James Thornton (health Economist)
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James Thornton (health Economist)
James Arthur Thornton (born 1955) is professor of economics at Eastern Michigan University in Ypsilanti, Michigan, where he teaches undergraduate and graduate classes. His research focuses on microeconomics Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics fo ..., econometrics, and health economics. He received his B.A. from in 1978, his M.A from in 1980, both from Marquette University, Milwaukee, Wisconsin, and his Ph.D in 1991 from University of Oregon, Eugene Oregon.. He immediately joined the EMU faculty, as assistant professor, becoming associate professor in 1995 and full professor in 2000, since 1999 he has been director of the graduate program in economics at EMU. He is a reviewer for the National Science Foundation and a member of the International Health Economics Asso ...
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Economics
Economics () is the social science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on glossary of economics, these elements. Other broad distinctions within economics include those between positive economics, desc ...
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Eastern Michigan University
Eastern Michigan University (EMU, Eastern Michigan or simply Eastern), is a public research university in Ypsilanti, Michigan. Founded in 1849 as Michigan State Normal School, the school was the fourth normal school established in the United States and the first American normal school founded outside New England. In 1899, the Michigan State Normal School became the first normal school in the nation to offer a four-year curriculum. The normal school became a university in 1959, gaining the current name of Eastern Michigan University. EMU is one of the eight research universities in the State of Michigan and is classified among "R2: Doctoral Universities – High research activity". It is governed by an eight-member board of regents whose members are appointed by the governor of Michigan and confirmed by the Michigan Senate for eight-year terms. The university comprises eight colleges and schools: College of Arts and Sciences, College of Business, College of Education, College o ...
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Ypsilanti, Michigan
Ypsilanti (), commonly shortened to Ypsi, is a city in Washtenaw County in the U.S. state of Michigan. As of the 2020 census, the city's population was 20,648. The city is bounded to the north by Superior Township and on the west, south, and east by Ypsilanti Township. Ypsilanti is the historic site of Michigan State Normal School, now Eastern Michigan University, the fourth normal school established in the United States, and the historical campus of Cleary Business College, now Cleary University. It is also the location of the first Domino's Pizza. History Originally a trading post established in 1809 by a French-Canadian fur trader from Montreal, a permanent settlement was established on the east side of the Huron River in 1823 by Major Thomas Woodruff. It was incorporated into the Territory of Michigan as the village Woodruff's Grove. A separate community a short distance away on the west side of the river was established in 1825 under the name "Ypsilanti", after Dem ...
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Microeconomics
Microeconomics is a branch of mainstream economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the study of individual markets, sectors, or industries as opposed to the national economy as whole, which is studied in macroeconomics. One goal of microeconomics is to analyze the market mechanisms that establish relative prices among goods and services and allocate limited resources among alternative uses. Microeconomics shows conditions under which free markets lead to desirable allocations. It also analyzes market failure, where markets fail to produce efficient results. While microeconomics focuses on firms and individuals, macroeconomics focuses on the sum total of economic activity, dealing with the issues of growth, inflation, and unemployment and with national policies relating to these issues. Microeconomics also deal ...
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Econometrics
Econometrics is the application of Statistics, statistical methods to economic data in order to give Empirical evidence, empirical content to economic relationships.M. Hashem Pesaran (1987). "Econometrics," ''The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 [pp. 8–22]. Reprinted in J. Eatwell ''et al.'', eds. (1990). ''Econometrics: The New Palgrave''p. 1[pp. 1–34].Abstract (The New Palgrave Dictionary of Economics, 2008 revision by J. Geweke, J. Horowitz, and H. P. Pesaran). More precisely, it is "the quantitative analysis of actual economic Phenomenon, phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used toda ...
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Health Economics
Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in determining how to improve health outcomes and lifestyle patterns through interactions between individuals, healthcare providers and clinical settings. In broad terms, health economists study the functioning of healthcare systems and health-affecting behaviors such as smoking, diabetes, and obesity. One of the biggest difficulties regarding healthcare economics is that it does not follow normal rules for economics. Price and Quality are often hidden by the third-party payer system of insurance companies and employers. Additionally, QALY (Quality Adjusted Life Years), one of the most commonly used measurements for treatments, is very difficult to measure and relies upon assumptions that are often unreasonable. A seminal 1963 article by Kenneth Arrow is often cre ...
