Health Care (2) Education
             and Income (3) Risk-Based Capital Ratios Reserve Readings:
             Dixit, Avinash, and Robert Pindyck (1994), Investment Under
             Uncertainty (Princeton, NJ: Princeton University Press).
Class 10- Risk Metrics and Firm Strategy
(11/15/05) (DM) Introduction (1-8); Keith J. Crocker, Risk and Risk Management
             (9-16); (MW) Business-Government Relations (296-313); Issues
             Management (314-332); Business Participation in Politics (333-346).
             Application Modules: (1) Optimal Allocation of Exhaustible
             Resources (2) Optimal Allocation of Renewable Natural Resources
             (3) Optimal Investment Storage (3) Alternative Pension Systems
             (4) The Basic Option Pricing Model; (5) The Standard Normal
             Distribution Data Sets: (1) U.S. Agriculture (2) Agricultural
             Subsidies (3) The Chesapeake Bay Fishery Reserve Readings:
             Francis M. Bator, "The Anatomy of Market Failure", Quarterly
             Journal of Economics (1958). Production and Cost Module deadline
             Deadline: performance review module and analysis.
Class 11- Alternative Models of Risk I
(11/22/04) (DM) Mark J. Macina, States of the World and the State of Decision
             Theory (17-50); William R. Eadington, Gambling with the Future
             (51-64). Application Modules: (1) Economic Value Added Models
             (2) Earnings at Risk Models (3) Expected Default Frequency
             Models Reserve Readings: Coase, Ronald H., “The Problem of
             Social Cost”, Journal of Law and Economics (October 1960);
             Investment Module deadline
             Deadline: revised capital budget module and analysis.


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(11/25/05-11/28/04 – Thanksgiving Break
Class 12- Alternative Models of Risk II
(11/29/04) (DM) John H. Kagel, Common Value Auctions and the Winner’s Curse
             (65-102); Katherine Swartz, Sharing Very High Risks (103-126).
             Application Modules: (1) The Merton Risk Premium Model (2)
             Value at Risk Models Reserve Readings: (1) Bernoulli, Daniel (1954,
             1738), “Exposition of a New Theory on the Measurement of Risk,
             Econometrica 22:2 (January), 23-36; (2) Leibenstein, Harvey (1966),
             “Allocative Efficiency vs. X-Inefficiency,” American Economic
             Review 56:3 (June), 392-415.
             Deadline: revised performance review module and analysis.
Class 13- Operational Risk and the Efficient Allocation of Capital
(12/06/04) (DM) Rulon D. Pope, Risk and Agriculture (127-168). Reserve
            Readings: (1) Nash, John F., Jr. (1950), “The Bargaining Problem,”
            Econometrica 18:2 (April), 155-162; (2) Lorie, James H., and Leonard J.
            Savage (1949), “Three Problems in Rationing Capital,” Journal of
            Business.
            Deadline: financial statement module and analysis.
Class 14- Risk and the Role of the State Revisited
(12/13/04) (MW), Reforming Government Regulation (171-188); Challenges to
             Corporate Governance (348-363); The Future of the Business Firm
             (364-374). Reserve Readings: (1) Samuelson, William (1984)
             “Bargaining Under Asymmetric Information,” Econometrica 52:4
             (July), 995-1007; (2) Tirole, Jean (1985), “Asset Bubbles and
             Overlapping Generations,” Econometrica 53:5 (September),
             1071-1100; (3) P. LeBel, “Asset Bubbles and Moral Hazard:
             Evidence from Japan.” (3) Downs, Anthony (1957), “An Economic
             Theory of Political Action in a Democracy,” Journal of Political
             Economy I, 65:2 (April); 135-150.
              Deadline: portfolio submission and analysis.




