Enrollment, mid-term grade, etc.

References

• Fundamental Methods of Mathematical Economics, Alpha Chiang
• Hall R. Varian, Microeconomic Analysis, 3rd Edition
• Hall R. Varian, Intermediate Microeconomics, a Modern Approach, 8th Edition
  • Tom Domencich and Daniel L. McFadden, Urban Travel Demand: A Behavioral Analysis, North-Holland Publishing Co., 1975. Reprinted 1996.
• Saito, Tetsuya, How Do We Get Cobb-Douglas and Leontief Functions from CES Function: A Lecture Note on Discrete and Continuum Differentiated Object Models (May 13, 2011). Journal of Industrial Organization Education, Volume 6, Issue 1 (Article 2).
• Thomas L. Saaty, The Modern Science of Multicriteria Decision Making and Its Practical Applications: The AHP/ANP Approach, Operations Research , September-October 2013, Vol. 61, No. 5 (September-October 2013), pp. 1101-1118
• Undergraduate Energy & Env. Econ.
• Urban Travel Demand (North-Holland Publishing Company, 1975) [1: Front]  [2: Binary Choice Model], Green Chap. 21 Models for Discrete Choice

Selected Topics

1. CGE (Computable General Equilibrium) Models
   1. The Lazy Economist
   2. GAMS Mode
   3. Emacs [1] [2]
2. Test of Empirical Validity and Positive Economics
3. Review on the Economic Methods
   1. Microeconomics vs. Macroeconomics [1] [2]
   2. Price, a numeraire, relative price
   3. Efficient Allocation and Distributional Issue
   4. Preference, Budget Line and Indifference Curve – What is a Well Behaved Indifference Curve?
   5. Empirical Applications:
      •  Basics of Data Analysis
      • (Ordinal) Utility, Monotonic Transformation, Marginal Utility, Empirical Example: A binary Choice Model, Urban Travel Demand  - by Thomas Domenich and Daniel McFadden, For full document
      • Binary and Multiple Choice Models – William H. Green, Econometric Analysis, 7th Ed.
   6. Definition of Goods, Demand Function,
      • CES utility function and derivation of indirect utility function
   7. Price level and Price Index
   8. Intertemporal Choice, Risk and Uncertainty
   9. Competive market vs. Monopoly
      1. Energy Policy using quantity tax vs. income tax
      2. Tax incidence, Laffer Effect, Modeling for the empirical test of hypothesis
      3. One type of market failure (often observed in energy industry) and the role of government
      4. Monopoly by George J. Stigler, the Men who built America [1] [2]
   10. Welfare Economics
       1. McKenzie, George W., Measuring Economic Welfare: New Methods, Cambridge Univ. Press, 1983
       2. Arrow, A difficulty in the Concept of Social Welfare, the Journal of Political Economy, V.58, 1950, pp.328-346
       3. Arrow, Social Choice and Individual Values, 2nd Ed., John Wiley and Sons, Inc., New York, 1963
   11. Externality
       1. Ronald H. Coase – Story behind his work
       2. Ronald Coase, The Problem of Social Costs,” The Journal of Law & Economics, Vol. 3 (Oct., 1960), pp. 1-44
   • Selected Topics for Energy Economics
     1. Domestic LNG Market – Demand, Supply, and Sustainable Economic Growth
     2. Power Market and Competition
     3. Benefit-Cost Analysis I
     4. Benefit-Cost Analysis II

   Reading Material

   1. The Scope and Method of Political Economy, John Neville Keynes, Excerpted from The Scope and Method of Political Economy, 4th ed., by John Neville Keynes, London: Macmillan, 1917 [Full Text from Google E-book]
   2. The Method of Positive Economics, Milton Friedman, from essays in Posive Economics, by Milton Friedman, Chicago: University of Chicago Press, 1953
      - Fast moving plant
      
   3. Monopoly by George J. Stigler

    Review of Classes before Mid-term Exam