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ECON 191 Economic Thought of Nobel Prize Winners

ECON 191 (Spring 2023)
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Understanding the Socratic Seminar Format

  • YouTube: The power of Socratic Seminars in the classroom!
  • YouTube: How to Conduct a Socratic Seminar
  • 5 Steps to a Successful Socratic Seminar
  • Socratic Seminar Guidelines (pdf)
  • Question Prompts (pdf)

Prize Winners' Lectures, Biographies, and Supplemental Reading

Main Nobel Laureate Website

Week 1: Introduction
  • Ragnar Frisch (1969)
  • Jan Tinbergen (1969)

Week 2: Micro Foundations
  • Kenneth J. Arrow (1972)
    • Arrow, Kenneth J. "Uncertainty and the Welfare Economics of Medical Care." The American Economic Review, 53(5), 1963, pp. 941-973.
  • John R. Hicks (1972)

Week 3: Nonmarket Behavior
  • Ronald H. Coase (1991)
    • Coase, Ronald. "The Nature of the Firm." Economica, 4(16), 1937, pp. 386-405.
  • Gary Becker (1992)

Week 4: Information
  • George J. Stigler (1982)
  • George Akerlof (2001)
    • Akerlof, George A. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism." The Quarterly Journal of Economics, 84(3), 1970, pp. 488-500.

Week 5: Labor Markets
  • Peter A. Diamond (2010)
  • Christopher A. Pissarides (2010)

Week 6: Macro Foundations
  • Paul A. Samuelson (1970)
  • Milton Friedman (1976)

Week 7: Phillips Curve Debate
  • Robert E. Lucas, Jr. (1995)
  • Edmund S. Phelps (2006)

Week 8: Growth Theory
  • Simon Kuznets (1971)
  • Tjalling C. Koopmans (1975)
  • Robert M. Solow (1987)

Week 9: International Trade
  • Bertil Ohlin (1977)
  • Paul Krugman (2008)

Week 11: Game Theory
  • John F, Nash, Jr. (1994)
  • Robert J. Aumann (2005)
  • Thomas C. Schelling (2005)

Week 12: Political Economy
  • Friedrich von Hayek (1974)
    • Hayek, F.A. "The Use of Knowledge in Society." The American Economic Review, 35(4), 1945, pp. 519-530.
  • James M. Buchanan, Jr. (1986)

Week 13: Development
  • Amartya Sen (1998)
  • Angus Deaton (2015)

Week 14: Institutional
  • Elinor Ostrom (2009)
  • Oliver E. Williamson (2009)

Week 15: Experimental
  • Vernon Smith (2002)
  • Esther Duflo (2019)

Week 16: Missing Giants
  • Linda Datcher Loury
    • Loury, Linda Datcher. "Some Contacts Are More Equal Than Others: Informal Networks, Job Tenure, and Wages." Journal of Labor Economics, 24(2), 2006.
  • Joan Robinson
    • Robinson, Joan. "The Production Function and the Theory of Capital." The Review of Economic Studies, 21(2), 1953, pp. 81-106. [SJSU Library TBD]


Optional: Explanatory Videos

Instructor's Note: I may add articles to this page over the course of the semester. I will notify users that content has changed and will also mention the update in class.​ ​

Week 2: Micro Foundations
  • Allais Paradox (optional)
  • Hicksian Demand (optional)
  • Arrow's Impossibility Theorem (optional)

Week 7: Phillips Curve Debate
  • The Phillips Curve may be broken for good (The Economist)
  • Why does low unemployment no longer lift inflation? (The Economist)

Week 11: Game Theory
  • Bayes' Theorem
  • Schelling Point: Cooperating Without Communicating
  • Game Theory 101: Focal Points (YouTube)
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  • Home
  • About Me
  • CV
  • Publications
    • Pedagogical Research
    • Other Media
  • Teaching
    • ECON 191 Nobel Economics
  • Resources