Ph.D., Economics, The Johns Hopkins University, 1980; M.A., Economics, The Johns Hopkins University, 1977; B.S., Mathematics, Michigan State University, 1975.
Microeconomic theory, economics of risk and uncertainty
"Insurance Policy Transformations and Optimal Portfolio Choice"
"Taxation, Savings, and the Demand for Risky Assets"
"The Effect of Changes in the Demand Distribution on Optimal Inventories"
Arizona State University, 1984-present. Previous Appointments: Texas A&M University
Referee for National Science Foundation, International Economic Review, Review of Economic Studies
Ormiston, M.B., Understanding Microeconomic: Partial Equilibrium Analysis, Pearson Custom Publishing, 2006, 2005.
"Mean-Variance Models and Investor Behavior," (with E. Schlee), Economic Journal, 111:4, October 2001, 849-861.
Comparative Statics Tests for Nonexpected Utility Models," (with E. Schlee) Journal of Mathematical Economics, 32:2, October 1999, 145-166.
ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.
ECN 502 - Managerial Economics
Applies microeconomic analysis to managerial decision making in areas of demand, production, cost, and pricing. Evaluates competitive strategies.