A Last Course: Economics in Perspective (Spring 2000)
Contact: You are welcome to approach me by phone (640-9601) or e-mail: email@example.com
The course is indeed over.... and the grades will be given to the school's office on July 6th. 23 studnets have submitted the 5 projects. The grades are:
95-100 the student expressed nice original ideas
90 nice job (but not beyond)
It is not simple to grade the projects and I may have done mistakes. Feel free to complain if you really feel I am mistaken.
The course is over...... Yet, you need to get a grade.
Projects:You are required to submit the 5 projects. Final date for submission July 4th 2000. Students who will not submit the 5 projects by taht date will not get a grade. Students are encouraged to send me a message (or leave me a note) with a choice of their "3 best projects". In such a case I will base the grade on these 3 projects only.
|The Rational Man||Tversky, A. and Kahanmean,D. "Rational Choice and teh Framing of Decisions", Journal of Business, 59 (1986), 251-278.||1) Invent an experiment which demonstrates a systematic Deviation from the Rational Man scheme.|
|The First Welfare Theorem||Stiglitz, J. "Whither Socialism" MIT Press 1994. Chapter 3.|
|The First Welfare Theorem||2) Analyze another reason for the failure of the First Fundamental Theorem of Welfare Economics.|
|The Second Welfare Theorem||Stiglitz, J. "Whither Socialism" MIT Press 1994. Chapter 4.|
|Distributive Justice||Yaari, M. and M. Bar-Hillel "On Dividing Justly", Social Choice and Welfare, 1 (1984), 1-24.||3) write a short essay on the question "what is a fair price"?|
|Fairness as a missing constraint||Daniel Kahneman, Jack L. Knetsch, Richard Thaler (1986) "Fairness as a Constraint on Profit Seeking: Entitlements in the Market" The American Economic Review, Vol. 76, No. 4. , pp. 728-741.|
|Utility and Happiness||Daniel Kahaneman "Experienced Utility and Objective Happiness: A Moment-based Approach in D.Kanhneman and A.Tversky (Eds.) Choices, Values and frames (2000)||4) Plan an experiemnt to demonstrate one of the issues
explored in the article, or,
Find an economic policy problem where the distinctions made in teha rticle are relevant.
|A case study: "The Market for Babies"||Landes,E. and Posner, R. (1978) "The Economics of Baby Shortage", Journal of Legal Studies, 7: 323-348.and Prichard. J. (1984) "A Market for Babies" University of Toronto Law Journal, 34: 341-357.|
|Privatization of Prisons||Hart, O. A. Schleifer and R.Vishny (1987) "The Proper Scope of Government Theory and an Application to Prisons", QJE 1127-1161||5)Discuss one of the issues: "the market for babies" or :the "privatization of prisons".|
Note: This was a very experimental course. My aim was to build a course which will eventually serve as a "last course" in the BA program beinging the point of view that economics has a very very limited messgae to real life issues and that there is a wide room for other type of considerations even when we discuss "economic" issues. I learnt alot from the course: most importantly how difficult it is to build such a course. One day, I hope to continue this project.