Professor Jeff Herbener

Reading: Paul Samuelson and William Nordhaus, Economics, 19th edition (Boston: McGraw Hill, 2010)

Each Lecture corresponds to the same Chapter number in Samuelson’s book.

  1. Is there a distinctive economic way of thinking?
  2. What is the proper role of the state in the economy?
  3. How do prices coordinate social interaction?
  4. How useful is demand and supply analysis?
  5. Homo Economicus or homo agens?
  6. Is the business firm merely a production function?
  7. Is cost merely the monetization of a production function?
  8. Need competition be perfect?
  9. Is competition everywhere imperfect?
  10. Is regulation necessary?
  11. Is risk distinct from uncertainty?
  12. Are income and wealth equitably distributed?
  13. Are wages deserved?
  14. Do we exploit the environment?
  15. Are interest and profit really necessary?
  16. Where do we draw the line between the state and the market?
  17. How do we help the poor?
  18. How should we treat foreigners?
  19. What is macroeconomics?
  20. Are there any useful macroeconomic statistics?
  21. Which is more important, consumption or investment?
  22. What causes business cycles?
  23. How does money affect production?
  24. Is monetary policy stabilizing or destabilizing?
  25. What causes economic growth?
  26. Why is economic growth uneven?
  27. What determines the pattern of international trade?
  28. How does an open-economy operate?
  29. What causes unemployment?
  30. What causes inflation?
  31. What are the consequences of government debt?