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I taught economics and economic history for 13 years in New York City, while working towards a PhD until the Fall of 2021.
In the Spring of 2020 I created the Cameron's Teaching Modules YouTube channel which contains the lectures I prepared to teach the introductory macro and micro courses. I recorded these lectures in order to complete the semester through remote teaching during the lockdown period. The channel also includes several lectures and homework reviews in managerial economics and theory of the firm as well as recent work in cultural economics.
I created a syllabus to accompany the introductory teaching modules which offers an opportunity for on-line autonomous study of basic economic principles. This course and syllabus is intended to be a "one semester" course which covers both the necessary micro and macro principles. Here is the syllabus introduction on the Youtube channel.
In the courses I teach in person I give a quiz on Supply and Demand. Here is an answer to a quiz on trade-barriers, rent-seeking and super-profits. We also did a Hardfire TV show on this topic.
This is the same category of quiz, only related to the political economy of people seeking employment, labor unions and a national minimum wage. This is the corresponding teaching module on my YouTube channel. This video describes how the quiz is graded.
Here are some of the courses I have taught and related materials and references (until the Fall of 2021):
Managerial Economics
St. John's University
Tobin College of Business, ECO 4340
Syllabus Assigned topics for group research and presentation
Essay assignment on competition, consumer soveriegnty and price elasticity of demand
Managerial Economics blog
"The 'App Economy' versus Vested Interests", C.M. Weber 2018
"The Economics of the Pharmaceutical Industry" D.N. Lakbawalla, JEL 2018
"What's good for General Motors is bad for America" C.M. Weber 2017
"Qualcomm Antitrust Case Raises Far-Reacing National Security Concerns" Thompson 2020
"A Financial Capitalism Perspective on Start-up Aquisitions: Introducing the Economic Goodwill Test", McLean, Journal of Competition Law & Economics 2020
"Can One (Ever) Accurately Define Markets?" Vassallo 2017 JCL&E
Insights into managerial economics on scale and scope, networks, economic regulation, rent-seeking and theories of industrial organization for our new economy: Big Tech's Big-Time, Big Scale Problem and The Untold History of FCC Regulation Cato Policy Report 2018
Measuring market power lecture note
Figure 12.3 from Png text on 'rivalness'
Neoclassical model on why IPR is necessary in 'short-term'
Lecture note on market reasons for firm incentive compatability in governance
Png text figure 14.4 about weighing 'outsource' vs. vertical integration
Lecture Heuristic on Networks and Tipping Points There is also a teaching module on this topic on my youtube teaching channel based on this material
"Measuring Corporate Culture Using Machine Learning" Li, etal, Review of Financial Studies 2020
"Divide and Conquer: Price Discrimmination in Streaming Media", Tovar, ACEI Conference Paper 2017
"All the President's Friends: Political Access and Firm Value", Brown and Huang, Cato 2017
"Lobbying, political connections, and emergency lending by the Federal Reserve", Blau etal, Public Choice 2017
"Lobbying on Regulatory Enforcement Actions", Lambert, SSRN 2015
"The Myth of Natural Monopolies" DiLorenzo, Mises 1996
"Chicago's Best Ideas: Theory of the Firm", U Chicago Law School
"The FCC can facilitate the rise of 5G by letting markets work instead of handpicking monopolies pushing lopsided 'sales'", FEE 2019
David Friedman on Price Theory youtube
Hester Pierce, SEC commissioner, "Motherhood and Humble Pie", on the dangers of over-regulation in the financial markets 2018
Macroeconomics
St. John's University
Collins College of Professional Studies, ECO 1001
Syllabus Midterm Exam Supply and Demand Quiz Final Exam
Group research and presentation assignments based on Mankiw's 'economists agree'
Peer reviews for group presentations
Mankiw's Principles of Macroeconomics, 6th edition and on-reserve at the university library
"10 Principles" of economics, from Mankiw, Ch. 1
"Economists Agree," from Mankiw's Blog, to be used in group project and presentation (see syllabus)
Hayek v. Keynes "ideal-types"
Regulatory Capture Theory 101 from the Wall Street Journal, here's the direct link to the WSJ article. Here is my teaching module on rent-seeking explained
"Conflicts in the calculation and use of the price index", Jany-Catrice, CJE, October 2017
"Gross Domestic Product- an index of economic welfare or a meaningless metric?," Robert Higgs
"Housework's U.K. Value: $1.6 Trillion", NYT, 2018
F.A. Hayek 1945 Use of Knowledge in Society American Economic Review
Fraser World Economic Freedom
Hardifre TV: Why People Want to Leave New York
George Selgin youtube A Century of Failure: Why it's Time to Consider Replacing the Fed
Hardfire TV, The Problem with Macroeconomics
Quantitative Easing Explained YouTube
Be Wise and Privatize: MTA Serf City