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                      Montclair State University
                                School of Business
                        Department of Economics and Finance
ECON570                                                                        P. LeBel
Business and the Socio-Political Environment
                                     Reading List
    I. States and Markets
       Ahn, Byong-Man, John Halligan, and Stephen Wilks, editors. (2002).
            Reforming Public and Corporate Governance. (Northampton, Mass.:
            Edward Elgar Publishers).
       Barr, Nicholas, editor. (2001). Economic Theory and the Welfare State, vols.
            I-III. (Northampton, Mass.: Edward Elgar Publishers).
       Bell, Daniel (1978). The Cultural Contradictions of Capitalism. (New York:
            Basic Books, Inc.).
       Bovens, Mark, Paul ‘t Hart, and B. Guy Peters (2001). Success and Failure in
            Public Governance. (Northampton, Mass.: Edward Elgar Publishers).
       Buchanan, James M. and Richard A. Musgrave (2000). Public Finance and
            Public Choice: Two Contrasting Visions of the State. (Cambridge, Mass.:
            MIT Press).
       Burger, Edward J., Jr., ed. (1990). Risk. (Ann Arbor: University of Michigan
            Press).
       Burlamaqui, Leonardo, Ana Célia Castro, and Ha-Joon Chang (2001).
            Institutions and the Role of the State. (Northampton, Mass.: Edward
            Elgar Publishers).
       Cavanaugh, Gerald F. (1984). American Business Values, second edition.
            (Englewood Cliffs, New Jerseys Prentice-Hall,).
       Conrad, J., ed. (1980). Society, Technology, and Risk. (New York: Academic
            Press).
       Cullis, John and Philip Jones (1998). Public Finance and Public Choice,
            second edition. (New York: Oxford University Press).
       DeSoto, Hernando (2000). The Mystery of Capital: Why Capitalism Triumphs
            in the West and Fails Everywhere Else. (New York: Basic Books).
       Easterly, William (2002). The Elusive Quest for Growth: Economists’
            Adventures and Misadventures in the Tropics. (Cambridge, Mass.: MIT
            Press).
       Frank, Isaiah (1980). Foreign Enterprise in Developing Countries. (Baltimore:
            The Johns Hopkins University Press).
       Freeman, Richard B., editor (1994). Working Under Different Rules. (New
            York: The Russell Sage Foundation).
       Friedman, Milton and Rose (1980). Free to Choose. (New York: Harcourt
            Brace Jovanovich).
       Galbraith, John Kenneth (1973). Economics and the Public Purpose. (Boston:
            Houghton Mifflin Company).
       Gallant, Thomas W. (1991). Risk and Survival in Ancient Greece (Palo Alto,
            California: Stanford University Press).
       Gilder, George (1981). Wealth and Poverty. (New York: Basic Books).


                                       Econ570-01, Fall 2004
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Goodin, Robert E. and Deborah Mitchell. (2000). The Foundations of the
     Welfare State, vols. I-III. (Northampton, Mass.: Edward Elgar
     Publishers).
Held, David (1987). Models of Democracy. (Palo Alto, California: Stanford
     University Press).
Hiskes, Richard P. (1998). Democracy, Risk, and Community: Technological
     Hazards and the Evolution of Liberalism. (New York: Oxford University
     Press).
Kairys, David, editor (1982). The Politics of Laws: A Progressive Critique.
     (New York: Pantheon Books).
Kaul, Inge, Isabelle Grunberg, and Marc A. Stern, editors. (1999). Global
     Public Goods: International Cooperation in the 21st Century. (New York:
     Oxford University Press for the UNDP).
Lessnoff, Michael, editor (1990). Social Contract Theory. (New York: New
     York University Press).
Lindblom, Charles E. (1977). Politics and Markets: The World's
     Political-Economic Systems. (New York: Basic Books).
Locke, John (1688). The Second Treatise on Government. (Indianapolis,
     Indiana: Bobbs-Merrill, 1952 reprint).
Machiavelli, Niccolò (1517). The Prince. (New York: New American Library,
     1952 reprint).
Marx, Thomas G.(1985). Business and Society: Economic, Moral and Political
     Foundations, (Englewood Cliffs, New Jerseys Prentice-Hall)
Maskus, Keith E. (2000). Intellectual Property Rights in the Global Economy.
     (Washington, D.C.: Institute for International Economics).
McMillan, John (2002). Reinventing the Bazaar: A Natural History of
     Markets. (New York: W.W. Norton & Company).
Ménard, Claude, editor. (2000). Institutions, Contracts, and Organizations.
     (Northampton, Mass.: Edward Elgar Publishers).
Mishra, Ramesh (2000). Globalization and the Welfare State. (Northampton,
     Mass.: Edward Elgar Publishers).
Mueller, Dennis C. (2001). The Economics of Politics, vols I and II..
     (Northampton, Mass.: Edward Elgar Publishers).
Nozick, Robert (1974). Anarchy, State, and Utopia. (New York: Basic Books,
     1974).
Plott, Charles R. (2001). Public Economics, Political Processes and Policy
     Applications, vol. I. (Northampton, Mass.: Edward Elgar Publishers).
Plott, Charles R. (2001). Market Institutions and Price Discovery
     .(Northampton, Mass.: Edward Elgar Publishers).
Plott, Charles R. (2001). Information, Finance and General Equilibrium.
     (Northampton, Mass.: Edward Elgar Publishers).
Pogodzinski, J.M. (1995). Readings in Public Policy. (New York: Blackwell
     Publishers).
Posner, Richard A. (1977, 1972). Economic Analysis of Law, second edition.
     (Boston: Little, Brown, and Company).
Rawls, John. (1971). A Theory of Justice (Cambridge, Mass.: Harvard
     University Press).


