Showing papers on "Managerial economics published in 1984"

Economics and management

Abstract: The dissertation is aimed at offering an insight in to the agent-based methodology and its possible application to the macroeconomic a nalysis. Relying on this methodology, I deal with three different issues concernin g heterogeneity of economic agents, bounded rationality and interaction. Specifically, the first chapter is devoted to descr ibe the distinctive characteristics of agent-based economics and its advantages-disadvanta ges. In the second chapter I propose a credit market framework characterized by the presence of asymmetric information between the banks and the entrepreneurs. I analyze how entrepreneurs’ heterogeneity and the presence of Relationship Bank ing influences the macro properties of the designed system. In the third chapter I work to take the core of Keynes’s macroeconomics into the computer laboratory, in the spirit of a counterfactual history of economic thought. In particular, I devote m uch effort in the behavioural characterization of the three pillars of Keynes’s e conomics – namely the MEC, MPC and LP – relying on his clear refusal of perfect ra ionality in the decision making process. The last chapter adds to the literature th at assesses the impact of monetary policy under the hypothesis of agent’s bounded rati on lity. Indeed, I design a quasi rational process through which inflation expectatio ns are updated, and then I analyze how this hypothesis interacts with the efficac y of different monetary policy re-

Aggregation in Recreation Economics: Issues of Estimation and Benefit Measurement

Abstract: Problems of aggregation plague applications of microeconomics The theory is derived from postulates of behavior of individuals, but we often have data only for groups of individuals The economics of outdoor recreation is no exception This paper addresses the aggregation issue for estimating the demand for outdoor recreation What are the estimation and welfare implications of using individual vs aggregated observations, if the latter is all we have?

The Role of Theory in Research: Implications for Home Economics

Abstract: A philosophical and epistemological analysis of the nature of scientific enquiry reveals that theory, in either a formal or informal sense, is centrally involved in every step of the investigative process from initial premise to final interpretation of the data. Given this, and the long-standing recognition of the importance of theory in home economics, the paper concludes with an analysis and discussion of some of the reasons for a general absence of theory from home economics research, some possible benefits to be derived from greater attention to theory, and some suggested ways to enhance the role of theory in home economics research.

Statistical Analysis for Managerial Decisions

Abstract: Class Website: The website for this class is located on the university's Canvas system. To access this, you will need to use your Gatorlink account. I will post lecture power points, assignments and other material there. If I am not around when you need to see me, the best way to contact me is e-mail. If you have any problems with this course that you are unable to solve by consulting with me, you should next bring them to the attention of my department chairman in 351 Stuzin Hall. Objective: To build on the concepts learned in your first statistics course, teaching you how to perform very thorough statistical analyses, work with statistical software packages and, in general, be a better person. Assurance of Learning: Each program at the Warrington College of Business Administration has developed goals and objectives that express the most valued skills and knowledge that students should be able to demonstrate upon completion of the total learning experiences in that program. The following ISOM program goals and objectives that apply to QMB6358 are: Learning Goal 2: Apply appropriate problem solving and decision-making skills. 2B. Assess the outcomes of a course of action and make appropriate adjustments. Learning Goal 4: Think critically and analytically in formulating business solutions. 4A. Students will gain expanded knowledge of ever evolving technologies and processes and solidify the technical skills needed in applying theseto solve intricate problems. 4B. Students will be able to critically evaluate the impact of business decisions on stakeholders. Software: In this course we will be using the SPSS software program. This is available at a very low cost to students, and free via a remote application facility. Do not purchase SPSS until we have discussed it in class. Grading: For QMB 6358 there will be two exams plus some homework assignments. The two exams will count 40% each, with the homework totaling 20%. All out-of-class work may be performed in groups of 2-4, and handed in together. The in-class work is obviously solo.

The Economics of Business

Abstract: Economics is a popular major for undergraduates because the content taught has broad application to decisions made by individuals, businesses, government agencies, and nonprofit organizations. An economics major also helps students understand major economic issues that are discussed and debated at the local, state, national and international levels of society. In addition, an economics major offers sound preparation in analytical thinking and quantitative methods for students planning to enter professional and graduate programs, particularly those in law, business, finance, public policy, and international relations. Professional economists are employed at colleges and universities as teachers and academic researchers, in many branches of governments as policy analysts and data scientists, and in businesses of all types as economic experts, consultants, and applied researchers. Economists study a wide range of topics that include competition in markets, technology and innovation, public finance (taxes and spending), labor and education, environmental issues, income distribution, money and monetary policy, and international trade and finance.

Interactive Video as an Economic Teaching Supplement

Abstract: The authors report on the use of six video cassette tapes produced for managerial economics students and used by them as an interactive supplement to typical learning activities. Although performance was not improved, the attitude of the students using the instruction was favorable—in contrast to the negative reactions frequently reported when television is used as a substitute for usual instruction.

Some research directions in mathematical economics

Abstract: A brief survey of the publications in mathematical economics, dealing with utility theory, probabilistic microeconomic models, and equilibrium under price rigidities, is given.