Some Price Elasticities of Demand

Posted on January 21, 2007 by | Leave a comment

Here are some from a report by the Mackinac Center for Public Policy. They got them from elsewhere. they modeled demand for public and private schools and were trying to show that having “charter” schools would not hurt the economics of public schools very much.

Elasticities

Source: Economics: Private and Public Choice, James D. Gwartney and Richard L. Stroup, eighth edition
1997, seventh edition 1995; primary sources: Hendrick S. Houthakker and Lester D. Taylor, Consumer
Demand in the United States, 1929-1970 (Cambridge: Harvard University Press, 1966,1970); Douglas R.
Bohi, Analyzing Demand Behavior (Baltimore: Johns Hopkins University Press, 1981); Hsaing-tai Cheng
and Oral Capps, Jr., “Demand for Fish” American Journal of Agricultural Economics, August 1988; and
U.S. Department of Agriculture.

Leave a comment

Posted in Managerial Econ, Microeconomics

Macro – Week 3 – Spring

Posted on January 20, 2007 by | 2 comments

I hope to finish chapters 3 and 4 this week by Friday.  You should be working problems as preparation for the exam on Jan 31. While we will do some review on Monday the 29th, you can ask questions in advance.  Next Friday (or maybe Wednesday) I can give you a discussion of what the exam should cover.  Of course everything is fair game.

You should definitely try to read chapters 3 and 4 by Wednesday.

And be sure to bring problems or questions to class.  The answers  are posted, but you might still have questions about how they got to the answer.  And there could be errors, which you can get a bonus point for if you are the first to call it to my attention.

If folks want me to post the answers to the problems at the end of the chapters, I can do that.  If no one is working them, I won’t bother.  Let me know if you need them.

2 Comments

Posted in Macroeconomics

CTL Certificate WebCT site

Posted on January 18, 2007 by | Leave a comment

I’ve uploaded the information and the link to AST&L to a new item in WebCT.  I registered everyone who wrote their names down at the initial meeting.  Please look to see if you have access.  It won’t show up under your courses, but in an Academic Projects section.  Feel free to look it over.

Remember, the texts used to create the exams will be on reserve in the library soon.  I hope we will be able to meet next week and get started.  How does Monday at 12 sound to pick a regular meeting day and time?  Let’s hold the meeting to 15 minutes max and all show up on time to participate.

If you can’t get in to the page on WebCT let me or kalani know and we will get it ironed out.

Leave a comment

Posted in CTL Certification