                                Econ570-01, Fall 2004
                                    - 15 -


    Ross, David A. (2002). When All Else Fails: Government as the Ultimate Risk
          Manager. (Cambridge, Mass.: Harvard University Press).
    Roth, Timothy P. (2002). The Ethics and the Economics of Minimalist
          Government. (Northampton, Mass.: Edward Elgar Publishers).
    Sattinger, Michael, editor. (2001). Income Distribution, vols. I-III.
          (Northampton, Mass.: Edward Elgar Publishers).
    Schaar, John. (1981). Legitimacy in the Modern State. (New Brunswick:
          Transaction Press Books).
    Schnitzer, Martin C. (1979). Contemporary Government and Business Relations.
          (Chicago: Rand McNally Publishers).
    Schott, Jeffrey J. editor (2000). The WTO After Seattle. (Washington, D.C.:
          The Institute for International Economics).
    Schotter, Andrew (1985). Free Market Economics: A Critical Appraisal. (News
          York: St. Martin's Press).
    Shepherd, William G.(1979). Public Policies Toward Business: Readings and
          Cases, revised edition. (Homewood, Illinois: Richard D. Irwin, Inc.).
    Stiglitz, Joseph (2002). Development and Its Discontents. (New York: W.W.
          Norton).
    Stone, Christopher D. (1975). Where The Law Ends: The Social Control of
          Corporate Behavior. (Prospect Heights, Illinois: Waveland Press under
          arrangements with HarperCollins).
    Sunstein, Cass R. (1999, 1997). Free Markets and Social Justice. (New York:
          Oxford University Press).
    Weidenbaum, Murray L. (1999). Business and Government in the Global
          Marketplace, sixth edition.        (Upper Saddle River, New Jersey:
          Prentice-Hall).
    Williamson, Oliver E., and Scott E. Masten, editors (1999). The Economics of
          Transactions Costs. (Northampton, Mass.: Edward Elgar Publishers).
    Williamson, Oliver E. (1975). Markets and Hierarchies. (New York: The Free
          Press).
II. Economic Dynamics
    Aoki, Masanao (1998, 1996). New Approaches to Macroeconomic Modeling:
          Evolutionary Stochastic Dynamics, Multiple Equilibria, and Externalities
          as Field Effects. (New York: Cambridge University Press).
    Baumol, William J. (1959). Economic Dynamics. (New York: Macmillan
          Publishers).
    Chiang, Alpha C. (1992). Elements of Dynamic Optimization. (New York:
          McGraw-Hill).
    Farmer, Roger E.A. (1993). The Macroeconomics of Self-Fulfilling Prophecies.
          (Cambridge, Mass.: MIT Press).
    Ferguson, Brian S. and G.C. Lim (1998). Introduction to Dynamic Economic
          Models. (New York: Manchester University Press).
    Intriligator, Michael D.(1971). Mathematical Optimization in Economic
          Theory. (Englewood Cliffs, New Jersey: Prentice-Hall).
    Ljungqvist, Lars and Thomas J. Sargent (2000). Recursive Macroeconomic
          Theory. (Cambridge, Mass.: MIT Press).



