Readings for Fall 2013
Penson, et al., Chapter 2: The US Food and Fiber Industry
Penson, et al., Chapter 4: Consumer Equilibrium and Market Demand (just section on Consumer Surplus, pages 63–64)
Penson et al., Chapter 8: Market Equilibrium and Product Price: Perfect Competition
Wright, Brian D. 1995. “Goals and Realities for Farm Policy.” In Agricultural Policy Reform in the United States. Edited by Daniel A. Sumner. Washington, DC: American Enterprise Institute. Chapter 2: 9–44.
Sumner, Daniel A. 2007. “Farm subsidy tradition and modern agricultural realities.” Agricultural Policy for the 2007 Farm Bill and Beyond, American Enterprise Institute.
Penson, et al., Chapter 19: Agricultural Trade Policy
Krugman, P., 1993. “What do undergrads need to know about trade?” American Economic Review 83 (2), 23–26.
Sexton, S., Zilberman, D., Rajagopal, D., Hochman, G., Wesseler, J., & Scatasta, S. (2009). The role of biotechnology in a sustainable biofuel future. AgBioForum, 12(1), 130-140.
Penson et al., Chapter 9: Market Equilibrium and Product Price: Imperfect Competition
Falck-Zepeda, J. B., Traxler, G., & Nelson, R. G. (2000). Surplus distribution from the introduction of a biotechnology innovation. American Journal of Agricultural Economics, 82(2), 360–369.
Penson, et al., Chapter 13: Macroeconomic Policy Fundamentals (pages 243-266)
“Quantitative easing: QE, or not QE? An assessment of the most controversial weapon in the central banker’s armoury.” The Economist, Jul 14th 2012
Dotsey, M. (2010). Monetary policy in a liquidity trap. Business Review, (Q2), 9–15.
Rajan. R. “Is Inflation the Answer?” Project Syndicate. Sept. 8, 2011
Meltzer, A. “When Inflation Doves Cry.” Project Syndicate. August 13, 2013.
Stiglitz, J. “Changing of the Monetary Guard.” Project Syndicate. August 5, 2013.
Penson, et al., Chapter 14: Consequences of Business Fluctuations.
Krugman, P. 2005. “Is Fiscal Policy Poised for a Comeback?” Oxford Review of Economic Policy, 21(4), 515–523.
Feldstein, M. 2009. “The Case for Fiscal Stimulus.” BusinessDay, 28 January April, p.52.
Stiglitz, Joseph E. (2010) “The Dangers of Deficit Reduction,” The Economists' Voice: Vol. 7: Iss. 1, Article 6.
Roubini, Nouriel. “How to Avoid a Double-Dip Global Recession.” Series: After the Storm. 2010-06-15. Project Syndicate, 2010.
Roubini, Nouriel. “Double-Dip Days. Series: After the Storm.” 2010-07-16. Project Syndicate, 2010.
Taleb, N. 2009. “How Bank Bonuses Let Us All Down,” Financial Times. February 24 2009.
Johnson, S. and J. Kwak. 2010. 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Introduction. Vintage Books: New York.
Roubini, Nouriel “The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Financial Disaster,” RGE Monitor. New York: Roubini Global Economics Service, February 5, 2008.
Min, David. 2011. “Why Wallison Is Wrong About the Genesis of the U.S. Housing Crisis: Responding to Wallison’s Latest Defense of His Flawed Financial Crisis Inquiry Commission Dissent,” Center for American Progress.
Krugman, P. 2009. “How did economists get it so wrong?” New York Times Magazine, September 2.
Roubini, N.. 2011. “Guns and Butter and Low Taxes: On Deficits, Debts, Debt Ceilings and the U.S. Fiscal Mess,” Roubini Global Economics.
Skidelsky, R. “Austere Illusions.” Project Syndicate. May 21, 2013
Frankel, J. “The Flawed Origins of Expansionary Austerity.” Project Syndicate. May 20, 2013
Spence, M. “Learning about Growth from Austerity,” Project Syndicate. May 18, 2013
Regional Economic Development
Schaffer, W.A. (2010) “Regional Models of Income Determination: Simple Economic Base Theory.” Chapter 3 of Regional Impact Models. Web Book of Regional ScienceWest Virginia University—Regional Research Institute.
Deller, S., & Williams, D. (2011). The Economic Impacts of Agriculture in Wisconsin Counties. University of Wisconsin Cooperative Extension. Retrieved on April, 10, 2012.
Harris, T. & J. White. 2004. Estimated Economic Impacts of the Cattle Ranching and Farming Sector on the White Pine County Economy. Technical Report UCED 2004/05-15. University of Nevada, Reno.
Kerna, A. & Harris, T. 2009. An Input-Output Analysis of Economic Diversity in Douglas County. Technical Report. UCED 2008/09-26 University of Nevada, Reno.
Irwin, E. G., Isserman, A. M., Kilkenny, M., & Partridge, M. D. (2010). A century of research on rural development and regional issues. American Journal of Agricultural Economics, 92(2), 522–553.
Mortensen, J. 2004 “Agriculture’s Impact on the Arizona Economy.” Arizona Review 2(2):3–5. Department of Agricultural and Resource Economics, University of Arizona, Tucson.
Douglas, A. J., & Harpman, D. A. (1995). Estimating recreation employment effects with IMPLAN for the Glen Canyon Dam region. Journal of Environmental Management, 44(3), 233-247.
November 25, 2013.