Economics of disasters, Hardfire TV show on same topic
Example on bond classes, risk by type and time
Private, Public, Collective Goods typology
Lecture note a concise definition of Hayek's 'knowledge problem'
Lecture note on "the knowledge problem", from teaching material taken from the syllabus
Economic role for government from my Economics for Everyone, 2nd Edition, see eBooks on this website
Lecture note describing the tax-code incentives in the USA which prioritizes debt capitalization over equity, creating financialization of the economy, and recommendations for reform
Lecture note on the political economy of international banking, this is also covered in my teaching module on bond-ratings capture
Ruth Towse (2010) on the 'fiscal multiplier'
Microeconomics
St. John's University
Collins College of Professional Studies, ECO 1002
Syllabus
"10 Principles" of economics, from Mankiw, Chpt. 1
Hayek v. Keynes "ideal-types"
Potential group presentation topics
"Monopoly isn't Always What We Think It Is", Rogers Law and Liberty, 2018
"Spotify has changed how people listen to music. To make money it may have to upend the industry yet again" Economist magazine, 2018
"All the President's Friends: Political Access and Firm Value" NBER, 2017
"Trust-Busting Causes More Problems" FEE, 2018
"What if large tech firms were regulated like sewage companies?" Economist, 2017
"We could have had cell phones 40 years earlier" Hazlett, FEE, 2017
"Windfall: American Untilties, Can the monopolists at the heart of America's shift to cleaner energy thrive in a new climate?", Economist Magazine, July 2019
"Can Solar Energy Actually Compete in a Free Market? One Energy CEO's Surprising Answer", FEE, 2021
Private, Public, Collective Goods typology
Economic role for government
Bradford & Chilton 2018 "Competition Index" Journal of Competition Law and Economics
Coase 1937 Nature of the Firm Kreuger 1974 The Political Economy of the Rent-Seeking Society Hayek 1945 Use of Knowledge in Society
Rizzo 1978 "Praxeology and Econometrics: A Critique of Positivist Economics" in Spadaro, editor 1978 Kennedy 2011 A critical review of "against intellectual monopoly"
Vassallo 2017 Can One (Ever) Accurately Define Markets?
Example on bond classes, risk by type and time
Regulatory Capture Theory 101 from the Wall Street Journal, here's the direct link to the WSJ article
Lecture note on "the knowledge problem", from Hayek 1945 and as built-up subsequently by other economists
Lecture note on the Marginal Revenue curve
Lecture note on Intellectual Property Rights (IPR) in neo-classical economics
Lecture note on First Mover Advantage and rent-seeking
Lecture note describing the tax-code incentives in the USA which prioritizes debt capitalization over equity, creating financialization of the economy, and recommendations for reform.
Money and Banking
St. John's University, ECO 2309
Syllabus Group presentation requirements and suggested topics
Homework assignments
"The redistributional politics of monetry policy" Rouanet & Hazlett, Public Choice 2023
US GAO Community Banks and Credit Unions: Regulator could take additional steps to address compliance burdens 2018
US GAO Dodd-Frank Regulations: Consumer Financial Protection Bureau needs a systemic process to prioritize consumer risks 2018
B. Applebaum Former Fed Official Sues the Fed for Rejecting a Plan for a New Kind of Bank New York Times 2018
James Dorn Fed Needs Rules to Avoid Financial Instability IBD Weekly 2011
Tyler Cowen Break up the Big Banks? Here's an Alternative, NYT 2012
"The slumps that shaped modern finance", Economist 2014
"How the IRS Could Cripple Cryptocurrency" Reason 2017
James Forder "What was the message of Friedman's Presidential Address to the American Economic Association?" Cambridge Journal of Economics 2017
Benjamin M. Blau Lobbying, political connections and emergency lending by the Federal Reserve Public Choice 2011
J. Friedman, ed. Critical Review: A Journal of Politics and Society: Special Edition - Causes of the Crisis 2009
FDIC Final Ruling on Liquidity Coverage 2014 Rules on Large Bank Resilience 2020
Link to Vera Smith 1934 The Rationale of Central Banking
Milton Friedman 1962 The Control of Money in Capitalism and Freedom
F.A. Hayek 1977 Towards a Free Market Monetary System in Good Money, Part II, The Collected Works of F.A.Hayek
Murray Rothbard 1995 Austrian Definitions of the Money Supply
George Selgin YouTube A Century of Failure: Why it's Time to Consider Replacing the Fed
Quantitative Easing Explained YouTube
D.I. Prychitko 2010 Competing explanations of the Minsky moment: The financial instability hypothesis in light of Austrian theory Review of Austrian Economics
Bordo in JEH on the history of monetary and financial policy 2018
"The ECB's Latest Program is a Big Mistake - Here's Why", Lacalle, ET, 2021
"Congress Needs to Rein In a Too-Powerful Federal Reserve," Shelton, WSJ, Sept 2021
Lecture note describing the tax-code incentives in the USA which prioritizes debt capitalization over equity, creating financialization of the economy, and recommendations for reform.