                                  Econ570-01, Fall 2004
                                      - 16 -


   Omerod, Paul. (1998). Butterfly Economics: A New General Theory of Social
        and Economic Behavior. (New York: Pantheon Books).
   Shone, Ronald (1997). Economic Dynamics. (New York: Cambridge
        University Press).
   Webb, Robert I. (1995, 1994). Macroeconomic Information and Financial
        Trading. (New York: Blackwell Publishers).
III. Risk
   Barzel, Yoram (1997, 1989). Economic Analysis of Property Rights, second
        edition. (New York: Cambridge University Press).
   Bernstein, Peter L. (1999). The Remarkable Story of Risk. (New York: John
        Wiley and Sons).
   Bierman, H. Scott and Luis Fernandez. Game Theory with Economic
        Applications. (Reading, Mass.: Addison-Wesley Publishers, 1993).
   Binmore, Kenneth. Fun and Games: A Text on Game Theory. (Lexington,
        Mass.: D.C. Heath & Company, 1992).
   Caouette, J.B., E.I. Altman, and P. Narayanan (1998). Managing Credit Risk.
        (New York: John Wiley and Sons).
   Clark, Epraïm, Bernard Marois, et Joëlle Cernès. Le Management des Risques
        Internationaux. (Paris: Economica Gestion, 2001).
   Cootner, Paul, editor (1969, 1967, 1964). The Random Character of Stock
        Market Prices (Cambridge, Mass.: MIT Press).
   Crouhy, Michel, Dan Galai, and Robert Mark. Risk Management. (New York:
        McGraw-Hill Publishing Company, 2001).
   Davis, Morton D. Game Theory: A Nontechnical Introduction. (New York:
        Harper and Row Torchbooks, 1973).
   Day, Alistair L. (2001). Mastering Financial Modelling. (New York:
        Financial Times Prentice-Hall Market Editions, 2001).
   Dixit, Avinash K. and Robert St. Pindyck. Investment Under Uncertainty.
        (Princeton, N.J.: Princeton University Press, 1994).
   Ferrari, Jean-Baptiste (2002). Economie du risque: Applications à la finance et
        à l’assurance. (Paris: Bréal éditions)
   Froot, Kenneth A., editor (1999). The Financing of Catastrophe Risk.
        (Chicago, Illinois: University of Chicago Press).
   Glickman, Tgheodore S. and Michael Gough, editors. (1995, 1990). Readings
        in Risk. (Washington, D.C.: Resources for the Future).
   Gollier, Christian (2001). The Economics of Risk and Time. (Cambridge, Mass.:
        MIT Press).
   Hamburger, Henry. Games as Models of Social Phenomena. (San Francisco:
        W.H. Freeman and Co., 1979).
   Hey, John D.. Uncertainty in Economics. (New York: New York University
        Press, 1979).
   Hull, John C. (2002). Fundamentals of Futures and Options Markets, fourth
        edition. (New York: Prentice-Hall Publishers).
   Krimsky, Sheldon and Dominic Golding, eds. (1992). Social Theories of Risk.
        (Westport, Connecticut: Praeger Publishers).
   Laffont, Jean-Jacques. Essays in the Economics of Uncertainty. (Cambridge:
        Harvard University Press, 1980).


                                    Econ570-01, Fall 2004
                                      - 17 -


    Lesser, Lawrence M. (2000). Business, Public Policy, and Society. (Orlando,
         Florida: The Dryden Press).
    Lowenstein, Roger (2000). When Genius Failed: The Rise and Fall of
         Long-Term Capital Management.         (New York:       Random House
         Publishers).
    Luce, R. Duncan and Howard Raiffa. Games and Decisions. (New York: John
         Wiley and sons, 1957).
    Magill, Michael and Martine Quinzii (1998, 1996). Theory of Incomplete
         Contracts, vol. I. (Cambridge, Mass.: MIT Press).
    Molho, Ian (1997). The Economics of Information: Lying and Cheating in
         Markets and Organizations. (New York: Blackwell Publishers).
    Morris, James R. (1987). The Dow Jones-Irwin Guide to Financial Modeling.
         (Homewood, Illinois: Dow Jones-Irwin Publishing).
    Moulin, Hervé. Game Theory for the Social Sciences. (New York: New York
         University Press, 1982).
    Phlips, Louis (1989, 1988). The Economics of Imperfect Information. (New
         York: Cambridge University Press).
    Salanié, Bernard (2000). Microeconomics of Market Failures. (Cambridge,
         Mass.: MIT Press).
    Salanié, Bernard (1997, 1994). The Economics of Contracts: A Primer.
         (Cambridge, Mass.: MIT Press).
    Saunders, Anthony M. (2002). Credit Risk Measurement. (New York: John
         Wiley and Sons).
    Schrader-Frechette, K.S. (1991). Risk and Rationality. (Berkeley: University
         of California Press).
    Shiller, Robert J. (2000). Irrational Exuberance. (Princeton, New Jersey:
         Princeton University Press).
    Stadler, Inés and David Pérez-Castrillo (1997). An Introduction to the
         Economics of Information: Incentives and Contracts. (New York:
         Oxford University Press, 1997).
    Taleb, Nassim Nicholas (2001). Fooled by Randomness: The Hidden Role of
         Chance in the Markets and in Life. (New York: Texere Publishers).
    Viscusi, W.Kip (1991). Acceptable Risk. (Cambridge, Massachusetts: MIT
         Press).
IV. Accounting and Finance
    Allen, Franklin and Douglas Gale (2000). Comparing Financial Systems.
         (Cambridge, Mass.: MIT Press).
    Bazley, John D., Loren A. Nikolai, and Hugh D. Grove (1995). Financial
         Accounting: Concepts and Uses, third edition. (Cincinnati, Ohio:
         South-Western Thomson Publishers).
    Besley, Scott and Eugene F. Brigham (2000). Essentials of Managerial
         Finance, twelfth edition. (New York: The Dryden Press).
    Binswanger, Mathias (1999). Stock Markets, Speculative Bubbles and
         Economic Growth. (Northampton, Mass.: Edward Elgar Publishers).
    Björk, Tomas (1998). Arbitrage Theory in Continuous Time. (New York:
         Oxford University Press).



