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Gelles, Gregory M.; Mitchell, Douglas W. – Journal of Economic Education, 1996
Maintains that most economics textbooks continue to repeat past mistakes concerning returns to scale and economies of scale under assumptions of constant and nonconstant input prices. Provides an adaptation for a calculus-based intermediate microeconomics class that demonstrates the pointwise relationship between returns to scale and economies of…
Descriptors: Accountability, Business Cycles, Calculus, Economic Factors

Weber, Christian E. – Journal of Economic Education, 1997
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)
Descriptors: Business Cycles, Consumer Economics, Economic Climate, Economic Factors

Spiegel, Uriel – Journal of Economic Education, 1997
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)
Descriptors: Business Cycles, Consumer Economics, Economic Climate, Economic Factors

Udry, Christopher – Journal of Economic Education, 1997
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…
Descriptors: Annotated Bibliographies, Business Cycles, Consumer Economics, Developing Nations