This is the executive summary for the full report, "The Economic Value of the Maricopa County Community College District. Main Report." The Maricopa County Community College District (MCCCD) creates value in many ways. The colleges play a key role in helping students increase their employability and achieve their individual potential.…

The Maricopa County Community College District (MCCCD), established in 1920, has grown to serve 191,073 credit and 24,497 non-credit students. This report assesses the impact of MCCCD as a whole on the county economy and the benefits generated by the colleges for students, taxpayers, and society. The approach is twofold. It begins with an economic…

Trade, the Internet, and product innovation have greatly enlarged the number of goods (N) in the consumer's choice set. The welfare effect of the growth in N has been extensively discussed in the specialized literature, but very little has filtered down to our textbook models of a competitive equilibrium. These focus on the Pareto-optimal…

Analyzes changes in household formation and housing choices, fuel rates, per capita income, technological developments, and equipment efficiences to show that residential energy use growth could reach zero by the year 2000. (MLH)

A study was conducted to generate an estimate of total expenditures and employment in the Kentucky economy in fiscal year (FY) 1985-86 due to the existence of public higher education. The direct economic impact attributable to public higher education includes expenditures generated by public institutions of higher education and affiliated…

Reconsiders Uriel Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve. Extends this to include similar utility functions that yield inferiority. Discusses the earlier work of related theorists including Liebhafsky, Vandermeulen, and Wold and Jureen. (MJP)

Reexamines Spiegel's analysis of the Giffen phenomenon, a utility function that yields an inferior good with an upward-sloping demand curve and incorporates Christian Weber's criticism into the model. Disagrees with Weber on some points but agrees that as income decreases the likelihood of the Giffen product decreases. (MJP)

Direct and indirect contributions of nine Arkansas universities to the economic well-being of the state, as well as the expected rate of return from support of higher education, were assessed. In-state expenditures by the universities and local expenditures by university staff and students were measured. A major impact was the value of business…

Explores the consequences of textbook authors' failure to recognize that producers can acquire the good in which they lack a comparative advantage through either trade or internal production. Examines variations in the construction and graphical depiction of consumption possibility frontiers in principles of economics textbooks. (MJP)

Presents an annotated bibliography intended to inform nonspecialists of microeconomic research in poor countries. Six areas of research are discussed: household economics, health/nutrition and income, poverty measurement and analysis, agrarian technological change and labor markets. The section on labor markets also discusses saving, credit, and…

Using aggregate data from several Idaho counties and towns, the study examined the economic forces which pressure small town people and merchants--pressures which ultimately shape and will shape small towns in areas like Idaho. Six towns chosen for intensive study were Priest River, Cottonwood, Riggins, Shoshone, Oakley, and Malad. Focusing on…