> Almost every intermediate micro text spends a great deal of time on > income versus substitution effects. ... So is it > really worthwhile to learn this material? > Alex
I turn the question around to ask what is there of significant value in typical intermediate microeconomics courses other than for those who will go on to graduate-school economics? Offhand I can think of three interesting and practical topics: 1. asset pricing and rates of return. 2. auctions. 3. demand revelation. What else is there that is useful? By the way, for those teaching intermediate micro, the http://econ.aplia.com online problem sets now include it. Fred Foldvary ===== [EMAIL PROTECTED]