Graphic showing historical development of the "dual banking system" in the USA
Example on bond classes, risk by type and time
Example difference between typical corporation and commercial bank Balance Sheets
Classification of risk categories and risk mitigation in bank lending
Graphic on "Living Wills" and related hybrid instruments for "bail-in" instead of "bail-out"
Example commercial bank Balance Sheet
Example central bank Balance Sheet
Economic History
St. John's University, Tobin College of Business, ECO 1326, Economic History of the Western Community
Syllabus Homework One Homework Two
Lecture Notes theory-antiquity feudalism mercantilism industrialization modern economy financial crisis of 2008 social structures of modern capitalism American founding project
I have created Cameron's Economic History Channel on YouTube to capture these lecture notes and ideas
Presentation requirements and some suggested topics
List of vocabulary words and concepts used in class
From Aristocracy to Monarchy to Democracy, H.H. Hoppe 2014
"An Anglo-Irish Cicero" (on Edmund Burke, 1730-1797), Alan Ryan, New York Review of Books (NYRB), 2018
What Don Quixote had to say about the Social Relations of Production in pre-history
Documentary on Lorenzetti "Allegory of Good Government and the Effects of Good and Bad Government" (1337-1340)
"The first victims of the first crusade (1096-1099)", NYT, 2015
Great Myths of the Great Depression, by Lawrence Reed
"When Government Drew the Color Line", NYRB, J. DeParle, February 2018
"Trade within Africa: Tear down these walls", Economist 2016
Map of world human migrations and from hunter-gatherers to farming, NYT March 2018
The "Wizard of Oz" as Monetary Allegory, Rockoff, JPE, 1990
The Middle East Shows Free Exchange is as Old as Civilization, FEE 2018
"A Visionary Psychopth", on Sultan Selim and the Ottoman Empire, de Bellaigue, NYRB 2021
FEE portal on ancient Rome
"Property, Geopolitics and Eurocentrism: The 'Great DIvergence' and the Ottoman Empire", Duzgun, RRPE 2018
"Deep-Rooted Culture and Economic Development", Luis Herrero-Prieto, ACEI, 2018
"First Among Equals", on development of Dutch bourgoisie society in the 17th Century, J.L. Koerner, NYRB, 2019
Periodization in political economy of the arts
"Path Dependence in European Development: Medieval Politics, Conflict, and State-Building", Comparative Political Studies 2019
Industrial Organization
St. John's University, ECO 2327 Development of American Business Enterprise
Syllabus
Homework assignment
Potential topics for the class presentation
Historical context of US industrial development
Readings (in addition to texts):
Coase 1937 Nature of the Firm Kreuger 1974 The Political Economy of the Rent-Seeking Society
Armentano 1978 "A Critique of Neoclassical and Austrian Monopoly Theory", found in Spadaro, editor 1978
Friedman 1962 Monopoly and the Social Responsibility of Business and Labor
Weber 2010 On Privatizing the MTA
Additional Resources:
Journal of Antitrust Enforcement
Economic Geography (Journal)
Richman 2009 Intellectual Property versus Real Property
Van Tuinen 2011 The Ignored Manipulation of the Market: Commercial Advertising and Consumerism Require New Economic Theories and Policies in Review of Political Economy
The Pill Whose Price Went Up 5000%? It costs 5 Cents in India, Alex Tabarrok, Sept 25, 2015
World Trade Organization anti-dumping portal
US Department of Justice Antitrust Division website
International Economics
Fashion Institute of Technology, SUNY
Syllabus
Timeline showing emerged and created institutions influencing the world economy
A brief summary of trade theories from comparative advantage to intra-industry trade
Vocabulary list of terms and concepts used in international economics
Cultural Economics
Syllabus This is a one-semester Introductory course on cultural economics for non-economists. It covers the essentail principles in economics while using the arts as subject matter.
Syllabus This is an economics elective course. It is not necessary to have had the introductory macro- and macro-courses, though it might be helpful.
Environmental Economics and Policy
Textbook
Syllabus
Potential research topics
Nelson Economics and Environmentalism: Belief Systems at Odds
Weber Is Environmental Quality a Luxury Good?
Dyson The Question of Global Warming
Hahnel Left Clouds Over Climate Change Policy
Lectures on Methodology and Ethics in Economics
"Complex Econogenic Harm: How Economic Policy Can Harm the Worse-off in Society with Examples from Today," prepared for the St. John's University Academic Center for Equity and Inclusion 2019
Lecture critiquing anti-trust practice through the lens of rent-seeking and related to the 'new' economy 2018
Lectures in Cultural Economics
Convocational lecture prepared for Wesleyan College, October 2022, "Are Subsidies in the Arts Necessary?"
Virtual Teaching
This is a completely self-contained on-line learning opportunity for people who would like to learn the fundamentals of economics, December 2022
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