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Marquette University
Marquette University () is a Private university, private Society of Jesus, Jesuit research university in Milwaukee, Wisconsin. Established by the Society of Jesus as Marquette College on August 28, 1881, it was founded by John Henni, John Martin Henni, the first Roman Catholic Archdiocese of Milwaukee, Bishop of the diocese of Milwaukee, Wisconsin. The university was named after 17th-century missionary and explorer Father Jacques Marquette, SJ, with the intention to provide an affordable Catholic education to the area's emerging German American, German immigrant population. Initially an all-male institution, Marquette became the first coeducational Catholic university in the world in 1909 when it began admitting its first female students. Marquette is part of the Association of Jesuit Colleges and Universities. The university is accredited by the Higher Learning Commission and currently has a student body of about 12,000. It is Carnegie Classification of Institutions of Higher E ...
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University Of Oregon
The University of Oregon (UO, U of O or Oregon) is a public research university in Eugene, Oregon. Founded in 1876, the institution is well known for its strong ties to the sports apparel and marketing firm Nike, Inc, and its co-founder, billionaire Phil Knight. UO is also known for serving as the filming location for the 1978 cult classic ''National Lampoon's Animal House''. UO's 295-acre campus is situated along the Willamette River. The school also has a satellite campus in Portland; a marine station, called the Oregon Institute of Marine Biology, in Charleston; and an observatory, called Pine Mountain Observatory, in Central Oregon. UO's colors are green and yellow. The University of Oregon is organized into nine colleges and schools: the College of Arts and Sciences, Charles H. Lundquist College of Business, College of Design, College of Education, Robert D. Clark Honors College, School of Journalism and Communication; School of Law; School of Music and Dance; and the Gra ...
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National Science Foundation
The National Science Foundation (NSF) is an independent agency of the United States government that supports fundamental research and education in all the non-medical fields of science and engineering. Its medical counterpart is the National Institutes of Health. With an annual budget of about $8.3 billion (fiscal year 2020), the NSF funds approximately 25% of all federally supported basic research conducted by the United States' colleges and universities. In some fields, such as mathematics, computer science, economics, and the social sciences, the NSF is the major source of federal backing. The NSF's director and deputy director are appointed by the President of the United States and confirmed by the United States Senate, whereas the 24 president-appointed members of the National Science Board (NSB) do not require Senate confirmation. The director and deputy director are responsible for administration, planning, budgeting and day-to-day operations of the foundation, while t ...
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EconPapers
Research Papers in Economics (RePEc) is a collaborative effort of hundreds of volunteers in many countries to enhance the dissemination of research in economics. The heart of the project is a decentralized database of working papers, preprints, journal articles, and software components. The project started in 1997. Its precursor NetEc dates back to 1993. Overview Sponsored by the Research Division of the Federal Reserve Bank of St. Louis and using its IDEAS database, RePEc provides links to over 1,200,000 full-text articles. Most contributions are freely downloadable, but copyright remains with the author or copyright holder. It is among the largest internet repositories of academic material in the world. Materials to RePEc can be added through a department or institutional archive or, if no institutional archive is available, through the Munich Personal RePEc Archive. Institutions are welcome to join and contribute their materials by establishing and maintaining their own ReP ...
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21st-century American Economists
The 1st century was the century spanning AD 1 ( I) through AD 100 ( C) according to the Julian calendar. It is often written as the or to distinguish it from the 1st century BC (or BCE) which preceded it. The 1st century is considered part of the Classical era, epoch, or historical period. The 1st century also saw the appearance of Christianity. During this period, Europe, North Africa and the Near East fell under increasing domination by the Roman Empire, which continued expanding, most notably conquering Britain under the emperor Claudius ( AD 43). The reforms introduced by Augustus during his long reign stabilized the empire after the turmoil of the previous century's civil wars. Later in the century the Julio-Claudian dynasty, which had been founded by Augustus, came to an end with the suicide of Nero in AD 68. There followed the famous Year of Four Emperors, a brief period of civil war and instability, which was finally brought to an end by Vespasian, ninth Roman empero ...
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Marquette University Alumni
Marquette may refer to: Locations France *Marquette-en-Ostrevant, Nord *Marquette-lez-Lille, Nord United States *Marquette, Iowa *Marquette, Kansas *Marquette, Nebraska * Marquette (town), Wisconsin **Marquette, Wisconsin, village within the town *Marquette County, Michigan **Marquette, Michigan, a city within the county ***Roman Catholic Diocese of Marquette **Marquette Township, Marquette County, Michigan, a township within the country *Marquette County, Wisconsin *Marquette Heights, Illinois *Marquette Interchange, in downtown Milwaukee, Wisconsin * Marquette Island, in Lake Huron * Marquette Mountain, a winter sports area in Marquette, Michigan * Marquette Park, Chicago, Illinois *Marquette Park (Gary), Indiana *Marquette Park (Mackinac Island), Michigan * Marquette Township, Mackinac County, Michigan * Lake Marquette, a lake in Minnesota Canada *Marquette, Manitoba *Marquette (provincial electoral district), a current provincial electoral district, or riding, in Quebec *Marqu ...
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