Economics 503 - Montana State University

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Naked Economics by Charles Wheelan. • Available from. Country Bookshelf (2 copies) and elsewhere. • Required? • Nonsense: We're. Retired! • “Explains our ...
Naked Economics by Charles Wheelan • Available from Country Bookshelf (2 copies) and elsewhere • Required? • Nonsense: We’re Retired! • “Explains our global economy in a way that is (gasp!) actually entertaining.”—Book Magazine

Naked Economics by Charles Wheelan November 13: Chapters 1 & 2 November 20: Chapters 3 & 4 November 27: Chapters 5, 6, & 7 December 4: Chapters 8, 9 & 10 December 11: Chapters 11, 12, 13 & Epilogue

Goals • Introduce the “Economic Way of Thinking” • Apply these Ideas to Selected Issues

Caveats 1. Economics is only one way to view the world; Other approaches are helpful, too. 2. But I don’t know much about physics, engineering, biology, sociology … 3. And I don’t know everything about even just the economics of many issues … 4. But I’ll try

Douglas J. Young • • • • •

PhD (Economics) From University of Wisconsin Professor of Economics Montana State University Since 1977

Research • State-Local Government Finances – How Do Montana Taxes Compare? – Recruitment, Retention and Teachers’ Salaries

• Alcohol Policy – How do advertising bans affect drinking? – How would a 50 cent increase in the cost of a six pack affect traffic fatalities?

Visiting Professor • Carnegie Mellon University • University of Botswana

“Use It or Lose It”

Visiting Professor • Carnegie Mellon University, Pennsylvania • University of Botswana • Al Akhawayn University, Morocco

Visiting Professor • • • •

Carnegie Mellon University, Pennsylvania University of Botswana Al Akhawayn University, Morocco American University in Cairo, Egypt

Visiting Professor • • • • •

Carnegie Mellon University, Pennsylvania University of Botswana Al Akhawayn University, Morocco American University in Cairo, Egypt University of International Business and Economics, Beijing, China

Visiting Professor • • • • •

Carnegie Mellon University, Pennsylvania University of Botswana Al Akhawayn University, Morocco American University in Cairo, Egypt University of International Business and Economics, Beijing, China • Indian Institute of Technology Bombay, India

Other International Experience • Mexico, 1963 (“Kennedy Asesinado”) • Vietnam, 1968-69 • Europe, Turkey, Iran, Afghanistan, Pakistan, India, Nepal (and back), 1971-72

National Highway

You • Your name (if you wish) • One or two questions/issues that you would like to see addressed in this class • I am not promising to answer all.