                                   Econ570-01, Fall 2004
                                   - 18 -


Brigham, Eugene F. and Joel F. Houston (2001). Fundamentals of Financial
     Management, ninth edition. (Orlando, Florida: Harcourt Publishers).
Brunnermeier, Markus K. (2001).          Asset Pricing under Asymmetric
     Information: Bubbles, Crashes, Technical Analysis, and Herding. (New
     York: Oxford University Press).
Buckley, Adrian (1996). International Capital Budgeting. (New York:
     Prentice-Hall).
Cox, Raymond A.K., R. Gene Stout, and Daniel E. Vetter. (1995, 1994).
     Financial Administration and Control.         (New York:        Blackwell
     Publishers).
Eichberger, Jürgen and Ian R. Harper (1997). Financial Economics. (New
     York: Oxford University Press).
Emery, Gary W. (1998). Corporate Finance: Principles and Practice. (New
     York: Addison-Wesley Publishers).
Elton, Edwin and Martin J. Gruber (1995). Modern Portfolio Theory and
     Investment Analysis. (New York: John Wiley and Sons).
Haugen, Robert A. (1995). The New Finance: The Case Against Efficient
     Markets. (Englewood Cliffs, New Jersey: Prentice-Hall).
Houthakker, Hendrik S. and Peter J. Williamson (1996). The Economics of
     Financial Markets. (New York: Oxford University Press).
Hull, John C. (2002). Fundamentals of Futures and Options Markets, fourth
     edition. (Upper Saddle River, New Jersey: Prentice-Hall).
Hull, John C. (1998). Introduction to Futures and Options Markets, third
     edition. (Upper Saddle River, New Jersey: Prentice-Hall).
Hull, John C. (1997). Options, Futures, and Other Derivatives, third edition.
     (Upper Saddle River, New Jersey: Prentice-Hall).
Jorion, Philippe (1997). Value at Risk: The New Benchmark for Controlling
     Derivatives Risk. (New York: McGraw-Hill Publishers).
Keown, Arthur J., David F. Scott, Jr., John D. Martin, and J. William Petty
     (1994). Foundations of Finance (Englewood Cliffs, New Jersey:
     Prentice-Hall).
Kerzner, Harold (1998). Project Management: A Systems Approach to
     Planning, Scheduling and Controlling, sixth edition. (New York: Van
     Nostrand Reinhold Thomson Publishers).
Leahigh, David J. (1996). A Pocket Guide to Finance. (Orlando, Florida: The
     Dryden Press).
Lo, Andrew W. and A. Craig MacKinlay (1999). A Non-Random Walk Down
     Wall Street (Princeton, New Jersey: Princeton University Press).
Madura, Jeff (2003). Financial Markets and Institutions, sixth edition. (Mason,
     Ohio: South-Western Thomson Publishing Company).
Malkiel, Burton G. (1999). A Random Walk Down Wall Street, seventh edition.
     (New York: W.W. Norton Publishers).
Milne, Frank (1999, 1995). Finance Theory and Asset Pricing. (Oxford, U.K.:
     The Clarendon Press).
Marshall, John F. and Viopul K. Bansal (1993). Financial Engineering, second
     edition. (Miami, Florida: Kolb Publishers).



