Economics notes: Definitions of efficiency

Notes for Economics 200c*

Behavioral Economics Introduction: Definitions and Naming Problems in Behavioral Economics

Economics of Energy Efficiency

externality An economically significant effect of an activity, the consequences of which are borne (at least in part) by parties other than the party who engages in the activity, and which are not accounted for through trade. diffusion The gradual adoption of new process or product innovations by firms and individuals. innovation The initial market introduction or commercialization of new proce...

MATHEMATICAL ECONOMICS Lecture Notes 1

1 I am especially grateful to Juergen Jung, Mike Treuden, and Nathaniel Throckmorton for their tremendous contributions to these notes. I also thank Michael Kaganovich and Eric Leeper for their guidance and for giving me the opportunity to develop and teach this course during graduate school. Several classes of Indiana and Auburn University graduate students provided suggestions and corrections...

Notes on induction proofs and recursive definitions

Most of the proof techniques we’ve talked about so far are only really useful for proving a property of a single object (although we can sometimes use generalization to show that the same property is true of all objects in some set if we weren’t too picky about which single object we started with). Mathematical induction (which mathematicians just call induction) is a powerful technique for sho...