Dr. Graves' research is in four broad areas: 1) He works in monetary economics and macroeconomic modeling, with concerns regarding the income elasticity of the money demand function and, more recently, endogenous growth and business cycle modeling with two types of technological change. 2) He has worked extensively in the theoretical and empirical modeling of human migration and amenities, importantly climate variation. 3) He has been exploring the policy implications of a heretofore unrecognized flaw in the valuation of public goods, a flaw that implies that benefit-cost analysis of public goods is being conducted at the wrong income levels, where all of the ungenerated income would have been spent on the public good, apart from general equilibrium considerations. 4) He is engaged in several areas of applied microeconomoics, with recent contributions to the teaching of economics among other topics.
human migration and amenities, public goods, environmental valuation, fiscal policy, macroeconomic growth and business cycle models, monetary economics, applied microeconomics
ECON 2010 - Principles of Microeconomics
Spring 2018 / Fall 2019
Examines basic concepts of microeconomics or the behavior and the interactions of individuals, firms and government. Topics include determining economic problems, how consumers and businesses make decisions, how markets work, and how they fail and how government actions affect markets.
ECON 3545 - Environmental Economics
Highlights causes of excessive environmental pollution and tools for controlling it through economic analysis, values of preservation and distribution of costs and benefits from environmental protection programs. Credit given in this course is not included in the calculation of an economics major GPA. Degree credit not granted for this course and ECON 4545.
ECON 4545 - Environmental Economics
Examines the effects of economic growth on the environment; application of economic theory of external diseconomies, cost-benefit analysis, program budgeting, and welfare economics to problems of the physical environment. Degree credit not granted for this course and ECON 3545.