                                 Econ570-01, Fall 2004
                                       - 19 -


     Morris, James R. (1987). The Dow Jones-Irwin Guide to Financial Modeling.
          (Homewood, Illinois: Dow Jones Irwin Publishers).
     Ross, Stephen A., Randolph W. Westerfield, and Jeffrey F. Jaffe (2002).
          Corporate Finance, sixth edition. (New York: McGraw-Hill Publishers).
     Saunders, Anthony (1997, 1994). Financial Institutions Management: A
          Modern Perspective, second edition.          (Chicago, Illinois:   Irwin
          Publishers).
     Shim, Jae K., and Joel G. Siegel (2001). Handbook of Financial Analysis,
          Forecasting, and Modeling, second edition. (Paramus, New Jersey:
          Prentice-Hall).
     Shleifer, Andrei (2000). Inefficient Markets: An Introduction to Behavioral
          Finance. (New York: Oxford University Press).
     Strong, Robert A. (1993). Portfolio Construction, Management and Protection.
          (New York: West Publishing Company).
     Taggart, Robert A. Jr. (1996). Quantitative Analysis for Investment
          Management. (Upper Saddle River, New Jersey: Prentice-Hall).
     Van Horne, James C. (1998). Financial Market Rates and Flows, fifth edition.
          (Upper Saddle River, New Jersey: Prentice-Hall).
     Van Horne, James C. (1998). Fundamentals of Financial Management, tenth
          edition. (Upper Saddle River, New Jersey: Prentice-Hall).
     Wagner, Cecilia L. (1995). Financial Management with the Electronic
          Spreadsheet. (New York: HarperCollins).
     Wilkes, F.M. (1983, 1977). Capital Budgeting Techniques, second edition.
          (New York: John Wiley and Sons).
V. Statistics and Econometrics
     Alexander, Carol (2001). Market Models: A Guide to Financial Data Analysis.
          (New York: John Wiley and Sons, Ltd.).
     Benninga, Simon (1996, 1989). Numerical Techniques in Finance (Cambridge,
          Mass.: MIT Press).
     Bergstrom, A.R. (1990). Continuous Time Econometric Modelling. (New
          York: Oxford University Press).
     Campbell, John Y., Andrew W. Lo, and A. Craig MacKinlay (1997). The
          Econometrics of Financial Markets. (Princeton, New Jersey: Princeton
          University Press).
     Cartwright, Timothy J. (1993). Modeling the World in a Spreadsheet:
          Environmental Simulation on a Microcomputer. (Baltimore: The Johns
          Hopkins University Press).
     Charemza, Wojciech W. and Derek F. Deadman (1992). New Directions in
          Econometric Practice. (Northampton, Mass.: Edward Elgar Publishers).
     Dennis, Laurie B. and Terry L. Dennis (1986). Microcomputer Models for
          Management Decision-Making. (New York: West Publishing Company).
     Doan, Thomas (2000). RATS, Regression Analysis of Time Series, version 5.
          (Evanston, Illinois: Estima Publishers).
     Gerbing, David W. (1999). Relevant Business Statistics Using Microsoft Excel.
          (New York: South-Western Publishing Company).
     Gujurati, Damodar (2003). Basic Econometrics, fourth edition. (New York:
          McGraw-Hill Publishers).


                                     Econ570-01, Fall 2004
                                         - 20 -


     Hansen, Peter and Søren Johansen (1998). Workbook on Cointegration. (New
          York: Oxford University Press).
     Kokoska, Stephen and Daniel Zwillinger (2000). Standard Probability; and
          Statistics Tables and Formulae, student edition. (Boca Raton, Florida:
          CRC Chapman Hall Publishers).
     Levine, David M., Mark L. Bgerenson, and David Stephan (1999, 1997).
          Statistics for Managers Using Microsoft Excel, second edition. (Upper
          Saddle River, New Jersey: Prentice-Hall).
     Lilien, David, et.al. (2002, 1994). Eviews Econometric Views (Irvine,
          California: QMS Quantitative Micro Software).
     Mills, Terence C. (1999). The Econometric Modelling of Financial Time
          Series, second edition. (New York: Cambridge University Press).
     Ramanathan, Ramu (2002). Introductory Econometrics with Applications, fifth
          edition. (Orlando, Florida: Harcourt Publshers).
     Wooldridge, Jeffrey M. (2001). Introductory Econometrics: A Modern
          Approach. (New York: South-Western Thomson Publishing Company).
VI.Theory of Demand: Consumers, Rationality, Individual Choice, and
    Marketing
     John S. Chipman, Leonid Hurwicz, Marcel K. Richter, and Hugo F.
          Sonnenschein. Preferences, Utility, and Demand. (New York: Harcourt,
          Brace, and Jovanovich, 1971).
     Gerard Debreu. Theory of Value. (New Haven: Yale University Press, Cowles
          Foundation for Publications in Economics, 1959).
     John R. Hicks. Value and Capital, second edition. (Oxford: The Clarendon
          Press, 1965 reprint of 1946 edition).
     Phlips, Louis (1983). The Economics of Price Discrimination. (New York:
          Cambridge University Press).
     John R. Hicks. A Revision in the Theory of Consumer Demand. (Oxford:
          Oxford University Press, 1965 reprint of 1956 edition).
     Eugenio Slutsky. "On the Theory of the Budget of the Consumer", English
          translation of 1915 article in Italian, in George J. Stigler and Kenneth E.
          Boulding, editors, Readings in Price Theory. (Homewood, Illinois:
          Richard D. Irwin, Inc., 1952), pp. 27-56.
VII. Theory of Supply: Firms, Technology, Production Function, Costs
    and Operations Research
     Chambers, Robert G. (1988). Applied Production Analysis: A Dual Approach.
            (New York: Cambridge University Press).
     Cyert, Richard M. and John G. March (1963). A Behavioral Theory of the
            Firm. (Englewood Cliffs, New Jersey: Prentice-Hall).
     Fuss, Melvyn and Daniel McFadden, editors (1978). Production Economics: A
            Dual Approach to Theory and Applications.                    (Amsterdam:
            North-Holland Publishing Company).
     Heathfield, David F. and Sören Wibe (1987). An Introduction to Cost and
            Production Functions. (Atlantic Highlands, New Jersey: Humanities
            Press, International).




