ISE Microeconomics

David Colander is Distinguished College Professor at Middlebury College. He has authored, coauthored, or edited over 40 books and over 150 articles on a wide range of economic topics.He earned his B.A. at Columbia College and his M.Phil. and Ph.D. at Columbia University. He also studied at the University of Birmingham in England and at Wilhelmsburg Gymnasium in Germany. Professor Colander has taught at Columbia University, Vassar College, the University of Miami, and Princeton University as the Kelley Professor of Distinguished Teaching. He has also been a consultant to Time-Life Films, a consultant to Congress, a Brookings Policy Fellow, and Visiting Scholar at Nuffield College, Oxford.He has been president of both the History of Economic Thought Society and the Eastern Economics Association. He has also served on the editorial boards of the Journal of Economic Perspectives, The Journal of Economic Education, The Journal of Economic Methodology, The Journal of the History of Economic Thought, The Journal of Socio-Economics, and The Eastern Economic Journal. He has been chair of the AEA Committee on Electronic Publishing, a member of the AEA Committee on Economic Education, and is currently the associate editor for content of the Journal of Economic Education. He is married to a pediatrician, Patrice. In their spare time, the Colanders designed and built an oak post-and-beam house on a ridge overlooking the Green Mountains to the east and the Adirondacks to the west. The house is located on the site of a former drive-in movie theater. (They replaced the speaker poles with fruit trees and used the I-beams from the screen as support for the second story of the carriage house and the garage.) They now live in both Florida and Vermont.

PART 1: INTRODUCTION: THINKING LIKE AN ECONOMIST

1  Economics and Economic Reasoning

2  The Production Possibilities Model, Trade, and Globalization  

3  Economic Institutions

4  Supply and Demand

5  Using Supply and Demand




PART II: MICROECONOMICS

THE POWER OF TRADITIONAL ECONOMIC MODELS

6  Describing Supply and Demand: Elasticities  

7  Taxation and Government Intervention 

8   Market Failure versus Government Failure

8W Politics and Economics: The Case of Agricultural Markets




INTERNATIONAL ECONOMIC POLICY ISSUES

9    Comparative Advantage, Exchange Rates, and Globalization 

10  International Trade Policy




PRODUCTION AND COST ANALYSIS

11   Production and Cost Analysis I 

12   Production and Cost Analysis II




MARKET STRUCTURE

13   Perfect Competition 

14   Monopoly and Monopolist Competition

15   Oligopoly and Antitrust

16   Real-World Competition and Technology




FACTOR MARKETS

17   Work and the Labor Market 

17W Nonwage and Asset Income: Rents, Profits, and Interest

18   Who Gets What? The Distribution of Income




CHOICE AND DECISION MAKING

19   The Logic of Individual Choice: The Foundation of Supply and Demand 

20   Game Theory, Strategic Decision Making, and Behavioral Economics




MODERN ECONOMIC THINKING

21   Thinking Like a Modern Economist

22   Behavioral Economics and Modern Economic Policy

23   Microeconomic Policy, Economic Reasoning, and Beyond