COURSE SLIDES/INFO

Microeconomics
Microeconomics, in the “relational approach” as established by Dr. Zamaros (2011, Organizational Behavioral Studies: The Relational Approach), is an integrated and comprehensive study of the various (market) stakeholders that chiefly include consumers and firms, as well as the manner in which they inter-relate, whether this be economic or legal. This course is premised on an effort to develop economic and management tools that are practical and useful to practitioners, thereby taking a stance that is pragmatic and grounded in day-to-day economic and business realities away from futile modeling and idealizations – or what can be labelled “textbook economics”. What is specifically rethought here includes:
  • the market as a contractual nexus whose workings are behavioral and not simply economic
  • the type of markets wherein firms belong to, their features and interactions amongst them in a context of regional and global competition to lure consumers
  • consumer behavior which is complex and not necessarily as rational as it is often portrayed
  • market externalities examined from a technological viewpoint
etc. (i.e. new discoveries!)
week 1
course logistics
presentation 3 - circuits
week 2
presentation 4 - systems
presentation 5 - legal forms
presentation 6 - R on legal forms
week 3
presentation of findings 1
presentation 8 - production
presentation 9 - R on production
week 4
presentation of findings 2
presentation 12 - break even analysis - profit table
week 5
presentation 13 - consumer behavior
presentation 14 - consumer drives
presentation  15 - consumer protection
week 6
presentation 16 - labor supply & demand
presentation 17 - labor markets
presentation 18 - markets - economic view point
week 7
presentation 19 - markets - legal viewpoint
presentation 20 - markets - behavioral viewpoint
presentation 21 - market by-products and their markets
week 8
presentation 22 - passive firms & markets
presentation 23 - R on passive firms & markets
presentation of findings 3
week 9
presentation 24 - dynamic firms & markets
presentation 25 - R on dynamic firms & markets
presentation of findings 4
week 10
presentation 26 - non-competitive firms & markets
presentation 27 - R on non-competitive firms & markets
presentation of findings 5
Macroeconomics
Macroeconomics has traditionally been the study of the larger scale aggregates making up the economy, notably demand and supply, as well as the development of models and measurement tools so as to establish the ideal economic interaction and establish its deviation so as to take fiscal and monetary decisions to reach the set ideal. Considering the recent economic turmoil rising unemployment with no growth, eroded purchasing power, and environmental cause for concern, this course proposes to rethink the “economy” and the way it is approached. The conceptual premise of the course lies in the “relational approach” (RA) as established by Dr. Zamaros (2011, Organizational Behavioral Studies: The Relational Approach) transposed here for the first time from its microeconomic context to examine the relational role the state plays with all the stakeholders, both domestic and international. What is specifically rethought here includes:
  • the concept of behavior as applied to the state and other stakeholders
  • a conceptualization of the aggregate supply premised on pragmatic firm and industry economics
  • a conceptualization of the actual production possibility frontier (actual long run aggregate supply) as opposed to the theoretical production possibility frontier (theoretical long run aggregate supply)
  • the development of a “relational” aggregate supply and demand model that places emphasis on the nexus of relationships between consumers – firms and state inclusive -  and producers
  • the role of metrics in a relational AD/AS model and general usefulness
  • the relevance of the concept of growth in a world of depleting resources
  • the effectiveness of money-based policies (fiscal, monetary) in an interdependent world
  • etc. (i.e. new discoveries!)
week 1
course logistics
presentation 2 - fundamental actors & concepts
presentation 3 - the state
week 2
presentation 4 - state in the relational model (RM)
presentation 5 - the macrocircuit of economic relationships
presentation 6 - research on macrocircuits
week 3
presentation of findings1
presentation 8 - AD in the RM
presentation 9 - AS in the RM
week 4
presentation 10 - using the RM
presentation 11 - economic indices and metrics
presentation 12 - research on economic metrics and forecasting
week 5
presentation of findings 2
presentation 14 - fiscal policies, excise & income tax
presentation 15 - assessing fiscal policies under the RM
week 6
presentation 16 - demand and supply of money
presentation 17 - the role of the central bank
presentation 18 - assessing monetary policies under the RM
week 7
presentation 19 - growth and development
presentation 20 - capital contribution
presentation 21 - labor contribution
week 8
presentation 22 - interrelated economies & bop
presentation 23 - international flow of goods & services
presentation 24 - international money flows
week 9
presentation 25 - economic challenges
presentation 26 - societal challenges
presentation 27 - research on challenges
week 10
presentation of findings 3
presentation 29 - dealing with challenges
presentation 30 - dealing with challenges under the RM