                                       Econ570-01, Fall 2004
                                          - 21 -


      Shephard, Ronald W.(1981, 1953). Cost and Production Functions. (New
            York: Spring Verlag, 1981 reprint of 1953 Princeton University Press
            edition).
      Shephard, Ronald W.(1970). Theory of Cost and Production Functions.
            (Princeton: Princeton University Press).
      Turban, Efraim and Jack R. Meredith (1994). Fundamentals of Management
            Science, sixth edition. (Burr Ridge, Illinois: Irwin Publishers).
      Winston, Wayne L. (1994). Operations Research: Applications and
            Algorithms, third edition. (Belmont, California: Wadsworth Thomson
            Publishing).
VIII. Market Structure and General Equilibrium
      A. Market Structure
      Armentano, Dominick T. (1982). Antitrust and Monopoly: Anatomy of a Policy
           Failure. (New York: John Wiley and Sons).
      Cournot, Augustin (1897, 1838). Recherches into the Mathematical Principles
           of the Theory of Wealth, translated from the French by Nathaniel T. Bacon.
           (New York: Macmillan Publishing Company, 1897, published originally
           in French, in 1838).
      Evans, David S., editor (1983). Breaking Up Bell: Essays on Industrial
           Organization and Regulation. (New York Amsterdam North-Holland
           Publishing Company).
      Kamien, Morton I. and Nancy L. Schwartz (1982). Market Structure and
           Innovation. (New York: Cambridge University Press).
      Kamien, Morton I. and Nancy L. Schwartz (1981). Dynamic Optimization: the
           Calculus of Variations and Optimal Control in Economics and
           Management. (New York: North-Holland Publishing Company).
      MacAvoy, Paul W. (1979). The Regulated Industries and the Economy. (New
           York: W.W. Norton and Company).
      Neale, A.D. and D.G. Goyder (1980). The Antitrust Laws of the U.S.A., third
           edition. (New .York: Cambridge University Press)
      Scherer, Frederic (1980). Industrial Market Structure and Economic
           Performance, second edition. (Boston: Houghton Mifflin Publishing
           Co.).
      Seplaki, Les (1982). Antitrust and the Economics of the Market: Text, Readings
           Cases. (New York: Harcourt Brace Jovanovich).
      Shepherd, William G. (1984). "Contestability versus Competition" American
           Economic Review 74:4 (September), pp. 572-587.
      Spence, Michael (1974). Market Signaling. (Cambridge: Harvard University
           Press).
      Weiss, Leonard W. and Allyn D. Strickland (1982). Regulation: A Case
           Approach, second edition. (New York: McGraw-Hill).
      Williamson, Oliver (1975). Markets and Hierarchies. (Glencoe, Illinois: The
           Free Press).
      B. General Equilibrium Analysis
      Arrow, Kenneth J. and Frank H. Hahn (1971). General Competitive Analysis.
           (San Francisco: Holden-Day Publishing Company).



                                       Econ570-01, Fall 2004
                                         - 22 -


      Debreu, Gerard (1973, 1959). Theory of Value: An Axiomatic Analysis of
           Economic Equilibrium. (New Haven: Yale University Press for the
           Cowles Foundation for Research in Economics, 1973 reprint of 1959
           edition).
      Dorfman, Robert, Paul Samuelson, and Robert Solow (1958). Linear
           Programming and Economic Analysis. (New York: McGraw-Hill
           Publishing Co.).
      Chenery, Hollis B. and Paul G. Clark (1959). Interindustry Economics. (New
           York: John Wiley and Sons).
      Hey, John D. (1981). Economics in Disequilibrium. (New York: New York
           University Press).
      Kuenne, Robert E. (1963). A Theory of General Economic Equilibrium.
           (Princeton: Princeton University Press).
      Leontief, Wassily W. (1966). Input-Output Economics. (New York: Oxford
           University Press).
      Miernyk, William A. (1965). The Elements of Input-Output Analysis. (New
           York: Random House Publishers).
      Quirk, James and Ruben Saposnik (1968).             Introduction to General
           Equilibrium Theory and Welfare Economics. (New York: McGraw-Hill).
      Scarf, Herbert and John B. Shoven (1973). The Computation of Economic
           Equilibrium. (New Haven: Yale University Press).
      Scarf, Herbert and John B. Shoven (1984). Applied General Equilibrium
           Analysis. (New York: Cambridge University Press).
IX. Welfare Economics and the Theory of States and Markets
      Arrow, Kenneth J. (1951). Social Choice and Individual Values. (New Haven:
           Yale University Press).
      Bailey, Elizabeth E. (1973). Economic Theory of Regulatory Constraint.
           (Lexington, Massachusetts: D.C. Heath).
      Bardach, Eugene and Robert A. Kagan (1982). Social Regulation: Strategies
           for Reform. (San Francisco: Institute for Contemporary Studies).
      Bator, Francis M. (1957). "The Simple Analytics of Welfare Maximization",
           American Economic Review 47:1 (March), pp. 22-59.
      Bator, Francis m.(1958). "Anatomy of Market Failure", Quarterly Journal of
           Economics 72:3 (August).
      Baumol, William (1965, 1949). Welfare Economics and the Theory of the
           State. (Cambridge: Harvard University Press, 1965 reprint of 1949
           edition).
      Chamberlin, Neil W. (1973). The Limit of Corporate Responsibility. (New
           York: Basic Books).
      Dolbeare, Kenneth M. (1982). American Public Policy: A Citizen's Guide.
           (New York: McGraw-Hill).
      Epstein, Edwin M. and Dow Votaw, editors (1978). Rationality, Legitimacy,
           Responsibility: Search for New Directions in Business and Society. (Santa
           Monica: Goodyear Publishing Company).
      Olson, Mancur (1977, 1965). The Logic of Collective Action: Public Goods
           and the Theory of Groups. (Cambridge, Mass.: Harvard University Press).



                                       Econ570-01, Fall 2004
                                      - 23 -


      Shepherd, William G. (1975). The Treatment of Market Power; Antitrust,
           Regulation and Public Enterprise. (New York: Columbia University
           Press).
      Steckmest, Francis W. (1982). Corporate Performance: The Key to Public
           Trust. (New York: McGraw-Hill).
      Vogel, David (1978). Lobbying the Corporation: Citizen Challenges to
           Business Authority. (New York: Basic Books).

Microeconomic Data Source Materials
      (see: Useful Economic Data Links)




                                    Econ570-01, Fall 2004
                                             - 24 -


VII. Publication Sources                                            Information Economics and Policy
    A. Economic Journals (selected listing)                         Journal of African Economics
                                                                    Journal of Agricultural and Applied Economics
   Agricultural and Resources Economics
                                                                    Journal of Agricultural and Resource Economics
    Agricultural Economics
                                                                    Journal of Banking and Finance
    American Economic Review
                                                                    Journal of Business
    American Economist
                                                                    Journal of Cultural Economics
    American Journal of Agricultural Economics
                                                                    Journal of Development Studies
    Antitrust Bulletin
                                                                    Journal of Economic Issues
    Applied Economics
                                                                    Journal of Economic Literature
    Brookings Papers on Economic Activity
                                                                    Journal of Economic Perspectives
    Bulletin of Economic Research
                                                                    Journal of Financial Services Research
    Business Economics
                                                                    Journal of Futures Markets
    Computational Economics
                                                                    Journal of Health Economics
    Eastern Economic Journal
                                                                    Journal of Human Resources
    Economic Development and Cultural Change
                                                                    Journal of Political Economy
    Economic Inquiry
                                                                    Journal of Population Economics
    Economic Journal
                                                                    Journal of Risk and Insurance
    Economics of Education Review
                                                                    Land Economics
    Economics Letters
                                                                    Marine Resource Economics
    Econometrica
                                                                    Public Choice
    Energy Economics
                                                                    Quarterly Journal of Economics
    Environment and Development Economics
                                                                    Real Estate Economics
    Environment and Resource Economics
                                                                    Resource and Energy Economics
    Family Economics and Nutrition Review
                                                                    Review of Economics and Statistics
    Games and Economic Behavior
                                                                    World Development
    Health Economics

B. General Business Periodicals (see also: Useful Economic Data Links )
    Business Week
    The Financial Times
    The Economist
    U.S. News and World Report
    The Wall Street Journal




                                            Econ570-01, Fall 2004

								
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